Fair Credit Reporting (FCRA); Regulation V and 12 CFR 717

ICR 202012-3133-001

OMB: 3133-0165

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-02-26
Supporting Statement A
2021-02-26
IC Document Collections
IC ID
Document
Title
Status
32820 Modified
220367
Modified
ICR Details
3133-0165 202012-3133-001
Received in OIRA 201603-3133-002
NCUA OCFP
Fair Credit Reporting (FCRA); Regulation V and 12 CFR 717
Extension without change of a currently approved collection   No
Regular 02/26/2021
  Requested Previously Approved
36 Months From Approved 02/28/2021
335,340 291,315
272,686 303,546
0 0

As required under the Fair Credit Reporting Act, federal credit unions must give consumers an opportunity to opt out from the credit union's sharing of information covered by FCRA, which is other than transaction and experience information, before communicating such information to its affiliates.

US Code: 15 USC 1681 Name of Law: Fair Credit Reporting Act
  
None

Not associated with rulemaking

  85 FR 83625 12/22/2020
86 FR 11562 02/25/2021
No

2
IC Title Form No. Form Name
FCU - Fair Credit Reporting
Consumer Opt-out Requirement

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 335,340 291,315 0 0 44,025 0
Annual Time Burden (Hours) 272,686 303,546 0 0 -30,860 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The information collection burden has changed due to adjustments in the number of respondents.

$0
No
    No
    No
No
Yes
No
No
Grace Lee 703 518-1156

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
02/26/2021


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