Generic Information Collection Plan for Surveys Using the Consumer Credit Panel

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Consumer Financial Protection Bureau (CFPB) is charged with researching, analyzing, and reporting on topics relating to CFPB's mission, including consumer behavior, consumer awareness, and developments in markets for consumer financial products and services. In order to improve its understanding of how consumers engage with financial markets, the CFPB has used the Consumer Credit Panel (CCP), a proprietary sample dataset from one of the national credit reporting agencies, as a frame to survey people about their experiences in consumer credit markets. CFPB seeks to obtain approval for a generic information collection plan for these types of surveys. Surveys conducted under this generic information collection plan will support CFPB's mission to conduct research in areas related to consumer finance including research to monitor developments in consumers’ financial situations, related changes in their use of financial products, and the impacts that these decisions have on their balance sheets. All research under this plan will be for general, formative, and informational research on consumer financial markets and consumers’ use of financial products and will not directly provide the basis for specific policymaking at CFPB. The CFPB requests approval from the Office of Management and Budget for a generic information collection plan which will allow the Bureau to collect data by administering surveys which use the CCP as a survey frame.

The latest form for Generic Information Collection Plan for Surveys Using the Consumer Credit Panel expires 2023-03-31 and can be found here.