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Federal forms, ICRs, and supporting documents

Information Collection Request

Privacy of Consumer Financial Information (Gramm-Leach-Bliley Act Privacy Rule)

ICR 200005-3084-001 · OMB 3084-0121 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
32341 Privacy of Consumer Financial Information (Gramm-Leach-Bliley Act Privacy Rule) Migrated
ICR Details
3084-0121 200005-3084-001
Historical Active
FTC
Privacy of Consumer Financial Information (Gramm-Leach-Bliley Act Privacy Rule)
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 05/11/2000
Retrieve Notice of Action (NOA) 05/10/2000
Approved through June 30, 2002. We understand that the Commission will implement these rules with an extended compliance deadline of July 1, 2001. OMB's approval for a one-year period beyond that date should give the Commission adequate time to further assess the impact, particularly on small entities, of the rule. We believe that the initial data and estimates that were presented with the proposed rule were good faith estimates of the potential impacts and that there has been little additional information presented in the record that would provide a basis for presently revising the estimates. However, as additional data becomes available, we encourage the Commission to revise the estimates and to take whatever additional steps may be required to balance the benefits to consumer privacy against the burdens of the program.
  Inventory as of this Action Requested Previously Approved
06/30/2002 06/30/2002
210,000 0 0
4,033,000 0 0
0 0 0
The Proposed Rule would implement Title V of the Gramm-Leach- Bliley Act. Title V limits the instances in which a financial insitution may disclose a consumer's nonpublic personal information to a non-affiliated party. The proposed requirements will ensure that customers and consumers, subject to certain exceptions will have access to the privacy policies of the financial institutions with which they conduct business.
None
None
No
1
IC Title Form No. Form Name
Privacy of Consumer Financial Information (Gramm-Leach-Bliley Act Privacy Rule)
  Total Approved 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 210,000 0 0 210,000 0 0
Annual Time Burden (Hours) 4,033,000 0 0 4,033,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
  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.
05/10/2000