Follow-up Pilot Study for Potential FACT Act Accuracy Study

OMB Control No: 3084-0133	ICR Reference No: 200702-3084-001
Status: Historical Active	Previous ICR Reference No: 200505-3084-001
Agency/Subagency: FTC	Agency Tracking No:
Title: Follow-up Pilot Study for Potential FACT Act Accuracy Study
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/30/2007
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/07/2007
Terms of Clearance: Upon completion of the study FTC is encouraged to share with OMB the specific response rates at each of the incentive levels.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2009	18 Months From Approved
Responses	920	0	0
Time Burden (Hours)	733	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The follow-up pilot study will evaluate the feasibility of directly involving consumers in a review of the information in their credit reports.

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Authorizing Statute(s): PL: Pub.L. 108 - 159 319 Name of Law: Fair and Accurate Credit Transactions Act of 2003

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 61776	10/19/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 5435	02/06/2007
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title Form No. Form Name Follow-up Pilot Study for Potential FACT Act Accuracy Study Telephone Interview Screening

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ICR Summary of Burden

	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	920	0	0	920	0	0
Annual Time Burden (Hours)	733	0	0	733	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The proposed pilot study is a follow-up to the Federal Trade Commission’s ("FTC")previous pilot study conducted from October 2005 through June 2006. After the initial pilot study was conducted, the FTC requested that the Office of Management and Budget ("OMB") discontinue the clearance (OMB Control No. 3084-0133). The FTC is now requesting that the OMB reinstate that clearance so that it can conduct a follow-up pilot study. The FTC believes it is necessary to conduct a follow-up pilot study to evaluate additional design elements prior to carrying out a nationwide survey on the accuracy and completeness of consumer credit reports. The additional design elements would permit the FTC to further assess whether certain data pertinent to credit report accuracy can be obtained in a way that is not unduly resource-intensive or otherwise cost-prohibitive if extended to a nationwide survey. As was true of the initial study, the follow-up pilot study will not rely on the selection of a nationally representative sample of consumers, and statistical conclusions will not be drawn.

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Annual Cost to Federal Government: $110,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Peter Vander Nat 202 326-3518 [email protected]

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Common Form ICR:  No

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 02/07/2007

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