The Federal Reserve would use this event-driven survey to obtain information specifically tailored to the Federal Reserve's supervisory, regulatory, operational, informational, and other responsibilities. This voluntary survey would be used to gather qualitative and quantitative information directly from: consumers (consumer studies), financial institutions and other financial companies offering consumer financial products and services (financial institution study), and other stakeholders, such as state or local agencies, community development organizations, brokers, appraisers, settlement agents, software vendors, and consumer groups (stakeholder studies).
US Code:
42 USC 4012a
Name of Law: Flood Disaster Protections Act of 1973, Section 102
US Code:
12 USC 2804(a)
Name of Law: Home Mortgage Disclosure Act, Section 305
US Code:
12 USC 2905
Name of Law: Community Reinvestment Act, Section 806
US Code:
12 USC 3806
Name of Law: Competitive Equality Banking Act, Section 1204
US Code:
12 USC 4008
Name of Law: Expedited Funds Availability Act, Section 609
US Code:
12 USC 4308
Name of Law: Truth in Saving Act, Section 269
US Code:
15 USC 57a(f)
Name of Law: Federal Trade Commission Act, Section 18(f)
US Code:
15 USC 1667f
Name of Law: Consumer Leasing Act of 1976, Section 187
US Code:
15 USC 1604
Name of Law: Truth in Lending Act, Section 105
US Code:
15 USC 1638(b)(2)
Name of Law: Mortgage Disclosure Improvement Act, Sections 2501 through 2503 of the Housing and Economic Recove
US Code:
15 USC 1638(e)(5)
Name of Law: Higher Education Opportunity Act of 2008, Section 1021(a)
US Code:
15 USC 1681s(e)
Name of Law: Fair Credit Reporting Act, Section 621
US Code:
15 USC 1691b(a)
Name of Law: Equal Credit Opportunity Act, Section 703
US Code:
15 USC 1693b
Name of Law: Electronic Funds Transfer Act, Section 904
US Code:
15 USC 6804
Name of Law: Gramm-Leach-Bliley Act, Section 504
The Board of Governors of the Federal Reserve System, under delegated authority from the Office of Management and Budget (OMB), proposes to implement the Consumer Protection Surveys (FR 3053)
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.
FR3053.20090925.omb.SS.Part-B.doc
Stakeholder studies (Stakeholder staff)