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Federal forms, ICRs, and supporting documents

Information Collection Request

The Red Flags Regulations (Under the Fair and Accurate Credit Transactions Act)

ICR 201509-3084-001 · OMB 3084-0137 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Red Flags '15 SS fin.pdf Supporting Statement A Uploaded 2015-09-29 Available
IC Document Collections
IC IDCollectionTypeStatusForm
190213 Address Discrepancies Rule: users of consumer rpts having to furnish to CRAs an address confirmation Unchanged
190212 Address Discrepancies Rule: developing procedures to reconcile address discrepancies Modified
190211 Card Issuers Rule: creating procedures to assess validity of address change Modified
190210 Red Flags Rule: Low-risk entities avg. time to create & implement a streamlined written Program, prepare ann'l rpt, conduct training Modified
190209 Red Flags Rule: High-risk entities avg time to create & implement a written Program, prepare ann'l rpt, conduct training Modified
ICR Details
3084-0137 201509-3084-001
Historical Active 201209-3084-001
FTC
The Red Flags Regulations (Under the Fair and Accurate Credit Transactions Act)
Extension without change of a currently approved collection   No
Regular
Approved without change 11/06/2015
Retrieve Notice of Action (NOA) 10/05/2015
  Inventory as of this Action Requested Previously Approved
11/30/2018 36 Months From Approved 12/31/2015
2,063,878 0 1,953,002
2,296,864 0 2,306,904
0 0 0
The Rule implements sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 ("FACT Act"), as amended by the Red Flags Program Clarification Act of 2010. These rules enhance the ability of consumers to resolve problems caused by identity theft and increase the accuracy of consumer reports.
PL: Pub.L. 108 - 159 114, 315 Name of Law: Fair and Accurate Credit Transactions Act
  
US Code: 15 USC 1681m(e)(4) Name of Law: Red Flag Program Clarification Act of 2010
PL: Pub.L. 111 - 203 1088 Name of Law: Dodd Frank Wall Street Reform and Consumer Protection Act,
Not associated with rulemaking
  80 FR 42806 07/20/2015
80 FR 60145 10/05/2015
No
  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 2,063,878 1,953,002 0 0 110,876 0
Annual Time Burden (Hours) 2,296,864 2,306,904 0 0 -10,040 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The minor net change in estimated burden hours regarding sections 114 and 315 compliance are attributable to varying population estimates tied to the sources of data the FTC used, as referenced in the Supporting Statement and Federal Register notices for this clearance request.
$63,321
No
No
No
No
No
Uncollected
Steven Toporoff 202 326-3135 [email protected]
  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.
10/05/2015