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Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements Associated with Regulation II

ICR 202507-7100-002 · OMB 7100-0349 · Active

Forms and Documents
DocumentTypeStatusAvailability
FRII_20250226_Comment01.pdf Public Comments Uploaded 2025-02-26 Available
FRII_20250725_omb.pdf Supporting Statement A Uploaded 2025-07-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
254886 Disclosure Sections 235.4(c) and (d) Unchanged
198926 Recordkeeping Section 235.4(b)(3) Unchanged
198925 Recordkeeping Sections 235.4(b)(1) and (2) Unchanged
ICR Details
7100-0349 202507-7100-002
Active 202409-7100-004
FRS FR II
Recordkeeping and Disclosure Requirements Associated with Regulation II
Extension without change of a currently approved collection   No
Delegated
Approved without change 07/25/2025
Retrieve Notice of Action (NOA) 07/25/2025
  Inventory as of this Action Requested Previously Approved
07/31/2028 36 Months From Approved 07/31/2025
1,065 0 1,065
22,251 0 22,251
0 0 0
Regulation II - Debit Card Interchange Fees and Routing (12 CFR Part 235) requires certain debit card issuers (referred to as “covered issuers”) to develop and implement, and at least annually review and update, certain fraud-prevention policies and procedures to be eligible to receive the fraud-prevention adjustment. In addition, the rule requires such a debit card issuer to annually notify its payment card networks that it is eligible to receive the fraud-prevention adjustment, and to notify its payment card networks when it is no longer eligible to receive the fraud-prevention adjustment. Finally, Regulation II requires all debit card issuers and, in some situations, payment card networks to retain evidence of compliance with the requirements in Regulation II for a prescribed period of time. The Paperwork Reduction Act (PRA) classifies these recordkeeping and disclosure requirements associated with Regulation II as an information collection.
US Code: 15 USC 1693o-2(a)(5) Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 1693o-2(a)(3) Name of Law: Electronic Fund Transfer Act
  
None
Not associated with rulemaking
  90 FR 2700 01/13/2025
90 FR 17598 04/28/2025
Yes
  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 1,065 1,065 0 0 0 0
Annual Time Burden (Hours) 22,251 22,251 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
    No
    No
No
No
No
No
Deven Patel 319 538-6278 [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.
07/25/2025