📄FTC Proposes Information Collection for Consumer Reporting Compliance
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension
Summary
The information collection requirements described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act (PRA). The FTC seeks public comments on the agency's shared enforcement with the Consumer Financial Protection Bureau (CFPB) of the information collection requirements in CFPB's rule on Duties of Consumer Reporting Agencies Regarding Disclosures to Consumers (Rule). That clearance expires on April 30, 2025.
Agencies
- Federal Trade Commission
Business Impact
$$ - Med
The text discusses the FTC's collection of information requirements related to consumer credit reporting agencies, which have compliance implications for businesses in that sector. It outlines expected increases in consumer requests for annual file disclosures, affecting operational and labor costs.