Notice2022-01539
Agency Information Collection Activities; Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 27, 2022
Issuing agencies
Federal Trade Commission
Abstract
The Federal Trade Commission (FTC) requests that the Office of Management and Budget (OMB) extend for three years the current Paperwork Reduction Act (PRA) clearance for information collection requirements contained in the FTC's Red Flags, Card Issuers, and Address Discrepancy Rules (Rules). That clearance expires on January 31, 2022.
Full Text
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<title>Federal Register, Volume 87 Issue 18 (Thursday, January 27, 2022)</title>
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[Federal Register Volume 87, Number 18 (Thursday, January 27, 2022)]
[Notices]
[Pages 4239-4240]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01539]
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FEDERAL TRADE COMMISSION
Agency Information Collection Activities; Submission for OMB
Review; Comment Request
AGENCY: Federal Trade Commission.
ACTION: Notice and request for comment.
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SUMMARY: The Federal Trade Commission (FTC) requests that the Office of
Management and Budget (OMB) extend for three years the current
Paperwork Reduction Act (PRA) clearance for information collection
requirements contained in the FTC's Red Flags, Card Issuers, and
Address Discrepancy Rules (Rules). That clearance expires on January
31, 2022.
DATES: Comments must be received by February 28, 2022.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. The
<a href="http://reginfo.gov">reginfo.gov</a> web link is a United States Government website produced by
OMB and the General Services Administration (GSA). Under PRA
requirements, OMB's Office of Information and Regulatory Affairs (OIRA)
reviews Federal information collections.
FOR FURTHER INFORMATION CONTACT: Whitney Moore, Attorney, Division of
Division of Privacy and Identity Protection, Bureau of Consumer
Protection, Federal Trade Commission, Mail Code CC-8232, 600
Pennsylvania Ave. NW, Washington, DC 20580, (202) 326-2645.
SUPPLEMENTARY INFORMATION:
[[Page 4240]]
Title: Red Flags Rule, 16 CFR 681.1; Card Issuers Rule, 16 CFR
681.2; Address Discrepancy Rule, 16 CFR part 641.
OMB Control Number: 3084-0137.
Type of Review: Extension of currently approved collection.
Abstract: The Red Flags Rule requires financial institutions and
certain creditors to develop and implement written Identity Theft
Prevention Programs. The Card Issuers Rule requires credit and debit
card issuers to assess the validity of notifications of address changes
under certain circumstances. The Address Discrepancy Rule provides
guidance on what covered users of consumer reports must do when they
receive a notice of address discrepancy from a nationwide consumer
reporting agency. Collectively, these three anti-identity theft
provisions are intended to prevent impostors from misusing another
person's personal information for a fraudulent purpose.
The Rules implement sections 114 and 315 of the Fair Credit
Reporting Act (``FCRA''), 15 U.S.C. 1681 et seq.
Estimated Annual Burden: (397,298 hours; $20,103,752 in labor
costs).
A. Section 114: Red Flags and Card Issuers Rules:
(1) Red Flags:
(a) Estimated Number of Respondents: 164,591
(i) High-Risk Entities: 99,830 \1\
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\1\ High-risk entities include, for example, financial
institutions within the FTC's jurisdiction and utilities, motor
vehicle dealerships, telecommunications firms, colleges and
universities, and hospitals.
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(ii) Low-Risk Entities: 64,761 \2\
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\2\ Low-risk entities include, for example, public warehouse and
storage firms, nursing and residential care facilities, automotive
equipment rental and leasing firms, office supplies and stationery
stores, fuel dealers, and financial transaction processing firms.
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(b) Estimated Hours Burden:
(i) High-Risk Entities: 342,900 hours
(ii) Low-Risk Entities: 16,523 hours
(2) Card Issuers Rule:
(a) Estimated Number of Respondents: 18,894 \3\
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\3\ FTC staff estimates that the Rule affects as many as 18,356
card issuers within the FTC's jurisdiction. This includes, for
example, state credit unions, general retail merchandise stores,
colleges and universities, and telecoms.
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(b) Estimated Hours Burden: 20,508 hours
(3) Combined Labor Cost Burden: $19,756,412
B. Section 315--Address Discrepancy Rule:
(1) Estimated Number of Respondents: 44,000
(2) Estimated Hours Burden: 17,367 hours
(3) Estimated Labor Cost Burden: $347,340
C. Capital/Non-Labor Costs for Sections 114 and 315
FTC staff believes that the Rules impose negligible capital or
other non-labor costs, as the affected entities are likely to have the
necessary supplies and/or equipment already (e.g., offices and
computers) for the information collections described herein.
Request for Comment
On October 15, 2021, the FTC sought public comment on the
information collection requirements associated with the Rule. 86 FR
57425. The Commission received no germane comments. Pursuant to the OMB
regulations, 5 CFR part 1320, that implement the PRA, 44 U.S.C. 3501 et
seq., the FTC is providing this second opportunity for public comment
while seeking OMB approval to renew the pre-existing clearance for the
Rules.
Your comment--including your name and your state--will be placed on
the public record of this proceeding. Because your comment will be made
public, you are solely responsible for making sure that your comment
does not include any sensitive personal information, such as anyone's
Social Security number; date of birth; driver's license number or other
state identification number, or foreign country equivalent; passport
number; financial account number; or credit or debit card number. You
are also solely responsible for making sure that your comment does not
include any sensitive health information, such as medical records or
other individually identifiable health information. In addition, your
comment should not include any ``trade secret or any commercial or
financial information which . . . is privileged or confidential'' --as
provided by Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule
4.10(a)(2), 16 CFR 4.10(a)(2)--including in particular competitively
sensitive information such as costs, sales statistics, inventories,
formulas, patterns, devices, manufacturing processes, or customer
names.
Josephine Liu,
Assistant General Counsel for Legal Counsel.
[FR Doc. 2022-01539 Filed 1-26-22; 8:45 am]
BILLING CODE 6750-01-P
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</html>Indexed from Federal Register on January 27, 2022.
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