Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Privacy of Consumer Financial Information
By Treasury Department, Comptroller of the Currency
Use this page to get oriented quickly.
The brief below is a reading aid. The original source material and source link remain the governing reference.
Operational Brief
The OCC is renewing its information collection on consumer financial privacy, requiring OMB approval. This affects how credit unions handle data disclosure requirements, impacting compliance documentation and exam readiness.
Why It Matters for Texas Credit Unions
While the OCC regulates national credit unions, Texas institutions are still subject to federal rules. The OMB review process could alter reporting obligations with nationwide implications, making this worth tracking for Texas credit unions.
Who this most likely affects
Bounded site guidance: This item is most likely relevant for credit unions with retail consumer programs, deposit products, or frontline member-service exposure.
Why this fit: The source language points to consumer treatment, product, or disclosure practices.
This is site guidance, not a formal determination. Federal Register - OCC and the original source material remain the governing reference.
Private Follow-Up
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The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Privacy of Consumer Financial Information." The OCC also is giving notice that it has sent the collection to OMB for review.