FTC Requests 3-Year Extension of Paperwork Clearance for Affiliate Marketing Rule and CFPB Regulation V Enforcement
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Federal Trade Commission (FTC) is requesting that the Office of Management and Budget (OMB) extend for three years the existing Paperwork Reduction Act (PRA) clearance covering two information collection requirements. The first is the FTC's Affiliate Marketing Rule, which governs how certain motor vehicle dealers must disclose affiliate relationships to consumers. The second is the shared enforcement with the Consumer Financial Protection Bureau (CFPB) of subpart C of the CFPB's Regulation V, which applies to other non-dealer entities subject to fair credit reporting obligations. The current PRA clearance for these information collection requirements is set to expire on April 30, 2026. By filing this request, the FTC seeks to maintain its legal authority to continue collecting information from regulated entities without interruption. A PRA extension is a routine administrative procedure required whenever federal agencies collect information from the public on an ongoing basis. This notice does not introduce new regulatory requirements or substantive rule changes. It is strictly a procedural step to maintain existing compliance and disclosure obligations under the Affiliate Marketing Rule and Regulation V subpart C. Regulated businesses should continue to comply with existing requirements without modification. Stakeholders have the opportunity to submit public comments on the proposed extension, particularly regarding the burden, necessity, and accuracy of the information collection requirements described in the notice.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- FTC requests OMB extend PRA clearance for 3 additional years (beyond April 30, 2026 expiration)
- Extension covers the FTC Affiliate Marketing Rule applicable to certain motor vehicle dealers
- Extension covers shared FTC-CFPB enforcement of Regulation V subpart C for non-dealer entities
+ 3 more changes with Pro
Obligations
What this law requires
Certain motor vehicle dealers must disclose affiliate relationships to consumers as required by the FTC Affiliate Marketing Rule
Non-dealer entities subject to fair credit reporting obligations must comply with subpart C of CFPB Regulation V
Regulated entities must continue to provide information to the FTC for information collection requirements under the Affiliate Marketing Rule and Regulation V subpart C without interruption
Regulated businesses must maintain compliance with existing disclosure and reporting requirements under the Affiliate Marketing Rule and Regulation V subpart C through the extended clearance period