Documents/FTC2010/1: Protect Consumers/1.4: Research, Reports, Advocacy, and International Cooperation/Indicator:4

Indicator: Key Measure 1.4.4

[Quantitative::Output]

Measurements in/of Proposed Administrative Procedure Act (APA) rulemakings, conducted solely by the FTC, completed within nine months of receipt of final comments in the Final Notice of Proposed Rulemaking.

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PERFORMANCE HIGHLIGHTS In February 2010, the FTC completed amendments to the Free Credit Report Rule to prevent deceptive marketing of “free credit reports,” pursuant to the Credit CARD Act of 2009. The amended rule requires prominent disclosures for “free credit report” advertising in order to prevent consumers from confusing these so-called “free” offers with the federally mandated free annual credit reports.

Type Target Actual Target Actual Target Actual Target Actual Target Actual Target Target
StartDate 2005-10-01 2005-10-01 2006-10-01 2006-10-01 2007-10-01 2007-10-01 2008-10-01 2008-10-01 2009-10-01 2009-10-01 2010-10-01 2011-10-01
EndDate 2006-09-30 2006-09-30 2007-09-30 2007-09-30 2008-09-30 2008-09-30 2009-09-30 2009-09-30 2010-09-30 2010-09-30 2011-09-30 2012-09-30
Percentage 75 100 75 75
Description n/a n/a n/a n/a n/a n/a n/a n/a 75.0% of rulemakings Target exceeded. Of the three rulemakings completed in FY 2010, all were completed within nine months of receipt of final comments in the Final Notice of Proposed Rulemaking. Rulemakings are considered completed on the dates the Commission votes on the rules. The agency will continue to monitor the target of this new measure and will reassess it after additional performance cycles. Data Source: The Federal Register and the FTC website.