The Financial Health Network realizes that information disclosure is a key part of the financial capability equation, and we also believe that for information to lead to behavior change it needs to be relevant, timely, actionable, and ongoing. Disclosures can be an important tool to not only give terms and conditions – but also to deliver information that helps people make better decisions, allows them to comparison shop or make an individually appropriate choice, and that educates and nudges in addition to informing and satisfying regulatory requirements.

This letter lists nine recommendations to strengthen CFPB’s disclosure program.