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Designing Disclosures to Inform Consumer Financial Decisionmaking: Lessons Learned from Consumer Testing

Year: 2011

Type: article

Abstract: The Federal Reserve Board has studied ways to improve the disclosures that consumers draw on when they purchase and use financial products and services. This article examines lessons learned from the Board's consumer testing projects, suggests potential best practices for disclosure content and presentation, and identifies challenges involved in crafting effective disclosures for financial products.

Source: Federal Reserve Bulletin

DOI: 10.17016/bulletin.2011.97-3

Authors: Jeanne M. Hogarth, Ellen A. Merry

Institutions: Federal Reserve, Federal Reserve Board of Governors

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Funder: National Credit Union Administration

OpenAlex ID: W1584755878

FWCI: 4.54

Cites: 13

Cited by: 20

Related to: 10