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Financial Services Law Insights and Observations

CFPB seeks comment on mobile-device disclosures

Agency Rule-Making & Guidance CFPB Disclosures Federal Register

Agency Rule-Making & Guidance

On August 11, the CFPB issued a notice and request in the Federal Register for comments on a Generic Information Collection titled, “Electronic Disclosure on Mobile Devices.” According to the notice, the CFPB is planning “to conduct several studies using methodologies rooted in psychology and behavioral economics to understand electronic disclosure on mobile devices.” Through these studies, the CFPB intends to collect information about demographics, reading electronic disclosures, and how consumers engage with their finances on different devices. Comments are due by September 10.

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