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Research Article
Open Access

The Consumer Financial Protection Bureau and the Quest for Consumer Comprehension

Lauren E. Willis
RSF: The Russell Sage Foundation Journal of the Social Sciences January 2017, 3 (1) 74-93; DOI: https://doi.org/10.7758/RSF.2017.3.1.04
Lauren E. Willis
aProfessor of law and Rains Senior Research Fellow at Loyola Law School, Los Angeles
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Article Information

vol. 3 no. 1 74-93
DOI 
https://doi.org/10.7758/RSF.2017.3.1.04

Published By 
RSF: The Russell Sage Foundation Journal of the Social Sciences
Print ISSN 
2377-8253
Online ISSN 
2377-8261
History 
  • Published online January 1, 2017.

Copyright & Usage 
Copyright © 2017 by Russell Sage Foundation. All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Reproduction by the United States Government in whole or in part is permitted for any purpose. Direct correspondence to: Lauren E. Willis at lauren.willis@lls.edu, 919 Albany St., Los Angeles, CA 94705. Open Access Policy: RSF: The Russell Sage Foundation Journal of the Social Sciences is an open access journal. This article is published under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

Author Information

  1. Lauren E. Willisa
  1. aProfessor of law and Rains Senior Research Fellow at Loyola Law School, Los Angeles
  1. Corresponding author:
    Lauren E. Willis, (lauren.willis{at}lls.edu)
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RSF: The Russell Sage Foundation Journal of the Social Sciences: 3 (1)
RSF: The Russell Sage Foundation Journal of the Social Sciences
Vol. 3, Issue 1
1 Jan 2017
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The Consumer Financial Protection Bureau and the Quest for Consumer Comprehension
Lauren E. Willis
RSF: The Russell Sage Foundation Journal of the Social Sciences Jan 2017, 3 (1) 74-93; DOI: 10.7758/RSF.2017.3.1.04

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The Consumer Financial Protection Bureau and the Quest for Consumer Comprehension
Lauren E. Willis
RSF: The Russell Sage Foundation Journal of the Social Sciences Jan 2017, 3 (1) 74-93; DOI: 10.7758/RSF.2017.3.1.04
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  • Article
    • Abstract
    • THE FLAWS IN THE BUREAU’S CURRENT APPROACH TO CONSUMER COMPREHENSION
    • DOUBLING DOWN IN THE LAB: DISCLOSURE 2.0
    • MOVING TO THE FIELD: DISCLOSURE 2.5
    • BRINGING FIRMS INTO THE DISCLOSURE DESIGN PROCESS: PROJECT CATALYST
    • COMPREHENSION TESTING BY THE BUREAU TO INFORM DISCLOSURE AND PRODUCT DESIGN REGULATION
    • ADVANTAGES FIRMS HAVE IN ATTAINING COMPREHENSION
    • AUTHORITY FOR IMPOSING COMPREHENSION RULES
    • MECHANICS
    • COMPREHENSION OF PRICE
    • COMPREHENSION OF BENEFITS
    • COMPREHENSION OF LEGAL RIGHTS
    • BENEFITS OF COMPREHENSION RULES
    • FOOTNOTES
    • REFERENCES
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Keywords

  • consumer finance
  • performance standards
  • disclosures
  • deception
  • Consumer Financial Protection Bureau

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