On December 13th, the Consumer Financial Protection Bureau announced its proposed policy to allow companies to test new consumer disclosures on a case-by-case basis. Under the proposed policy, the Bureau would grant individual companies time-limited exemptions from current federal disclosure laws in order for those companies to research and test informative, cost-effective disclosures. The companies involved will then share the results of their trial disclosure with the CFPB. The CFPB will use that information to improve its disclosure rules and model forms. Comments should be submitted within 60 days after publication in the Federal Register, which is expected during the week of December 17. CFPB Press Release.