Yesterday, the Consumer Financial Protection Bureau (CFPB) announced a proposed policy that would allow “banks, credit unions, and other financial services companies to propose and conduct trial disclosure programs” on a case-by-case basis to help the bureau identify the best ways to provide the information consumers need to “make financial decisions in a marketplace of evolving programs and products,” according to a press release from the bureau. For a company to be granted a waiver from current disclosure requirements to pursue a proposed trial, the CFPB will evaluate how the trial will improve consumer understanding with regard to the costs, benefits and risks of products and services; how it will “help develop more cost-effective disclosure rules or policies”; and the extent to which the program is designed to “mitigate any risk to consumers,” the release said. For more, read the full press release and the proposed policy.