Effective Disclosures in Financial Decisionmaking

This document is about reviewing the literature on the effectiveness of consumer disclosures in the financial industry, with a focus on disclosures of conflicts of interest in financial advice as well as disclosures related to other common financial products like mortgages, credit cards, and mutual funds. The report examines whether disclosures can effectively convey information, provide decision support, and help consumers make decisions aligned with their interests, and in what instances disclosure is most effective.