Banks are required to provide consumers with certain information about their financial products. But under a new trial disclosure policy the CFPB finalized recently, banks may apply for a waiver to test potential disclosure improvements on a trial basis. Under the terms of the finalized policy, if the CFPB approves a specific trial, then, for the duration of an agreed testing period, the bureau will deem a testing company’s disclosure, to the extent that it is used in accordance with the terms and conditions approved by the agency, to...