I would also like to be able to tell the story of the cow that, in an even earlier era, was transported to Marseille to ensure availability of good Irish milk during one of Garret’s ancestor’s French holidays.
To be effective, disclosures must give consumers information about credit pricing at a time when the information is relevant, in language they can easily understand. The information must also be in a format that allows consumers to pick out and use the information that is most important to them. Better credit disclosure facilitates better-informed credit decisions, and hence moreeffective competition among creditors.