Disclosure

Practically nobody ever reads the disclosures that came with a bank account, and that's no surprise -- they average 111 pages long. That's way too much fine print, say Sens. Dick Durbin (D-Ill.) and Jack Reed (D-R.I.), who are calling on banks to cut those disclosures down to just one easy-to-comprehend page.

On Thursday, the Consumer Financial Protection Bureau officially opens for business. Even as the political fight continues over just how potent the agency will be, at root, its mission is to make clear the prices and risks of financial products and services. Here's where it will focus its early effort.

This week, the Congressional Oversight Panel recommended that the nation's big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has agreed to run those tests, which it wouldn't do if it wasn't worried.

Technology reporter David Kirkpatrick picked a great time to release his new book, The Facebook Effect. Kirkpatrick stopped by DailyFinance to discuss Facebook and its young CEO, Mark Zuckerberg, as well as changing privacy and disclosure standards.

A bad week Bank of America (BAC) got a lot worse Wednesday after five members of the company's board of directors were subpoenaed by New York State Attorney General Andrew Cuomo as part of an investigation into the bank's acquisition of Merrill Lynch. Investigators want to know what board members...

On today's "Show & Tell with The 2 Mortgage Guys" video, we'll explain the new Mortgage Disclosure Improvement Act and how it effects you if your applying for a mortgage. We'll break down the good, the bad and the possible closing delays! Ryan Minick & Steve DeLon are The 2 Mortgage Guys....