We test Spanish language variations for the disclosures in the united states.
We conducted consumer that is qualitative on Spanish language variations of this proposed disclosures. We tested in three towns and cities: Arlington, Va. (11-12); Phoenix, Az. (November 14-15); and Miami, Fla. (December 12-13) october.
23, 2013 – June 13, 2013 april
Validating our assessment
By using Kleimann correspondence Group, the specialist whom assisted us through the entire screening procedure, we carried out a quantitative research associated with the brand new types with 858 customers in 20 places around the world. By almost every measure, the analysis revealed that the latest kinds provide a statistically significant enhancement on the current kinds.
June 18, 2013 – July 26, 2013
Extra testing with modified disclosures
In response to commentary, we developed and tested various variations associated with the disclosures for refinance loans, which we tested for three rounds. (inside our last round, we tested an adjustment for both acquisitions and refinances. ) We also did yet another round of Spanish language testing for the refinance variations. The modified disclosures tested well and they are the people contained in the rule that is final.