"This is particularly true in the mortgage market, where borrowers receive stacks of incomprehensible paperwork when they're looking for a loan," she said. "Fine print obscures the cost of credit and makes it impossible for families to compare products."

Yes and no. I only read this review, so I haven't researched the matter fully and possibly the below was covered by the proposal... Doubt it.

They aren't solving the problem (as usual), the common American isn't educated enough to make it through the paperwork. Maybe one should take the time and energy to really understand it, especially if they are spending hundreds of thousands of dollars... that they do not have. I mean, you are making one of the largest purchases of your life.

Instead of having LESS disclosure, you could have a glossary. Assigining different importances would help; "If you don't do this, you will lose money", "If you don't do this, you could lose your house". Less disclosure and less data, is pretty much the opposite of what they are trying to accomplish.

Maybe simplify the actual wording, less Latin, more English. If this causes it to be more pages, than at least it will be readable. Julia also noted, bigger font would be helpful.

It is obvious that this is geared towards helping avoid predatory lending, but if it is truncated to be "easier" than it will most likely encourage laziness which will lead to future predatory lending.