While both industry and consumer groups generally support the proposed rule’s objectives, they want the CFPB to reconsider some definitions and reporting of certain discretionary data points.

A new Urban Institute report shows that owner-occupied purchase lending in predominantly minority areas, especially by banks, was disproportionately low. The same was true for loans to minority borrowers.

CFPB Director Rohit Chopra was open to feedback on the topic in his congressional hearings. Reactions to the rule have been mixed.