Consumer advocates said the proposed changes will make it even more difficult for underserved markets to access credit, particularly people of color that continue to experience redlining and lending discrimination.

The organization that represents state mortgage regulators supports a request from the MBA for a grace period for initial filing of Mortgage Call Report Version 7.

Although the bureau isn’t enforcing its payday lending rule, members of the small-dollar lending industry said the rule is still limiting customers’ “payment flexibility.”