Mortgage trade groups are supporting limits on disparate-impact liability under the Equal Credit Opportunity Act (ECOA) and other proposed changes, according to comment letters submitted Monday to the Consumer Financial Protection Bureau (CFPB).

Consumer advocacy groups, however, are urging the CFPB to withdraw the proposal entirely, warning that it would significantly weaken fair lending protections and make credit more expensive and less accessible for women, Black and Latino borrowers, and older adults.

The CFPB’s proposal, published on Nov. 13 in the Federal Register, includes changes to disparate impact, discouragement of applicants or prospective applicants and Special Purpose details ⇒

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