Industry groups asked the Consumer Financial Protection Bureau Wednesday to convene a panel to review the potential effects of new mortgage lending standards on small businesses.

Normally, the bureau is one of three agencies required under the Small Business Regulatory Enforcement Fairness Act to get feedback from smaller companies on rules significantly affecting them. Yet the mortgage rule, which would raise demands on lenders to prove a borrower's ability to repay, is an exception since it was first proposed by the Federal Reserve Board. (The Fed lost consumer rule-writing authority under the Dodd-Frank Act.)

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