"would be helpful to small creditors, including credit unions, offering mortgages with balloon-payment features in underserved areas, because it would allow them to satisfy the rule’s 'ability to repay' requirements." The NAFCU thought that the application process described by this bill would make "the process for obtaining a rural designation fairer and more transparent." The Conference of State Bank Supervisors (CSBS) wrote a letter in support of the bill, arguing that "certain aspects of lending should not be regulated with a nationwide, broad brush approach, and must necessarily provide for local flexibility." According to the CSBS, the current method of designating a county as "rural" is "formulaic" and is "inflexible when applied to counties with atypical population distributions or geographic boundaries" thus necessitating a more nuanced approach. See also List of bills in the 113th United States Congress References External links Library of Congress - Thomas H.R. 2672 beta.congress.gov H.R. 2672 GovTrack.us H.R. 2672 OpenCongress.org H.R. 2672 WashingtonWatch.com H.R. 2672 Proposed legislation of the 113th United States Congress Consumer Financial Protection Bureau