CFPB Clarifies-Discrimination by Lenders On Basis of Sexual Orientation, Gender Identity Illegal – plus, Manufactured Housing Investing, Stock Updates

DowJonesAvg3.09.2021AtCloseYahooMHProNews - CopyThe Consumer Financial Protection Bureau (CFPB) issued an “interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (ECOA) and Regulation B,” said a press release to MHProNews and others in media that was dated 3.9.2021.

The ruling is in response to a “June 15, 2020, the U.S. Supreme Court issued a landmark decision in Bostock v. Clayton County, Georgia, 140 S. Ct. 1731, 207 L. Ed. 2d 218 (2020).”

JDSupra reported on February 17, 2021 that “HUD’s Office of Fair Housing and Equal Opportunity to take a series of actions “to administer and fully enforce the Fair Housing Act to prohibit discrimination because of sexual orientation and gender identity.” HUD already planned on a similar enforcement action.

Biden EO 13988, per JDSupra,The Executive Order states that “under Bostock’s reasoning, laws that prohibit sex discrimination—including Title IX of the Education Amendments of 1972, the Fair Housing Act, and section 412 of the Immigration and Nationality Act, along with their respective implementing regulations—prohibit discrimination on the basis of gender identity or sexual orientation, so long as the laws do not contain sufficient indications to the contrary.”

As the ruling will impact several aspects of manufactured housing finance and selling, that CFPB rule will be our featured focus for tonight.

Before pressing on to tonight’s featured focus and for the benefit our growing numbers of new readers, a few quick evening/nightly market report insights.

  • Every business evening, MHProNews provides a bullet list of left-right news headlines from CNN and in a matter of moments, savvy professionals can see at a glance news headlines and views across the political spectrum.
  • This is a time saving and insightful way to quickly grab insights from across the left-right divide for those who are hooked on this market-nightly feature.
  • Our featured focus follows the quotable quotes, periodic political cartoons, those left-right headlines, and two of our three market summary graphics as reported at the closing bell.
  • After the featured focus, are some recent/related report links and the third manufactured housing focused stock equities graphic. There are some additional items that include the free signup for the manufactured housing industry’s x2 weekly emailed news to the most-read trade publication in our profession:

On a day that saw manufactured home connected equities broadly rise, let’s press ahead toward the insights from a veteran who believes that more is possible with the correct thinking and concerted action.

 

Quotes That Shed Light – Industry, American, Social, National Issues

CarolRothQuoteFoxInFactBigBusinessSecretlyLoveRegulationsAntiCompetitiveManySmallBusinessesNewRegulationCanPutThemOutofBusinessManufacturedHomeProNews
Both regulations and taxes are barriers for smaller firms that are more easily navigated by larger firms.

WeMustRememberThatRegardlessofColororCreedWeAreAllAmericansFirstDonaldJTrumpQuoteFoxNewsLogoMHProNewsLogo

PredictablityInLawKeyToProsperousRepublicKurtKelleyJDQuoteManufacturedHomeProNews

Headlines from left-of-center CNN

  • Here comes the hard part
  • The pandemic forced a massive remote-work experiment. Returning to the office will be even more tricky
  • Tesla and tech stocks surge, giving Wall Street whiplash
  • Analysis: Today’s stock market looks a lot like it did 20 years ago. That’s bad news for Big Tech
  • Anthony Scaramucci is dumbfounded by Republicans opposition to Biden’s rescue plan
  • Inflation isn’t the only risk in global economic recovery, experts say
  • Smart windows could be a $1 trillion industry
  • Netflix and Facebook use these smart windows instead of blinds
  • Google will stop using ‘cookies’ to track you. Why that’s such a big deal
  • Two years after a global grounding, airlines are quickly bringing 737 Max jets back into service
  • Here’s how women can close the retirement savings gap
  • GE in talks to merge its aircraft leasing unit with rival in $30 billion deal
  • Disney+ reaches a major milestone
  • BuzzFeed lays off 70 HuffPost staffers in massive ‘restructure’
  • Piers Morgan attends the 2019 British Academy Britannia Awards presented by American Airlines and Jaguar Land Rover at The Beverly Hilton Hotel on October 25, 2019 in Beverly Hills, California.
  • Piers Morgan leaving ‘Good Morning Britain’ after storming off set over his attacks on Harry and Meghan
  • FOLSOM, CALIFORNIA, USA – OCT 3, 2017: Costco wholesale warehouse shopping aisle for cheesed refrigerated items, a members only club.
  • Costco is running out of some cheeses. The reason why is complicated
  • How Covid has changed the way used cars are sold

Headlines from right-of-center Newsmax

  • Poll: Newsmax Is 2nd Most Watched by GOP, Now Beating CNN, ABC, NBC
  • Newsmax is apparently the main home for Fox News exiles, with 32% of them tuning in weekly and 20% saying they do so daily.
  • The Biden Presidency
  • Texas Gov. Abbott: WH Doing Nothing on Border Warning
  • WH Committed to Reviewing Trump Policy Decisions on Cuba
  • Rasmussen Poll: Half of US Sees Biden as Unfit to Be President
  • McCaul: Easier to Cross the Border Than Tour the Capitol
  • Devin Nunes: Stimulus Bill Has ‘Nothing to Do with Covid’
  • Defense Department Has Resumed Military’s Diversity Training
  • Joni Ernst: My Taxpayers ‘Bailing Out’ Broke Blue States
  • WH Says Biden Not Signing Stimulus Checks: ‘Not a Priority’
  • Matt Gaetz: Stimulus Package a ‘Trojan Horse’ for Socialism
  • Visa Applicants Denied Due to Trump ‘Muslim Ban’ Can Reapply
  • Gizzi: WH Tells Newsmax ‘Not Familiar’ With Turkish Businessman Hosting Biden’s Brother
  • Newsmax TV: ‘Cancel Culture’

 

  • GOP Hits House Democrats, Demands Newsmax, Networks on Capitol TVs
  • ‘Greg Kelly Reports’ Focuses on ‘Cancel Culture’
  • Piers Morgan Quits Talk Show After Comments About Meghan
  • Taylor Greene to Newsmax TV: I Get Dirty Looks All The Time
  • Unilever to Remove ‘Normal’ from Beauty Products Packaging
  • Burger King UK Tweets: ‘Women Belong in the Kitchen’
  • Marvel Film Director Dismisses Cancel Culture
  • Newsfront
  • Arkansas Governor Signs Near-Total Abortion Ban Into Law
  • Arkansas Gov. Asa Hutchinson on Tuesday signed into law legislation banning nearly all abortions in the state, a sweeping measure that supporters hope will force the U.S. Supreme Court to revisit its landmark Roe v. Wade decision but opponents vow to block before it takes….
  • Trump Call to Send Donations to PAC Threatens to Split GOP Resources
  • Former President Donald Trump’s call for supporters to donate all
  • Veteran CBS Correspondent Roger Mudd Dies at 93
  • Roger Mudd, the longtime CBS political correspondent famed for his
  • Poll: Newsmax Is 2nd Most Watched by GOP, Now Beating CNN, ABC, NBC
  • Texas Gov. Abbott: Biden White House Doing Nothing on Border Warning
  • President of Honduras Helped Smuggle Tons of Cocaine Into US: Prosecutor
  • White House Says Administration Committed to Reviewing Trump Policy Decisions on Cuba
  • Arrington to Newsmax TV: Biden, Dems Abandoning All Bipartisanship
  • LeBron James Refuses to Say If He Will Get COVID-19 Vaccine
  • Rasmussen Poll: Half of US Sees Biden as Unfit to Be President
  • Half of America doubts President Joe Biden is “physically or
  • Biden’s Dogs Sent Home From White House Following Biting Incident
  • Disney+ Tops 100 Million Users in Unprecedented Growth Run
  • Electric Vehicles: A Solution From Mars
  • Report: COVID-19 Vaccines, US Stimulus Boost World Economy Prospects
  • $926M Deal Allows Shell to Sell Oil Assets in Egypt’s Western Desert
  • Health
  • Women Report Worst Side Effects From COVID-19 Vaccines
  • More women reported side effects, even serious reactions, after getting their COVID-19 vaccines. A recent study by the Centers for Disease Control and Prevention found that 80% of the 7,000 people who reported side effects… [Full Story]
  • Study Projects Global Warming Could Make Survival in Tropics Impossible
  • School-Based Dental Program Cuts Cavities by 50 Percent
  • Study: Education Key Factor in Longevity
  • Study Reveals How Tea Helps Lower Blood Pressure

Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

Yahoo9ClosingStocksEquitiesMoneyMarketIndicators3.9.2021MHProNewsLOGO

Featured Focus –
Where Business, Politics and Investing Can Meet

CFPBClarifiesDiscriminationbyLendersBasisofSexualOrientationGenderIdentityIllegalplusManufacturedHousingInvestingStockUpdatesMHProNews

The following media release from the CFPB regarding the implementation of the Bostock decision is as follows.

FOR IMMEDIATE RELEASE:
March 9, 2021MEDIA CONTACT:
Office of Communications
Tel: (202) 435-7170CFPB CLARIFIES THAT DISCRIMINATION BY LENDERS ON THE BASIS OF SEXUAL ORIENTATION AND GENDER IDENTITY IS ILLEGAL

Industry is on notice that Bureau will not tolerate illegal discrimination against the LGBTQ+ community

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (ECOA) and Regulation B includes sexual orientation discrimination and gender identity discrimination. This prohibition also covers discrimination based on actual or perceived nonconformity with traditional sex- or gender-based stereotypes, and discrimination based on an applicant’s social or other associations.

“In issuing this interpretive rule, we’re making it clear that lenders cannot discriminate based on sexual orientation or gender identity,” said CFPB Acting Director David Uejio. “The CFPB will ensure that consumers are protected against such discrimination and provided equal opportunities in credit.”

In 2016, in response to an inquiry from Services & Advocacy for GLBT Elders, the CFPB indicated that the law supports arguments that the prohibition against sex discrimination also affords broad protection from discrimination based on an applicant’s sexual orientation and gender identity under ECOA. On June 15, 2020, the U.S. Supreme Court issued a landmark decision in Bostock v. Clayton County, Georgia, 140 S. Ct. 1731, 207 L. Ed. 2d 218 (2020), holding that the prohibition against sex discrimination in Title VII of the Civil Rights Act of 1964 encompasses sexual orientation discrimination and gender identity discrimination. On July 28, 2020, the CFPB issued a Request for Information (RFI) to solicit public comments and information to identify opportunities to prevent credit discrimination and encourage responsible innovation under ECOA and Regulation B. Among the questions posed, the CFPB asked whether the Bostock decision should affect how the CFPB interprets ECOA.

The CFPB is issuing today’s interpretive rule consistent with the Supreme Court’s Bostock decision and supported by many of the public comments received in response to the ECOA RFI. The CFPB will review its publications and examination guidance documents and, if needed, update these and other materials to reflect this interpretive rule. And, where appropriate, the CFPB will take enforcement action under ECOA to hold financial institutions accountable for their actions that violate ECOA. The CFPB also looks forward to working with Congress on the Equality Act, which, if enacted, would codify protections for consumers against sexual orientation and gender identity discrimination in all financial products and services.

To read the interpretive rule click here.

###

The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.

Related, Recent, and ‘Read-Hot’ Reports

DrJosephMercolaRevealsHistoricEvidenceInfluencingMassesThroughMediaManipulationHowThisImpactsOurAffordableHousingProfessionOthersNewsAnalysis
https://www.manufacturedhomepronews.com/dr-joseph-mercola-reveals-historic-evidence-influencing-masses-through-media-manipulation-how-this-impacts-our-affordable-housing-profession-others-news-analysis/
AmericanInstitutionalFailureAffordableHousingManufacturedHomesNewDurhamEstatesDronePicSunshineHomesInteriorPhotoManufacturedHomeProNews - Copy (2) - Copy
https://www.manufacturedhomepronews.com/american-institutional-failures-affordable-housing-and-manufactured-homes/
ConventionalHousingRisesBut7Top10ManufacturedHomeStatesReportDeclinesJanuary2021PerHUDManufacturedHousingAssocRegulatoryReformNationalDataTrendsAnalysisMHProNewsLOGO
https://www.manufacturedhomepronews.com/conventional-housing-rises-but-7-of-top-10-manufactured-home-states-report-declines-for-january-2021-per-hud-and-manufactured-housing-association-for-regulatory-reform-national-data-trends/
ExposéWorkingConsideringClaytonHomesLogoClaytonEmployeesManagersCustomersRipClaytonHomesClaytonCareersLogoRandallTerryTimWilliamsInsightsMHProNews
https://www.manufacturedhomepronews.com/expose-working-for-or-considering-joining-clayton-homes-clayton-employees-managers-customers-rip-clayton-homes-clayton-careers-randall-terry-tim-williams-insights/
MobileHomeManufacturedHomeLivingWhatsHotWhatsNotShoppingInsightsSafetyDataRepairTipsLegalControversiesMHLivingNewsLOGO
https://www.manufacturedhomelivingnews.com/manufactured-home-living-news-on-whats-hot-whats-not-shopping-insights-videos-safety-data-repair-tips-legal-and-other-controversies-more/

Manufactured Housing Industry Investments Connected Closing Equities Tickers

Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

                  • NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
                  • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
                  • NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of  the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.

 

ManufacturedHomeCommunitiesMobileHomeParksFactoriesProductionSuppliersFinanceStocksEquitiesClosingInfo3.9.2021 - Copy

Winter 2021

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.

MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.

HowardWalkerEmergenceOfTonyKovachsPublicationsProfessionalsFilledVacuumDailyBusinessNewsMHProNews-575x399

Sample Kudos over the years…

 

It is now 11+ years and counting

Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.

· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.

Disclosure. MHProNews holds no positions in the stocks in this report.

DominatingManufacturedHousingTop502020YearReviewManufacturedHomeProfessionalsNewsAnalysisMHProNews
https://www.manufacturedhomepronews.com/dominating-manufactured-housings-top-50-2020-year-in-review-by-manufactured-home-professionals-news-analysis/
SubscribeNowMHProNews
To get our x2 weekly industry-leading emailed news headlines, click here. http://eepurl.com/bl-9t5
iReportNewsTipsCommentsSendMastheadManufacturedHomeProNews
We recommend that news tips NOT use company, nonprofit or organizational emails or cell phones. To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP or COMMENTS in the subject line.

That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

TonyKovach-BrianKilmeadePhotoManufacturedHomeProNews
Notice, this photo was taken before several on Fox News took a turn away from more right-leaning reporting to more left-leaning or anti-Trump views.

By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.

LATonyKovach.

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top