![]() ![]() Discrimination against groups and individuals is covered - The prohibition does not apply just to situations where a creditor discriminates against all men or all women, categorically.Sex need not be the only cause of injury (so long as it is a "but for" cause) - For example, rejecting an applicant for being gay or transgender could relate to two causal factors, the person's sex plus the sex to which the individual is attracted or with which the individual identifies.Consideration of sex is necessarily involved in sexual orientation discrimination and gender identity discrimination - Accordingly, "it is impossible to discriminate against a person for being homosexual or transgender without discriminating against that individual based on sex ".It finds that under ECOA and Regulation B: The Interpretive Rule sets forth the CFPB's reasoning based on the Bostock opinion. ![]() According to the CFPB, a variety of stakeholders requested regulatory clarification on these issues. Soon thereafter, in July 2020, the CFPB published a request for information seeking comments on several ECOA and Regulation B issues including whether and how the Bostock decision should impact the CFPB's interpretation of ECOA's prohibition against sex-based credit discrimination. Supreme Court ruled that the prohibition against sex discrimination in Title VII of the Civil Rights Act of 1964 encompasses sexual orientation and gender identity discrimination in the employment context. It addresses stakeholders' requests for the CFPB to weigh in on such matters after the Supreme Court issued its decision in Bostock v. This Interpretive Rule will have an immediate effect once it is published in the Federal Register (not yet, as of the date of this post). Actual or perceived nonconformity with sex-based or gender-based stereotypes and.On March 9, 2021, the Consumer Financial Protection Bureau (CFPB) issued an Interpretive Rule clarifying that the Equal Credit Opportunity Act (ECOA) and Regulation B prohibit discrimination based on: ![]()
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