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Motley Fool Hidden Gems Investing

Housing Trends w/ Trex CEO Bryan Fairbanks

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 15 September 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

Regulators take a closer look at buy-now, pay-later companies. (0:21) Bill Mann discusses: - The Consumer Financial Protection Bureau announcing plans to oversee BNPL businesses like Affirm Holdings - Why this is not an example of government overreach    - His very recent trip to eastern Europe and the current state of energy access in the region (13:30) Deidre Woollard interviews Trex CEO Bryan Fairbanks in front of a live audience and discusses the "public spaces" part of Trex's business, and what gets Fairbanks excited to go to work every day. If you're a member of any Motley Fool service, you can access the entire interview with Bryan Fairbanks here: https://www.fool.com/premium/live/video/4056/coverage/2022/08/31/the-global-supply-chain-and-housing-trends-with-tr/   Stocks mentioned: PYPL, SQ, AFRM, TREX, HD, LOW Host: Chris Hill Guests: Bill Mann, Deidre Woollard, Bryan Fairbanks Engineers: Dan Boyd, Austin Morgan Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We've got some boots on the ground research from Eastern Europe and we've got a conversation

0:09.7

with Trek CEO Brian Fairbanks.

0:12.3

Motley Fool Money starts now.

0:14.8

I'm Chris Hellen and I'm joined by Motley Fool's Senior Analyst Bill Mann.

0:24.0

Thanks for being here.

0:25.0

Hey Chris, how are you?

0:27.0

I'm doing alright.

0:28.5

I'm doing alright.

0:30.0

I want to talk about energy in Europe in a minute, which is something we talked about the

0:34.1

last time you were on the show.

0:36.6

But let's start with the buy now pay later businesses.

0:40.4

And as a refresher, late last year, the Consumer Financial Protection Bureau opened an inquiry

0:47.1

into buy now pay later businesses.

0:50.4

And the inquiry appears to be over because today, the Bureau said it plans to subject

0:56.7

buy now pay later companies to the same oversight as credit card companies.

1:04.1

And you tell me what all this means because from a stock perspective, it's not like these

1:11.6

businesses that I'm looking specifically at firm holdings PayPal, which has some exposure

1:18.0

to buy now pay later, and block the company formerly known as Square.

1:23.6

It's not like these stocks are getting hit today.

1:26.5

No, I think this was probably pretty much expected.

1:30.3

So the Consumer Financial Protection Bureau basically said that there are various areas

1:36.9

of potential consumer harm, including things like loan stacking, which is debtors laying

...

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