Financial Services

The great recession of 2008 led to an unprecedented foreclosure crisis that was precipitated in large part due to unfair, under-regulated, and predatory mortgage lending practices.

Chicago, like so many areas across the US, was devastated by the crisis: millions of families lost their savings and their homes.

As a member of the House Financial Services Committee, I am committed to ensuring that working families get a fair shake, that we expand opportunities to build and access credit, and that the policy missteps that led to the Great Recession of 2008 are never repeated.

More on Financial Services

July 9, 2021 Press Release

WASHINGTON, DC- Congressman Jesús “Chuy” García (IL-04), a member of the House Financial Services and Transportation & Infrastructure Committees, issued the following statement on President Biden’s Executive Order on promoting competition and empowering consumers: 

June 24, 2021 Press Release

WASHINGTON, D.C. -- Today the House of Representatives approved S.J.Res. 15, the Senate companion of a resolution sponsored by Congressman Jesús “Chuy'' García (IL-04), a member of the House Financial Services Committee, to repeal the so-called “True Lender” rule issued by the Office of the Comptroller of the Currency (OCC), by a bipartisan vote of 218-208. This Trump-era rule allows predatory lenders to partner with banks in “rent-a-bank” schemes to undermine state laws that protect consumers from high interest loans.

March 26, 2021 Press Release

WASHINGTON, D.C. – Today, Congressman Jesús “Chuy” Garcia (IL-04), member of the House Financial Services Committee, joined U.S. Senator Chris Van Hollen (D-Md), a member of the U.S.

January 15, 2021 Press Release

Washington, D.C.  This week Congressman Jesús “Chuy” García (IL-04) was reappointed to serve on the Financial Services, Transportation & Infrastructure, and Natural Resources Committees for the 117th Congress. Congressman García issued the following statement: