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

January 10, 2022 Press Release

Representatives García, Ocasio-Cortez, and Jayapal Urge Secretary Yellen to Oppose IMF Surcharge Policy

 

December 13, 2021 Press Release

Reps. García, Ocasio-Cortez, Pressley, Tlaib, and Jones Applaud FDIC’s Review of Bank Merger Practices, Condemn Chair McWilliams’ Illegal Attempt to Void Board Decision

November 19, 2021 Press Release

Congressman García Votes to Pass the Build Back Better Act

The bill makes transformative investments in affordable health care, child care, and housing;

tackles the climate crisis; and provides lasting protections for immigrants.

November 17, 2021 Press Release

Representatives García and Grothman Introduce Veterans and Consumers Fair Credit Act to Protect Consumers from Predatory Lending Practices

 

November 14, 2021 In The News

Some private equity firms use loopholes to drain resources out of companies, leaving workers and their communities in the lurch while enriching themselves.

September 30, 2021 Press Release

Rep. Chuy García & Senator Elizabeth Warren Introduce Bank Merger Review Modernization Act to End Rubber Stamping of Bank Merger Applications 

Of the 3,819 bank merger applications the Fed received between 2006 and 2017, it did not decline a single one

Bicameral legislation would require bank regulators to seriously consider how the merger affects consumers and communities and whether it presents risks to financial stability