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
Representatives García, Ocasio-Cortez, and Jayapal Urge Secretary Yellen to Oppose IMF Surcharge Policy
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
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.
Representatives García and Grothman Introduce Veterans and Consumers Fair Credit Act to Protect Consumers from Predatory Lending Practices
Some private equity firms use loopholes to drain resources out of companies, leaving workers and their communities in the lurch while enriching themselves.
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