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
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:
Washington, DC - This week, Congressman Jesús “Chuy” García (IL-04), Congresswoman Rashida Tlaib (MI-13), and Chairman of Task Force on Financial Technology Rep.
Chicago, IL — Today Representatives Jesús “Chuy” García (IL-04), Pramila Jayapal (WA-07), and 9 other Members of Congress sent a letter to the Department of Justice (DOJ) urging the agency to strengthen its bank merger review guidelines. The DOJ is currently accepting public comments on its guidelines, which were developed more than twenty years ago.