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.
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Chicago, IL—Congressman Jesús "Chuy" García issued the following statement in response to President Trump's decision to cut assistance to the Central American countries in the Northern Triangle and his threats to close the border with Mexico.
"President Trump's decision to cut direct assistance to Honduras, Guatemala and El Salvador and his threats to close the border with Mexico demonstrate his disregard for our neighbors in the region, and his ignorance about the domestic impacts that our foreign policy decisions have.
Washington, DC- Today during a hearing of the Committee on Financial Services entitled "Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau," Congressman Jesús "Chuy" García (IL-04) pressed the Director of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger, to commit to gaining a fuller understanding of the growing student debt problem, particularly in communities of color.
Washington, DC- Yesterday, the Committee on Financial Services convened the hearing entitled, "Homelessness in America: Examining the Crisis and Solutions to End Homelessness."
According to the U.S. Department of Housing and Urban Development's Annual Homeless Assessment Report, there were 552,830 people experiencing homelessness in the United States on a single night in 2018. Racial minorities are disproportionately represented among people experiencing homelessness in 2018.
Washington, D.C.- Congressman Jesús "Chuy" García (IL-04) released the following statement after his appointment to the House Financial Services and Transportation and Infrastructure Committees: