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
García, Bonamici Introduce Legislation to Protect Manufactured Homebuyers from Predatory Practices
WASHINGTON, DC — Earlier this month, Congressman Jesús “Chuy” García (IL-04), and Congresswoman Suzanne Bonamici (OR-01) introduced legislation to protect manufactured homebuyers from predatory practices.
Rep. García and 11 Members of Congress Urge Secretary Blinken to Support Guatemala Land Defenders Against Illegal Mining Project
Rep. García y 11 Miembros del Congreso Instan al Secretario Blinken a Apoyar Proyecto de Defensores de la Tierra de Guatemala contra Proyecto de Minería Ilegal
Rep. García’s Bipartisan Legislation to Prevent Tech Companies and other Retailers to Act Like Unregulated Banks Passes in Committee
The Close the ILC Loophole Act will help keep our financial system safe and secure
Reps. García, Porter, Sen. Warren Call on OCC to Scrutinize TD Bank’s Proposed Merger Following Reports of Unchecked Consumer Fraud and Abuse
“As TD Bank seeks approval from your agency…to become the sixth-largest bank in the U.S., the OCC should closely examine any ongoing wrongdoing and block any merger until TD Bank is held responsible for its abusive practices.”
U.S. House of Representatives Passes García’s Bill to Suspend Ukraine’s International Debt Payments
The country – reeling from the Russia invasion – owes a total of $22 billion to the IMF, World Bank and other international financial institutions.
By Advocate Andy
The groups released a letter calling on Congress to pass bipartisan legislation sponsored by Rep. Chuy Garcia (D-IL) and Lance Gooden (R-TX) that would close what is known as the "ILC loophole."