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
Chicago, IL - As the Federal Reserve hires BlackRock, the world's largest asset manager, to oversee some of its programs designed to stabilize the economy during the COVID-19 pandemic, Representatives Jesús "Chuy" García (IL-04), Rashida Tlaib (MI-13) and Ayanna Pressley (MA-07) sent a letter to Treasury Secretary Mnuchin and Federal Reserve Chairman Powell to demand acc
Washington, DC - Today Representatives Jesús "Chuy" García (IL-04), Jan Schakowsky (IL-09) and Mark Takano (CA-41) introduced the Robust International Response to Pandemic Act.
Washington, DC - Today Congressman Jesús "Chuy" García (IL-04) and Congresswoman Katie Porter (CA-45) introduced the Systemic Risk Mitigation Act.
Chicago, IL- Representatives Jesús "Chuy' García (IL-04), Sylvia Garcia (TX-29), Danny Davis (IL-07), and 21 other Members of Congress sent a letter to the Small Business Administration (SBA) and the Department of the Treasury urging them to issue final guidance for the Paycheck Protection Program (PPP) and to conduct proactive outreach in underserved and minority communities.
Chicago, IL - Today, Representatives Jesús "Chuy" García (IL-04), Gwen Moore (WI-04), Gil Cisneros (CA-39), and Jackie Speier (CA-14) along with 32 Members of Congress urged leaders in the House and Senate to consider providing grants and direct cash in addition to loans to small businesses negatively impacted by COVID-19.
Chicago, IL. - Representatives Jesύs "Chuy" García (IL-04), William Lacy Clay (MO-01) and Rashida Tlaib (MI-13) led 70 Members of Congress in urging the major credit reporting agencies to stop rating adverse credit events such as missed medical bills, credit card payments and rent and mortgage payments until the COVID-19 public health emergency has passed.
Chicago, IL - Representatives Jesús "Chuy" García (IL-04), Mark Pocan (WI-02), and Pramila Jayapal (WA-07) led 74 Members of Congress in sending a letter to the country's largest home mortgage lenders calling on them to halt all foreclosure proceedings until the COVID-19 (Coronavirus) health pandemic has passed.