U.S. Rep. Jennifer Wexton (D-VA-10) announced today that she has been appointed to the House Committee on Financial Services, one of the four exclusive House committees.
Wexton said that she’s honored to be appointed to such an influential committee.
“During my time in the Virginia State Senate, I worked to curb predatory lending practices by payday lenders and increase protections for student loan borrowers, and I look forward to continuing that work here in Congress,” she stated. “With our new majority, Democrats are fighting to protect you, your family and your money from abusive financial practices. We have real opportunities to ensure that commerce continues to thrive while consumers and vulnerable populations are protected from bad actors. I am honored to have a role in making that happen.”
The committee oversees all components of the nation’s housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities. It reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund. The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws.