More on Financial Services

Historic Financial Reform Legislation Passes House

This evening, the House approved the conference committee report for the most sweeping financial reform legislation to pass Congress in over 70 years. On a vote of 237 to 192, the House sent the conference report on H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act to the Senate for its approval, the final stop before the President's desk.

Rep. Gutierrez: Statement on Financial Reform Conference Meeting

Rep. Luis V. Gutierrez (D-IL-4), Chairman of the House Financial Institutions and Consumer Credit Subcommittee, was the original author of the amendment that added the pre-funded or ex-ante fund to the House version of the Wall Street reform bill (H.R. 4173). He also fought for a ex-ante fund in conference.

"A Major Victory For 'The Millions Who Send Billions'" - Remittance Consumer Protections In Wall Street Reform Bill

Today, Rep. Luis V. Gutierrez (D-IL-4), Chairman of the House Subcommittee on Financial Institutions and Consumer Credit and a conferee on the Wall Street reform bill, declared that a significant and hard-fought victory for consumers, especially immigrant consumers, was included in the final conference report on the Wall Street reform bill.

Rep. Gutierrez Urges Colleagues to Include Strong Volcker Rule in Wall Street Reform Bill

I am a strong supporter of the “Volcker Rule” and I urge my colleagues to support it and make it part of the bill. Banks who benefit from subsidized funds - whether they borrow them from the Fed or simply are allowed to take insured deposits- shouldn’t engage in proprietary trading.

Rep. Gutierrez Disillusioned by Dissolution Fund Compromise

Rep. Luis V. Gutierrez (D-IL-4), Chairman of the House Subcommittee on Financial Institutions and Consumer Credit and a conferee on the Wall Street reform bill, today expressed his disappointment at the latest tentative agreement on the bank dissolution or funeral fund.

Rep. Gutierrez Vows to Keep Fighting for Consumers Seeking Auto Dealer Car Loans

Today, Rep. Luis V. Gutierrez (D-IL-4) offered an amendment to the Wall Street reform bill being deliberated in a House-Senate conference committee that would extend the protections of a new Consumer Financial Protection Bureau (CFPB) to consumers who get their auto loans from auto dealers.

Time for Wall Street to Ex Ante Up!

Durbin and Gutierrez Vow to Restore Fairness to Electronic Payment System

Chicago, IL – As the U.S. House of Representatives and U.S. Senate begin ironing out the differences in their respective Wall Street reform bills, U.S. Representative Luis Gutierrez today announced his support for an amendment authored by U.S. Senator Dick Durbin to help reduce the interchange or “swipe” fees that small businesses pay on every credit and debit card sale.

Protecting the Little Guys from the Fat Cats: Gutierrez Vows Defense of Consumer Protections in Wall Street Reform Bill

(Washington, DC) – Today, Rep. Luis V. Gutierrez (D-IL), Chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, was named to the conference committee charged with negotiating the final House/Senate compromise Wall Street reform bill.

Gutierrez Pledges to Guard Consumer and Taxpayer Protections in Wall Street Reform Bill From The "Big Bank Barbarians"

Rep. Luis V. Gutierrez (D-IL), Chair of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, was joined by Rep. Keith Ellison (D-MN) and Rep. Peter Welch (D-VT) at a press conference Thursday to discuss how key consumer and taxpayer protections passed by the House have been watered down in the Senate bill