Financial Services


As a senior member of the Financial Services Committee, Rep. Gutierrez has spearheaded efforts to bring more minorities into the banking system. He also has played a prominent role in cracking down on predatory lenders, including flagrant abuses in payday lending to the military, and is leading efforts to make the costs of remittance services more transparent and to increase competition in the marketplace. 

 An amendment offered by Congressman Gutierrez in the Financial Services Committee to cap the interest on payday loans made to military families and provide them with other basic protections against abusive lenders, was signed into law in 2006.  Mr. Gutierrez is now seeking to extend those same protections to all Americans, not just the military and their families.