Financial Services
Information regarding my stance on Financial Services issues.
WASHINGTON, D.C. – Congressman Gregory W. Meeks (NY-05) and nine of his colleagues sent a letter to the Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra urging the Bureau to include payroll data in their Dodd-Frank Section 1033 open banking rules.
Washington, DC – As his first official act as Chairman of the House Subcommittee on Consumer Protection and Financial Institutions, Congressman Gregory W. Meeks introduced two bills that would provide significant financial relief to furloughed federal workers and government contractors who have gone without pay during the recent government shutdown.
WASHINGTON, D.C. – Today, U.S. Rep. Gregory W. Meeks (NY-05), Senior Member of the House Financial Services Committee, and Sen. Bob Menendez (D-NJ), a Senior Member of the Senate Banking Committee, reintroduced the Improving Corporate Governance Through Diversity Act of 2023.
QUEENS, NY - Today, Congressmen Gregory Meeks (NY-05) and Ritchie Torres (NY-15) are proud to announce that the Federal Home Loan Bank of New York (FHLBNY) can now pledge mortgage collateral using VantageScore 4.0 credit scores, which considers rental payments and other data points that are not included in traditional scoring models – expanding the number of diverse and creditworthy mortgage applicants and creating more opportunities across the region to help narrow the racial homeownership gap.
As a senior member of the House Financial Services Committee, I have long fought for a financial system that is fair, resilient, and inclusive. I am committed to ensuring all Americans, especially those in historically underserved communities, can access capital, credit, investment opportunities, and financial tools to build wealth.
| ICYMI This Week: Rep. Meeks Advocates for Stablecoin Regulations and Calls out Trump Administration for Cuts to HHS |
Congressman Meeks Advocates for Regulations on Stablecoin during Financial Services Committee Markup Hearing |
Washington, D.C. – Today, U.S. Reps. Gregory W. Meeks (NY-05) and Nydia Velázquez (NY-07) reintroduced the Habitable Housing Conversion Pilot Program of 2026 or the "Basement Bill." The measure would establish a 5-year pilot program to provide grants for homeowners to transform their basements into safe apartment units. Converting underused basement space allows homeowners to offset rising costs through rental income while expanding much-needed housing options for low-to-moderate income earners.