On the recordMay 22, 2019
Madam Chair, I yield myself such time as I may consume. Madam Chair, I would like to thank Congresswoman Waters for her incredible work and leadership on this bill, which will help restore trust in Federal consumer protections and ensure those protections extend to all communities. I also thank my colleague, Representative Golden, for cosponsoring my amendment. This amendment would direct CFPB to include representatives of military- and veteran-serving financial institutions in their advisory committees. There are over 18 million veterans in America today and nearly 3 million Department of Defense employees. Many in these communities choose to bank with financial institutions that cater to their unique needs. These over 20 million Americans deserve a voice at the CFPB from technical experts who know how to best serve our veterans and military. We know that many military members pick a financial institution and stick with it. That is because these organizations have the skills and experience to help servicemembers with challenging circumstances, like frequent moves and deployments, that the average civilian customer won't face. These organizations help support our veterans and military at critical life moments, providing early capital to help start a business, helping finance a new home, and even partnering with educational institutions to provide technical assistance to veteran entrepreneurs.…





