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Since its establishment in 1971, the Congressional Black Caucus (CBC) has been committed to using the full Constitutional power, statutory authority, and financial resources of the federal government to ensure that African Americans and other marginalized communities in the United States have the opportunity to achieve the American Dream.
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CBC Chair Marcia L. Fudge's Statement on Senate Confirmation of Mel Watt as FHFA Director
Washington, DC,
December 10, 2013
Congressional Black Caucus Chair Marcia L. Fudge (OH-11) released the following statement on the Senate confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA).
Congressional Black Caucus Chair Marcia L. Fudge (OH-11) released the following statement on the Senate confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA): “I applaud the Senate’s confirmation of Mel Watt as FHFA Director. As he has been in his community, the House of Representatives and in the Congressional Black Caucus, Congressman Watt will be an exceptional leader of this agency, safeguarding policies that protect consumers and ensuring lender accountability. “Congressman Watt has a long history of advocating against predatory lending and the mortgage practices that caused millions of families to lose their homes. Through his leadership and with his vision for the FHFA and for this country, Watt will work to reverse the policies that have led to the disintegration of many neighborhoods across our nation. With today’s confirmation, the Senate took a critical step towards helping homeowners, and ensuring our nation stays on the path to economic recovery. “On behalf of the entire Congressional Black Caucus, I congratulate Congressman Watt and salute him for this significant accomplishment and his admirable public service career.” ### |
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