Congressman Steve Cohen

Representing the 9th District of Tennessee

Financial Services and Banking

In light of the Great Recession of 2008, during which Memphis and the nation suffered an unprecedented foreclosure crisis in large part due to unfair, under-regulated and predatory mortgage lending practices, Congressman Cohen strongly supports efforts to prevent future foreclosure crises and dangerous housing market practices.

During the years preceding the mortgage crisis, too many mortgages were made to consumers without regard to the consumer’s ability to repay the loans. Loose underwriting practices by some creditors contributed to a mortgage crisis that led to the nation’s most serious recession since the Great Depression.

Congressman Cohen voted for the Dodd-Frank Act, signed into law in 2010 by President Barack Obama, to reform the U.S. financial industry in order to prevent a recurrence of the 2008 market crash, and continues to oppose efforts to reverse the protections put into the law as a result of the Dodd-Frank Act.


More on Financial Services and Banking

October 27, 2017 Enewsletters

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October 13, 2017 Enewsletters

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September 29, 2017 Enewsletters

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September 22, 2017 Enewsletters

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September 20, 2017 Enewsletters

Dear Constituent,

On September 7, the consumer credit reporting agency Equifax disclosed a data breach from earlier this year that compromised the personal information of 143 million Americans. All 9th District residents should take precautionary measures to ensure their financial security. 

September 20, 2017 Press Release

WASHINGTON – U.S. Senators Dick Durbin (D-IL) and Jeff Merkley (D-OR) were joined by U.S. Representatives Matt Cartwright (D-PA-17) and Steve Cohen (D-TN-09) in introducing the bicameral Protecting Consumers from Unreasonable Credit Rates Act, legislation that would eliminate the excessive rates and fees that many consumers are charged for payday loans, car title loans, and other types of credit. 

July 19, 2017 In The News

A group of liberal House Democrats stepped up criticism of President Trump on Wednesday, introducing a “no confidence” resolution that officially questions Trump’s fitness to serve as commander in chief.

It logs a laundry list of controversies swirling around the president — including his campaign’s many contacts with Russian officials, his refusal to release his taxes, his verbal attacks on women and the press, and his firing of FBI Director James Comey.

July 19, 2017 Press Release

[WASHINGTON, DC] – Congressman Steve Cohen (TN-09), Ranking Member of the House Judiciary Subcommittee on the Constitution and Civil Justice, today introduced a Resolution of No Confidence in President Donald J. Trump. The resolution details President Trump’s unacceptable behavior as President and expresses a lack of confidence in his service. A copy of the resolution can be found here.

April 22, 2016 Enewsletters

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April 20, 2016 Press Release

[WASHINGTON, DC] – Congressman Steve Cohen (TN-09) today reintroduced The Fair Access to Credit Scores Act of 2016, which would include a reliable, accurate credit score with the free annual credit reports available to consumers by the Fair Credit Reporting Act. April is National Financial Literacy Month.