WASHINGTON, D.C. – Today, Congresswoman Young Kim (CA-40), a member of the House Financial Services Committee, participated in a hearing titled”Beyond Silicon Valley: Expanding Capital Access Across America” with Acting Director of the Consumer Financial Protection Bureau Russell Vought.
During the hearing, Rep. Kim raised questions on the timeline for distributing Capital Magnet Fund dollars, building on her work with Treasury Secretary Bessent to release CDFI Fund resources before expiration. She also discussed her Small Dollar Loan Certainty Act and asked how the CFPB is balancing enforcement with consumer education to prevent fraud.
Watch her remarks HERE.
