by Jeff Sovern.
During the last Congress, when the House Financial Services Committee was led by Representative Maxine Waters, the Committee included a subcommittee named Consumer Protection and Financial Institutions. Alas, it is no more. It has evidently been replaced by the Subcommittee on Financial Institutions and Monetary Policy now that Representative McHenry is the committee’s chair. Perhaps the change in name reflects a change in who is perceived as needing more attention from Congress. Representative McHenry has also eliminated the Subcommittee on Diversity and Inclusion, distributing its functions among the other subcommittees.