State Rep. Diana Farrington, of Utica, has been tapped to lead the House Financial Services Committee for the 2019-20 legislative term.

Committee chair announcements were made today by Speaker of the House Lee Chatfield. Farrington previously chaired the House Financial Services Committee during the 2017-18 legislative term.

“There was good work done over the past two years to help Michigan stay on the cutting edge in the financial sector, and it’s exciting to continue on with this position,” Farrington said. “Almost all of the legislation taken up and advanced by the committee was done so in a bipartisan fashion, so I look forward to continuing this constructive precedent with the committee’s new members this term.”

The House Financial Services Committee is responsible for deliberating on issues such as the regulation of banks, credit unions, payday lenders and mortgage lenders. Under Farrington’s leadership, the panel approved several proposals bolstering safeguards for consumers – including fair benefit service practices to protect veterans, as well as data breach notification and disclosure requirements.

Farrington will also serve on House Committees on Regulatory Reform, Tax Policy and Judiciary during the new term.