Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the disbandment of the U.S. House Office of Diversity and Inclusion (ODI) as a result of the recently passed 2024 spending bill. “I am deeply disappointed and disheartened by the latest decision to disband the House Office of Diversity… Read more »

This week, the National Low-Income Housing Coalition (NLIHC), honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 Policy Champion Award during their 50th anniversary celebration. During the celebration, NLIHC acknowledged Congresswoman Waters’ unwavering work and dedication in Congress to advance equity, justice, and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a Texas federal judge’s ruling that the Minority Business Development Agency, the sole federal agency that exists to promote the growth of minority-owned businesses, must now open its doors to every race. “This decision by an extremist judge in Texas,… Read more »

      In response to the ongoing legal attacks on diversity, equity and inclusion (DEI) programs and organizations, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, convened a Women’s History Month roundtable alongside Committee Democrats, including Representatives Emanuel Cleaver (D-MO), Joyce Beatty (D-OH), Sylvia Garcia… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued a statement regarding Visa Incorporated’s efforts to proactively provide the Committee with their diversity and inclusion data and practices. Last month, the Committee published a report on diversity and inclusion among large banks with more than $50 billion in assets. That report… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, released a multimedia Majority staff report entitled, “Diversity and Inclusion: Holding America’ Large Banks Accountable.” This report is part of a longstanding effort to hold financial institutions… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several hearings for the month of February: February 5 at 10:00 AM – The full Committee will convene for a hearing entitled, “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.” February 5… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, sent a letter to Jay Clayton, Chairman of the Securities and Exchange Commission (SEC), expressing concerns about the ongoing lack of ethnic and racial diversity on the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup to protect student loan borrowers, improve our broken credit reporting system, preserve and promote Minority Depository Institutions and strengthen our nation’s cybersecurity As Prepared for Delivery Today the Committee will… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions.” As Prepared for Delivery Thank you, Chairman Meeks. Minority… Read more »

Today, the U.S. House of Representatives passed H.R. 5084, the Improving Corporate Governance Through Diversity Act of 2019, a bill that requires public companies to annually disclose the voluntarily, self-identified gender, race, ethnicity, and veteran status of their board of directors, nominees, and senior executive officers. This bill was introduced by Congressman Gregory Meeks… Read more »

Following the March and April full Committee hearings to hold megabanks accountable, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, sent requests to Bank of America Corporation, Bank of New York Mellon Corporation, Citigroup… Read more »

Today, the House Financial Services Committee, held a markup of ten bills to reform the broken credit reporting system, increase diversity and inclusion efforts in the financial services sector, improve the homebuying process and preserve the affordability of rural housing. See the legislation below. H.R. 281, the Ensuring Diverse Leadership Act of 2019, a bill that would… Read more »

Today, at a full Committee hearing entitled, “Diversity in the Boardroom: Examining Proposals to Increase the Diversity of America’s Boards,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Today, this Committee convenes for a hearing on the lack of racial, ethnic and gender… Read more »

On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, sent letters to 37 bank holding companies requesting their diversity and inclusion data and policies from 2015 to the present. The letters request data on… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Carolyn Maloney (D-NY), Chairwoman of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, issued the… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, recently delivered the following remarks at the 22nd Annual Rainbow PUSH Wall Street Project Economic Summit, where she addressed issues including the racial wealth gap and the lack of diversity in asset management. As Prepared for Delivery The Rainbow PUSH Wall Street Project’s work to… Read more »

On Wednesday, the House Financial Services Committee’s Subcommittee on Diversity and Inclusion convened its first hearing, entitled “An Overview of Diversity Trends in the Financial Services Industry,” with Daniel Garcia-Diaz, Director, Financial Markets and Community Investment, U.S. Government Accountability Office. During the hearing, Congresswoman Maxine Waters (D-CA), Chairwoman… Read more »