Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump’s latest move to launch a meme coin. “On January 17, 2025, just days before his inauguration, President Trump launched the so-called ‘TRUMP MEME’ crypto token ($TRUMP) and reportedly increased his personal wealth 10-fold from unknown buyers around... Read More »

As wildfires continue to spread across Los Angeles County, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congressman Brad Sherman (D-CA), reintroduced the Wildfire Insurance Coverage Study Act. This bill, which passed the Committee with overwhelming bipartisan support last Congress, would require the Government Accountability Office (GAO)... Read More »

As President-elect Trump prepares to take office, one of his top priorities is to fund tax breaks for wealthy corporations and billionaires by gutting or eliminating critical government programs and services for Americans. To lead the charge, he’s tapped his co-President and the richest man on the planet, Elon Musk. Musk has relentlessly targeted agencies critical to a functioning economy, includi... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued a fact sheet with additional resources for families and individuals affected by the Los Angeles County wildfires. Congresswoman Waters will continue to share relevant updates as needed. Households can access real-time updates on available resources through the Committee Democrats’ webpage ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued a fact sheet with resources for families and individuals affected by the Los Angeles County wildfires. Congresswoman Waters will continue to share relevant updates as needed. Households can access real-time updates on available resources through the Committee Democrats’ webpage which can b... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following Michael Barr’s announcement that he planned to step down from his leadership role as Vice Chair of Supervision of the Board of Governors of the Federal Reserve System (Fed) following reports that Trump’s advisers were weighing the decision to demote him. Vice Cha... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s (CFPB) rule that will prohibit medical debt from being included in a consumer’s credit report used by a lender and prohibit lenders from using medical information in their lending decisions. “I applaud the Consumer Finan... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected by the House Democratic Steering and Policy Committee to serve on the House Financial Services Committee. “I am pleased to welcome both new and returning Members of Congress to the House Financial Services Committee,” said Ranking Memb... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the U.S. Department of Housing and Urban Development’s (HUD) Annual Homelessness Assessment Report estimating that the United States saw an 18.1% increase in homelessness in 2024, driven by the worsening affordable housing crisis. “I am deeply disappointed to lea... Read More »

In response to Elon Musk’s post on X (formerly Twitter) falsely claiming that the Federal Reserve (“the Fed”), the independent central bank in charge of protecting the entire United States economy, is “absurdly overstaffed,” Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this fact sheet to educate him and the public on what the Federal Reserv... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, introduced H.R. 10542, the Employee Paycheck and Small Business Protection Act. This bill proposes to update the deposit insurance framework for business payment accounts to ensure small businesses can bank with community financial institutions and continue to pay their employees, even if their b... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the reintroduction of H.R. 10509, the Comprehensive Debt Collection Improvement Act, legislation to better protect consumers from abusive and unfair debt collection practices. Today, individuals and families are struggling with medical debt, student loan debt, and other debts. Meanwhile... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the reintroduction of two pieces of legislation. The first bill H.R. 10511, the Expanding Financial Access for Underserved Communities Act is aimed at helping provide financial access to consumers that reside in banking deserts, and the second H.R. 10510, the Central Liquidity Facility ... Read More »

Today, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA,) and Congresswoman Lisa Blunt Rochester (D-DE) introduced H.R. 10465, the Know Who Owns Your Home Act, legislation to empower renters, landlords and local governments with critical information and data on the conditions and ownership of rental properties. Despite more than 35% of U.S. households b... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the Consumer Financial Protection Bureau’s (CFPB) final rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. “I applaud the Consumer Financial Protection Bureau, led by Director Rohit Chopra, for this latest action... Read More »