Share your CFPB story HERE. The Consumer Financial Protection Bureau (CFPB) was created following the 2008 financial crisis. Since then, the agency has done exceptional work to protect working-class families and consumers from illegal junk fees, scams, fraud and other forms of abuse at the hands of big banks and predatory lenders. As a result, the CFPB has returned an astounding $21 billion to Ame... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to reports regarding the Trump Administration’s plans, alongside the unofficial Department of Government Efficiency (“DOGE”), to eliminate at least 50% of staff at the U.S. Department of Housing and Urban Development (HUD). “I am not surprised to see r... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led key House Members in a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought, demanding answers regarding the agency’s compliance with the Trump Administration’s recent executive order directing federal agencies to dismantle all Diversity, Equity, Inclusion, and... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led key House Democrats, including Congresswoman Nydia M. Velázquez (D-NY), Congressman Al Green (D-TX), Congressman Emanuel Cleaver, II (D-MO), Congresswoman Joyce Beatty (D-OH), Congresswoman Rashida Tlaib (D-MI), Congresswoman Sylvia Garcia (D-TX), Congressman Cleo Fields (D-LA), Congressman Da... Read More »
In light of Elon Musk and his Department of Government Efficiency (DOGE) team’s rapid and illegal takeover of multiple federal agencies today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Brad Sherman (D-CA), Ranking Member on the Subcommittee on Capital Markets, sent a letter to U.S. Securities and Exchange Commission (SEC) Acting... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Committee on Banking, Housing, and Urban Affairs sent a letter to banking regulators, including the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit Union Admin... Read More »
In light of recent and illegal actions taken by the Trump Administration and Elon Musk to eliminate the Consumer Financial Protection Bureau (CFPB), today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Chairman French Hill (R-AK) urging the Chair to immediately convene a hearing with CFPB Acting Director Russell Vought on the agenc... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report.” Good morning, everyone. Welcome, Chair Powell. Our country is on the precipice of an economic disaster unlike any we’ve seen in recent memory. While Trum... Read More »
“The Trump Administration has effectively fired the financial cop on the beat and declared open season for predatory lenders and scam artists working to steal Americans’ money and threaten their financial security.” “We beat back all prior efforts to gut this agency, and we will fight this latest attack in Congress, the courts, and the public. It will fail.” Text of Letter (PDF) Congresswoman Maxi... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congressman Bill Foster (D-IL), the Ranking Member on the Subcommittee on Financial Institutions, sent a letter to the Acting Director of the Consumer Financial Protection Bureau (CFPB), Russell Vought, sounding the alarm on his recent request of $0 from the Fed to fund the CFPB’s operations f... Read More »
This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, joined Democratic Members of Congress, consumer advocates, and Consumer Financial Protection Bureau (CFPB) staff outside the agency’s headquarters to demand answers following Elon Musk’s recent takeover of the agency. Over the past five days Trump, Acting Director Vought, and co-President El... Read More »
“The Federal Reserve Board should refrain from weakening the stress testing framework and vigorously defend its clear legality in court.” “The changes sought by big banks…will come back to haunt families, small businesses, and the economy, increasing the likelihood of another Wall Street-driven economic collapse.” PDF of the Letter Congresswoman Maxine Waters (D-CA), Ranking Member of the House Co... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to the Department of Housing and Urban Development (HUD) Secretary Scott Turner’s decision to suspend enforcement of HUD’s 2016 rule entitled “Equal Access in Accordance With an Individual’s Gender Identity in Community Planning and Development Programs,... Read More »
Today, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA) and Chairman French Hill (R-AR), issued the following statement after hosting a bipartisan California Wildfires Roundtable: “The Committee held a productive, bipartisan roundtable discussion on the devastating California wildfires where Members heard about the impacts of the disaster and came toge... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed six bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 975, the “Credit Union Board Modernization... Read More »
