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ICYMI: Ranking Member Waters, Committee Democrats Host Roundtable with Fearless Fund, Angela Rye, Civil Rights Experts to Discuss Extremist Attacks on DEI

| Posted in Press Releases

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 (D-TX), and Nikema Williams (D-GA...

Ranking Member Waters Urges Rejection of IFC Management Action Plan Due to Lack of Compensation for Sexual Abuse Survivors at Bridge Academy Schools in Kenya

| Posted in Press Releases

As the executive board of the International Finance Corporation (IFC) – the World Bank’s private sector investment arm – prepares to allow passage of a Management Action Plan (MAP) today in response to reports of child sexual abuse at schools operated by Bridge International Academies (Bridge) in Kenya, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee,...

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Big Tech: “I Have Long Raised Concerns About Big Tech’s Expansion into Financial Services and I Am Pleased That the CFPB is Finally Taking Action to Oversee These Companies”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled, “Bureaucratic Overreach or Consumer Protection? Examining the CFPB's Latest Action to Restrict Competition in Payments.” Thank you very much Mr. Chair. I have long ...

Maxine Waters, Ranking Member, Statement on HUD Secretary Fudge’s Retirement

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Housing and Urban Development (HUD) Secretary, Marcia Fudge, will be stepping down as HUD Secretary and retiring this month. “Our country has benefited immensely from Secretary Fudge’s leadership at the helm of HUD, fighting to address our nation’s wors...

ICYMI: Ranking Member Waters, House Democrats, Housing Advocates Sound Alarm on Affordable Housing Crisis Ahead of State of the Union

| Posted in Press Releases

Yesterday, ahead of President Biden’s State of the Union address, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, along with Representatives Emanuel Cleaver (D-MO), Brad Sherman (D-CA), Steven Horsford (D-NV), Rashida Tlaib (D-MI), Wiley Nickel (D-NC), Brittany Pettersen (D-CO), Jonathan Jackson (D-IL), and dozens of national housing advocates hoste...

Ranking Member Waters on House Floor: “...We Simply Cannot Talk About the State of Our Union Without Talking About the State of Housing in This Country.”

| Posted in Press Releases

This morning, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to sound the alarm on our nation's growing housing and homelessness crisis and encourage the Biden administration to commit to addressing this crisis and highlighting it as a major priority in his State of the Union address. Thank you, Mr. Speaker. In less than 12 h...

Ranking Member Waters’ Statement on SEC’s Climate Disclosure Rule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Securities and Exchange Commission's (SEC) latest approval of the agency’s climate disclosure rule. This rule directs public companies to disclose key details about their role in driving climate change and the threat that warming poses to their operations, bu...

Maxine Waters, Ranking Member, Applauds CFPB’s Rule to Limit Credit Card Late Fees

| Posted in Press Releases

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) finalized rule to cut excessive credit card late fees, and reduce the typical fee from $32 to $8. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to protecting con...

Ranking Member Waters Blasts GOP “Access to Fraud Act” on House Floor: “…A Bill That Would Cause Significant, Long-Term Harm to Both Small Businesses Trying to Raise Money, and Mom and Pop Investors Trying to Save for Their Retirements.”

| Posted in Press Releases

This evening, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 2799, the “Expanding Access to Fraud Act,” which is a Republican-led bill that would allow fraud and financial abuse to proliferate within our capital markets and raise costs on small businesses. As prepared for delivery Chair, I rise today in strong ...

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing with Fed Chair Powell: “As House Republicans Continue to Disappoint, Committee Democrats are Offering Evidenced-Based Solutions to Keep a Fair and Affordable Housing Agenda as the Top Priority in Congress.”

| Posted in Press Releases

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.” Thank you very much Mr. Chairman. Good morning, everyone. Welcome back Chair Powell. While I am pleased by the progress the Fed and the Biden Administrat...

Maxine Waters, Ranking Member, Announces Passage of Bipartisan Legislation During Full Committee Markup, Urges Republicans to Support Historic Legislation to End Housing and Homelessness Crisis

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during today’s full Committee markup. The “Wildfire Insurance Coverage Act” led by Ranking Member Maxine Waters (D-CA). This bill would require the Government Accountability Office (GAO) to conduct a study assessing the dange...

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Markup: “Republicans Are Proposing Bills That Prove They Are All Talk When It Comes to Combatting Our Nation’s Worsening Affordable Housing and Homelessness Crisis.”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Thank you very much, Mr. Chairman. Good morning. Today, this Committee is marking up five bills, including my bill, as you just mentioned the “Wildfire Insurance Coverage Study Act.” Climate change is making wildfires much more...

Ranking Member Waters Leads 15 Committee Democrats in Urging Banking Regulators to Quickly Revamp Bank Merger Review Procedures Following Proposed Capital One Merger with Discover

| Posted in Press Releases

Following Capital One’s recent announcement that they plan to purchase Discover, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 15 House Democrats in a letter urging the U.S. Department of Justice and our nation’s banking regulators, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation,...

Maxine Waters, Ranking Member, Opposes Capital One’s Proposed Purchase of Discover

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Capital One Financial Corporation is proposing to purchase Discover Financial Services for $35 billion. “I am deeply opposed to Capital One’s announced acquisition of Discover. This merger, which involves two of the country’s largest banks and credit ca...

ICYMI: Ranking Member Maxine Waters Honored with 2024 Trailblazer Award for Advancing Diversity and Inclusion in Financial Services

| Posted in Press Releases

This week, Congresswoman Maxine Waters (D-CA), the top Democrat of the House Financial Services Committee, was recognized with the 2024 Trailblazer Award by the Financial Services Professionals organization. This prestigious award acknowledges Members of Congress who have demonstrated exceptional dedication to fostering the advancement of Black professionals within the financial services sector. ...

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