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 »
Today, Congresswoman Maxine Waters (D-CA) was re-selected unanimously by the Democratic Caucus to serve as the top Democrat, or Ranking Member, of the House Committee on Financial Services for the 119th Congress. This Committee oversees all components of the nation’s housing and financial services sector, including banking, insurance, real estate, public and assisted housing, and securities. Ranki... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the passage of four bipartisan bills under suspensions of the rules, including measures to promote housing production and honor iconic figures like Shirley Chisholm, Roberto Clemente, and Holocaust heroes. This is a procedure often used on the House floor to act expeditiously on legisla... 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) latest proposal to regulate data brokers, which hold massive amounts of personal information on millions of consumers. If finalized, this rule will ensure data brokers follow longstanding privacy rules under the F... 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, “Innovation Revolution: How Technology is Shaping the Future of Finance.” Good morning. I’d like to welcome our witnesses to the Committee today for this important discussion around the future of finance. But befo... Read More »
Ahead of a hearing to examine how technology is shaping the future of finance, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA) and Chairman Patrick McHenry (R-NC), introduced two bipartisan measures highlighting the impact of artificial intelligence (AI) on the financial services and housing industries. Ranking Member Waters introduced a bill, cospons... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of a bill to increase transparency in Artificial Intelligence technology (AI). This bill requires relevant banking and market regulators to study and review the current data labeling practices on tools, products, and services that use AI and make recommendations based o... 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 latest action to supervise widely used payment apps provided by Big Tech and other nonbank companies and ensure they are held accountable for protecting personal data, responding to fraud, and stopping illegal “debanking... 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, “Oversight of Prudential Regulators.” Thank you very much Mr. Chairman. Vice Chair Barr, Chair Grueneberg, Chair Harper and Acting Comptroller Hsu, I want to thank each of you and all of your hardworking governmen... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Speaker Mike Johnson (R-LA) and Democratic Leader Hakeem Jeffries (D-NY), urging the House to take swift action to support the disaster recovery efforts through the National Flood Insurance Program (NFIP) for families and communities affected by Hurricanes Helene and Milton, two ... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Federal Emergency Management Agency’s (FEMA) latest action to implement Grimm-Waters Act requirements to offer policyholders the option to pay their annual flood insurance premiums in monthly installments under the National Flood Insurance Program (NFIP). “Af... Read More »
