In recent weeks, Trump took his assault on small businesses another step further by signing an Executive Order to gut the Community Development Financial Institutions Fund (CDFI Fund). For 30 years, CDFIs have stepped up to the plate to provide needed support for consumers and small businesses in rural, native, suburban, and urban communities. This Executive Order will have a massive impact, as th... 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, “Beyond Silicon Valley: Expanding Access to Capital Across America.” Good morning. Thank you very much, Mr. Hill. Before I begin, I want to comment about the outrageous national security breach reported yesterday.... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement on the passing of Quincy Enoch: “I was deeply saddened to learn of the passing of Quincy Enoch. For over a decade, Quincy worked with Committee Democrats, representing the ideas and positions of his clients with fairness, intelligence, and humor. However, Quincy w... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought in response to his March 12 directive ordering CFPB staff to halt all work related to Diversity, Equity, and Inclusion (DEI). In the letter, Congresswoman Waters condemns Vought’s orders to stop work invol... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced Congressman Sean Casten (D-IL), as the Vice Ranking Member on the Committee. “I am pleased to announce that Congressman Sean Casten will serve as Vice Ranking Member on the House Financial Services Committee for the 119th Congress. For many years, Committee Democrats have benefited grea... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Representatives Brad Sherman (D-CA) – the Ranking Member on the Subcommittee on Capital Markets – Bill Foster (D-IL), Sean Casten (D-IL), and Juan Vargas (D-CA), sent a letter to U.S. Securities and Exchange Commission (SEC) Acting Director Mark Uyeda in response to reports that the General S... 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 Committee, were joined by 106 Congressional Democrats in sending a letter to the U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner demanding answers rega... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Trump Administration’s late night Executive Order intended to gut the U.S. Interagency Council on Homelessness (USICH). Created under President Ronald Reagan, USICH is an independent federal agency within the U.S. executive branch that leads the implementatio... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that late Friday night the Trump Administration signed Executive Orders to gut both the Community Development Financial Institutions Fund and the Minority Business Development Agency. “Late Friday night, Donald Trump took his cruelty and assault on underserv... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump’s latest Executive Order to establish a Strategic Bitcoin Reserve and Digital Asset Stockpile. “Since taking office, President Trump has boosted the wealth of crypto billionaires and enriched himself through cryptocurrencies while doing nothing to... 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, “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency.” Thank you, Mr. Chairman. For years, I and my colleagues ... 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 dropping at least nine pending enforcement cases, including one lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged payment scams on the app, Zelle, in violation of consumer financial laws, an... Read More »
This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led a group of House Democrats to the U.S. Department of Housing and Urban Development (HUD) headquarters to personally deliver a letter signed by 122 House Democrats to Housing and Urban Development Secretary Scott Turner. In the letter, the lawmakers demand immediate answers regarding the ... Read More »
Today, Congressman Sean Casten (D-IL), the Vice Ranking Member on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Today, President Trump, Elon Musk, and Trump’s cabinet of billionaires are illegally firing thousands of federal workers and closing down agencies that are charged with protecting Americans. They are also illegally withholdi... Read More »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, introduced H.R. 1764 the “Aligning SEC Regulations for the World Bank’s International Development Association Act.” This bill would exempt the International Development Association (IDA), the concessional lending arm of the World Bank, from Securities and Exchange Commission (SEC) registration re... Read More »
