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In an op-ed published today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, discussed the numerous ways in which the Consumer Financial Protection Bureau (Consumer Bureau) continues to fight for hardworking Americans…
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Waters, Booker and Meeks Statement on GAO Report on Disparities in Asset Management September 20, 2017 Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Senator Cory Booker (D-NJ), and Congressman Gregory Meeks (D-NY) released a statement on a new Government Accountability Office (GAO) report titled, “Investment Management: Key Practices Could Provide More Options for Federal Entities and Opportunities for Minority- and Women-Owned Asset Managers” (GAO-17-726), which was requested by the lawmakers. The GAO identified four modest practices in ... More
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Waters Applauds Senate Passage of Waters and Hultgren Bill to Continue the Term of the FSOC Independent Member with Insurance Expertise September 20, 2017 Following the U.S. Senate passage of H.R.3110, the Financial Stability Oversight Council Insurance Member Continuity Act, a bipartisan bill introduced by Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, and Congressman Randy Hultgren (R-IL), a member of the Financial Services Committee, which would extend the term of the Financial Stability Oversight Council (FSOC) independent member with insurance expertise, Ranking Member Waters made the following stat... More
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Waters Statement on the 2017 Hurricane Season and the Future of the National Flood Insurance Program September 19, 2017 Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement regarding the devastation caused by hurricanes this season, and the news that Congress will need to raise the National Flood Insurance Program’s (NFIP) borrowing authority to pay all of its claims from Hurricanes Harvey and Irma. “As the 2017 hurricane season continues, we must put these storms and their impact on our fellow Americans into perspective. Irma made history with wind... More
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Following Equifax Breach, Ranking Member Waters Reintroduces Comprehensive Credit Reporting Reform Legislation September 13, 2017 Following the announcement that 143 million American consumers were impacted by the Equifax security breach, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, reintroduced the Comprehensive Consumer Credit Reporting Reform Act, which contains landmark reforms to improve the nation’s credit reporting system. Credit reporting agencies compile and maintain files for about 200 million Americans and the Equifax data breach proves that more needs to be done to ... More
Press Releases
Waters Statement on the Equifax Security Breach September 7, 2017 Following the announcement that nearly half of U.S. population’s personal data was exposed -- including Social Security numbers, birth dates, and addresses -- due to an enormous security breach at Equifax, one of the nation’s major credit reporting agencies, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “This hack into sensitive information compiled and maintained by Equifax is one of the largest data breaches in our nati... More
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