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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…
Press Releases
Waters Condemns Republican Effort to Repeal Forced Arbitration Rule July 25, 2017 Today, in response to the House passage of H.J. Res 111, a harmful Republican resolution that repeals the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Forced arbitration benefits large corporations and Wall Street banks to the detriment of consumers. The Consumer Financial Protection Bureau’s rule helps to ensur... More
Press Releases
Waters Opening Floor Statement in Opposition to Republican Resolution to Repeal Forced Arbitration Rule July 25, 2017 Today, during floor debate on H.J.Res 111, a Republican Joint Resolution to repeal the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery H.J.Res 111 is an affront to hardworking Americans across the country. Using the Congressional Review Act, this Joint Resolution repeals the Consumer F... More
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Waters Statement at Committee Markup of Resolution to Follow Trump Money Trail July 25, 2017 Today, at a full Financial Services Committee markup of five bills, the Committee will consider Committee Democrats’ Resolution of Inquiry, which directs Treasury Secretary Mnuchin to provide Congress with documents on the financial dealings of President Trump, his family members, and his associates. In her opening statement, Congresswoman Maxine Waters (D-CA), Ranking Member of Financial Services Committee, highlighted the need for bipartisanship in order to hold the Trump Administration accoun... More
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Waters, Walz, and Heck Introduce Bill to Protect Servicemembers from Predatory Financial Practices July 24, 2017 Today, House Democrats, led by Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, alongside Congressman Tim Walz (D-MN), Ranking Member of the Committee on Veterans' Affairs, and Congressman Denny Heck (D-WA), Financial Services Committee Member, introduced legislation that would protect the financial wellbeing of servicemembers and their families by strengthening enforcement of the Servicemembers Civil Relief Act (SCRA). The bill, H.R. 3357, the Military ... More
Press Releases
Democratic Staff Report Documents Successes of Consumer Financial Protection Bureau, Importance of Rulemaking on Forced Arbitration July 23, 2017 Today, Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, released a Democratic staff report documenting the successes of the Consumer Financial Protection Bureau (Consumer Bureau). In the report, Democratic Committee staff discuss the devastating effects of the 2008 financial crisis that led to the creation of the Consumer Bureau, the types of consumer protections enacted by the Consumer Bureau, the effectiveness of its consumer complaint database, and the unwar... More
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