Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during an Oversight and Investigations Subcommittee hearing entitled, “From Watchdog to Attack Dog: Examining the CFPB’s Chopra-era Assault on Disfavored Industries.” “Thank you. Today, my colleagues on the other side of the aisle are holding yet another hearing ... Read More »

In celebration of National Homeownership Month, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, along with Congressman Al Green (D-TX), Congresswoman Ayanna Pressley (D-MA), and Congresswoman Sylvia Garcia (D-TX), announced reintroduction of the Downpayment Toward Equity Act. This transformative legislation would help close the U.S. wealth and homeow... Read More »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed ten bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 3422, the “Promoting Opportunities for Non-Tradit... Read More »

Text of Letter (PDF) Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, wrote to Kyle Hauptman, Chairman of the National Credit Union Administration (NCUA), seeking clarity on the Board’s legal authority to fully continue the NCUA’s busine... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Senate’s passage of the Republican-led stablecoin bill. “There is nothing intelligent about the GENIUS Act. This legislation is riddled with loopholes and lacks essential protections or meaningful oversight which will open the door to future financial crises ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she sent letters to the leadership of the House Committee on Appropriations urging appropriators to fund programs that would address our nation’s worsening housing and homelessness crises; support small, minority-owned businesses; and protect our nation’s investors and capital mark... Read More »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led Committee, Democrats in a markup to stop Republicans’ dangerous crypto market structure bill, the “CALAMITY Act.” For several weeks, Congresswoman Waters has led Committee Democrats in warning both Members of Congress and the American people on the dangerous implications of this bill. For example, th... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Evaluating the Defense Production Act.” “Thank you very much. The Defense Production Act (DPA) is America’s law that mobilizes our nation’s resou... 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 markup. “Good morning, and thank you, Chairman Hill. As we sit here, Trump has violated the sovereignty of my state of California, federalizing the National Guard and sending the Marines into Los Angeles. This is completely unaccep... Read More »

Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Service Committee, Congresswoman Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, Senators Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Ed Markey (D-MA), Ranking Member of the Senate Small Business and Entrepreneurship Committe... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement during the Democratic hearing exploring Trump’s crypto crimes and the implications of the Republican-led crypto market structure bill. This hearing follows a request from the entire Committee Democratic caucus urging a Minority Day hearing to properly explore these issues.... Read More »

Lawmakers call on Fed to turn over Wells Fargo’s exam reports for the last five years and other relevant documents for Congressional review “The Fed’s decision to lift Wells Fargo’s asset cap despite mounting evidence that the firms’ systemic management failures persist is a direct giveaway to Wall Street at consumers’ expense.” Read letter here Today, Congresswoman Maxine Waters (D-CA), the Ranki... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions Subcommittee hearing entitled, “Framework for the Future: Reviewing Data Privacy in Today’s Financial System.” “Thank you very much. Today, we are considering the important issue of data privacy. However, I find it rich tha... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led all of the Democratic members on the Committee in requesting a follow-up hearing to today’s session exploring the Republican-led crypto market structure bill. This follow-up hearing, known as a “Minority Day Hearing,” would feature a second panel of witnesses, selected by Committee Democrats,... 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, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.” “Thank you very much, Mr. Chairman. I too would like to have productive dialogue. But it’s very difficult to do bas... Read More »