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Ranking Member Waters Applauds White House’s Blueprint for A Renters Bill of Rights, Calls for Inclusion of Hard-Fought COVID Protections Led by Committee Democrats

| Posted in Press Releases

Following the White House’s release of a Renter’s Bill of Rights Blueprint, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “I applaud the Biden Administration’s historic release of its blueprint for a Renters Bill of Rights. As housing prices have skyrocketed by nearly 20% during the pandemic, many U.S. renters are ...

Ranking Member Waters Announces Democratic Members Appointed to Serve on Financial Services Committee

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected by the House Democratic Steering and Policy Committee to serve on the House Financial Services Committee: Democratic Members on the Financial Services Committee for the 118th Congress: Maxine Waters, California, Ranking Member Nydia M....

Ranking Member Waters Applauds Biden Administration’s Proposed Fair Housing Rule to Help Eliminate Segregation and Inequality in U.S. Cities

| Posted in Press Releases

Following the Department of Housing and Urban Development’s release of a new proposed rule on Affirmatively Furthering Fair Housing (AFFH), Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “After years of targeted efforts to sabotage our nation’s Fair Housing Act, wage war on the civil rights of our communities, and s...

Ranking Member Waters’ Statement on Wells Fargo Announcement Confirming They Are Too Big to Manage

| Posted in Press Releases

Following news that Wells Fargo will be dramatically shrinking its home lending business and narrowing its focus to mortgage lending for existing customers and borrowers in communities of color, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “After a string of abusive practices, years of breaking the law, and anothe...

Ranking Member Waters’ Statement on Committee Republicans’ Elimination of Congress’ First-Ever Diversity and Inclusion Subcommittee

| Posted in Press Releases

Following news that Committee Republicans plan to eliminate the Diversity and Inclusion Subcommittee first established by then-Chairwoman Waters in 2019, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “I am deeply disappointed and disturbed to hear that Committee Republicans plan to eliminate the Diversity and Inclu...

Waters Releases Report Celebrating Four Years of Historic Committee Achievements

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently stepped up t...

Chairwoman Waters Calls on the FTC to Conduct Robust Review of the Proposed ICE Acquisition of Black Knight

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Chair of the Federal Trade Commission, Lina Khan, urging robust review of the proposed acquisition of Black Knight, a software, data, and analytics company by the Intercontinental Exchange (ICE), a leading global provider of data, technology, and market infrastructure. In the letter, C...

Waters and Committee Democrats Secure Victories in the FY 2023 Omnibus Appropriations Legislation

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the Fiscal Year 2023 Omnibus Appropriations bill —legislation that provides $1.7 trillion to fund the Federal Government. The legislation includes several priorities of Democratic members of the Financial Services Committee that Cong...

Chairwoman Maxine Waters Applauds CFPB’s Crackdown on Repeat Offender, Wells Fargo

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the statement below following news that the Consumer Financial Protection Bureau (CFPB) ordered Wells Fargo Bank to pay $3.7 billion for widespread consumer fraud and abuse. “I am very pleased that the Consumer Financial Protection Bureau, under the leadership of Director Rohit Chopra, has ...

Chairwoman Maxine Waters Applauds PCAOB’s Recent Determination to Inspect Auditors of China-based Companies

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the statement below following news that the Public Company Accounting Oversight Board (PCAOB) determined that it has gained complete and unfettered access to be able to inspect China-based and Hong Kong-based PCAOB-registered accounting and audit firms. “I am pleased that after nearly two d...

ICYMI: Chairwoman Waters Continues Effort to Protect Consumers During Hearing with CFPB

| Posted in Press Releases

On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee held a hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.” where CFPB Director, Rohit Chopra, testified before the Committee as part of the agency’s semi-annual report to Congress. During the hearing, Chairwoman Waters and Committee Democrats heard...

ICYMI: Chairwoman Waters Holds Hearing Exposing Information on the Collapse of FTX and Founder Sam Bankman-Fried

| Posted in Press Releases

On Tuesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee held a hearing entitled, “Investigating the Collapse of FTX, Part I” to kick start the Committee’s efforts into uncovering the truth about the collapse of FTX. Despite the fact that prior to his expected appearance, former CEO and founder, Sam Bankman-Fried was arrested by the Department of Justic...

Chairwoman Waters, Senator Booker Send Letter to Government Accountability Office Urging Updated Study on Disparities in Asset Management

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Cory Booker (D-NJ) sent a letter to the United States Government Accountability Office (GAO) highlighting the severe lack of progress our nation’s federally managed pension funds have made in boosting representation of diverse asset management firms over the years. In the letter Chairwoman ...

Waters Applauds SEC’s Adoption of Committee Recommendations to Protect Investors, Strengthen Market Integrity

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Securities and Exchange Commission’s (SEC) December 14, 2022 rule approval and proposals. “I am pleased that the Securities and Exchange Commission has adopted rules that incorporate the recommendations from my bill, H.R.1528 “Promoting Transparent...

Waters Delivers Opening Statement at Semi-Annual Full Committee Hearing on the Consumer Financial Protection Bureau

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hybrid hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.” Today, we welcome Mr. Rohit Chopra, Director of the Consumer Financial Protection Bureau, to our Committee. I would like to take a moment to high...

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