Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Office of the Comptroller of Currency (OCC) and the Board of Governors of the Federal Reserve System’s (Fed) decision to approve the Capital One’s acquisition of Discover. “The Trump Administration’s approval of the Capital One-Discover merger will create yet... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congressman Bill Foster (D-IL), the Ranking Member of the Financial Institutions Subcommittee, led 88 House Democrats in a letter to U.S. Department of the Treasury Secretary, Scott Bessent, following an Executive Order issued by President Donald Trump last month, aimed at slashing key federal... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a federal judge’s ruling blocking the Trump Administration’s plan to illegally fire approximately 1,500 staff at the Consumer Financial Protection Bureau (CFPB). The CFPB was created in the wake of the 2008 financial crisis and is the only federal agency solely f... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump's illegal firing of the two Democrats on the board of the National Credit Union Administration (NCUA) without cause. “Trump’s firing of the two Democrats on the board of the National Credit Union Administration is a clear and brazen violation of t... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Chairman French Hill (R-AR) urging him to join her in requesting that the House Appropriations Committee renew funding for existing Emergency Housing Vouchers (EHVs) in the Fiscal Year 2026 appropriations bill. The letter was prompted by a recent notice to Public Housing Authorit... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to recent actions by President Trump to reduce the workforce at the Minority Business Development Agency (MBDA). This action follows an Executive Order last month to gut the MBDA completely. “Donald Trump is taking his war on small businesses and vulne... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this statement in commemoration of the 57th anniversary of the signing of the Fair Housing Act into law. “Fifty-seven years ago today, the Fair Housing Act of 1968 was signed into law just seven days following the assassination of Dr. Martin Luther King Jr. After generations of redlining a... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 18 Committee Democrats in sending a letter to both the Chair and the Inspector General of the U.S. Securities and Exchange Commission (SEC) along with the Comptroller General of the U.S. Government Accountability Office (GAO) demanding an immediate investigation into whether President Trump, ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony before the House Appropriations Subcommittee on Transportation, Housing and Urban Development. Good morning, Chair Womack, Ranking Member Clyburn, and Members of the Subcommittee. Thank you for the opportunity to testify today on one of the most important issues ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast S.J.Res.18, the “Higher Bank Fees Act” — a bill that would raise fees charged to consumers by the nation’s biggest banks. Mr. Speaker, I rise in complete opposition to yet another harmful bill put forth by Republicans, S.J. Res 18—a resolution to allow the biggest... Read More »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast, S.J. Res. 28, the “Big Tech Payment Scams Act” — a bill that would revoke the Consumer Financial Protection Bureau’s authority to supervise payment apps operated by big tech companies for compliance with consumer financial protection laws. Mr. Chair, I rise today ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement during a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing entitled, “American Innovation and the Future of Digital Assets: Aligning the U.S. Securities Laws for the Digital Age.” I must highlight over two days, Americans lost $6... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a hearing with the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, entitled, “U.S. Treasury Debt in the Monetary System.” While we examine ways to strengthen the resilience of the Treasury market, it is impossibl... Read More »

Today, Committee on Financial Services Ranking Member Maxine Waters (D-CA), Committee on Homeland Security Ranking Member Bennie G. Thompson (D-MS), Committee on Transportation and Infrastructure Ranking Member Rick Larsen (D-WA), Committee on Appropriations Ranking Member Rosa DeLauro (D-CT), and Committee on Science, Space and Technology Ranking Member Zoe Lofgren (D-CA) announced they sent a le... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during an Oversight and Investigations Subcommittee hearing entitled, “Decades of Dysfunction: Restoring Accountability at HUD.” Thank you very much, Mr. Chairman. Trump and Musk are dismantling the nation’s housing agencies and raising housing costs with... Read More »