Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, and Congressman Jamie Raskin (D-MD), the Ranking Member on the House Judiciary Committee, sent a letter to Fidelity, Vanguard, and Charles Schwab, demanding answers following reports that the firms restricted charitable donations to the Southern Poverty Law Center (“SPLC”). In the letter, the R... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Chief Executive Officers of leading U.S. financial institutions, including JPMorgan Chase, Citigroup, Bank of America, Morgan Stanley, Wells Fargo, and Goldman Sachs, demanding an immediate briefing on how they are addressing newly discovered cybersecurity vulnerabilities lin... Read More »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member on the House Financial Services Committee, issued the following statement commending S&P Dow Jones Indices and its Index Committee for declining to weaken the eligibility rules for the S&P 500, S&P mid-cap 400, and S&P small-cap 600, the benchmarks underpinning the retirement savings of tens of millions of American workers and retirees. “I ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Congressman French Hill (R-AR), Chair of the Committee, demanding an immediate hearing with Federal Housing Finance Agency (FHFA) Director Bill Pulte following President Trump’s decision to install Pulte as Acting Director of National Intelligence (DNI) while he continues serving... 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, “Oversight of Prudential Regulators.” “Good morning. Trump’s reckless and unlawful war in Iran has cost every American $450 more at the gas pump. In parts of my district, gas is nearly $7 a gallon. Yet, when asked... Read More »

This week, the House passed the “21st Century ROAD to Housing Act,” led by the House Committee on Financial Services Ranking Member Maxine Waters (D-CA), Chairman French Hill (R-AR), Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO), and Subcommittee on Housing and Insurance Chair Mike Flood (R-NE). The Members issued the following statements after the House passed by a ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after the passing of former Congressman and Chairman of the House Financial Services Committee, Barney Frank: “Barney Frank was a transformational force in Congress, a brilliant legislator, and one of the most fearless champions for working people and communities I ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to speak in support of H. Res. 1299, a resolution amending H.R. 6644, the “21st Century Road to Housing Act,” a landmark bipartisan legislative package aimed at addressing the nationwide housing supply shortage and affordability crisis. “I rise in support of H. Res. 1299, ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she and Chairman French Hill (R-AR) have reached a new bipartisan agreement to pass an improved version of the ‘21st Century ROAD to Housing Act’—a major bipartisan legislative package aimed at addressing the nationwide housing supply shortage and affordability crisis—to the Senate... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement announcing a long list of Congressional Review Act (CRA) resolutions introduced by House Financial Services Committee Democratic Members to restore critical Consumer Financial Protection Bureau (CFPB) guidance designed to protect consumers that were rescinded by Act... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a full committee markup. “Thank you, Chairman Hill. Committee Republicans are sending conflicting messages today during this markup. On the one hand, we will consider a bill that finally sounds the alarm about risks artificial intelligence poses to our eco... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the Office of Management and Budget Director, Russell Vought, issuing an updated rule to weaken implementation of Section 1071 small business lending data collection requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act: “... Read More »

“In Trump’s second term, the Fed has once again taken an axe to the stress testing framework.” 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 Committee on Banking, Housing, and Urban Affairs, sent a letter to Michelle Bowman, Vice Chair for Supervision of the F... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Juan Vargas (D-CA), Ranking Member of the Monetary Policy Task Force, issued the following statement in response to the Senate Banking Committee’s expected approval of Trump’s Fed Chair nominee, Kevin Warsh: “Trump’s Department of Justice’s criminal investigation into Federal Rese... Read More »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Housing and Insurance Subcommittee hearing entitled, “Diversifying Risk: Benefits of Reinsurance and Credit Risk Transfers.” Mr. Chair, credit risk transfers, or CRT’s, can offer benefits to our housing finance system. They can provide insight about mark... Read More »