Today, House Financial Services Committee, Ranking Member Maxine Waters (CA-43) and leaders of the Litigation and Rapid Response Task Force, House Assistant Minority Leader Joe Neguse (CO-02) and House Judiciary Committee, Ranking Member Jamie Raskin (MD-08), issued the following statement after a federal judge blocked efforts to dismantle the Consumer Financial Protection Bureau… Read more »

Today, House Committee on Financial Services Ranking Member Maxine Waters (D-CA), House Committee on Transportation and Infrastructure Ranking Member Rick Larsen (D-WA), House Committee on Appropriations Ranking Member Rosa DeLauro (D-CT), House Committee on Homeland Security Ranking Member Bennie G. Thompson (D-MS) and House Committee on Science, Space and Technology Ranking Member Zoe… Read more »

In recent weeks, Trump escalated his assault on small businesses by signing an Executive Order to gut the Minority Business Development Agency (MBDA). The MBDA was created to assist businesses owned by people of color — who face the greatest barriers to accessing capital — the resources and opportunities necessary to start and sustain their businesses. Through its nationwide network, the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats in introducing H. Res. 259, a Resolution of Inquiry (ROI) demanding information related to the Trump-Musk’s Administration’s illegal shutdown of the Consumer Financial Protection Bureau. This shutdown followed the Trump Administration's decision to illegally grant… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and members of the Committee’s Diversity, Equity, and Inclusion Working Group, Representatives Al Green (D-TX), Joyce Beatty (D-OH), Sylvia Garcia (D-TX), Ayanna Pressley (D-MA), and Nikema Williams (D-GA), sent a letter to U.S. Department of Commerce Secretary Howard Lutnick in response to a… Read more »

In recent weeks, Trump took his assault on small businesses another step further by signing an Executive Order to gut the Community Development Financial Institutions Fund (CDFI Fund). For 30 years, CDFIs have stepped up to the plate to provide needed support for consumers and small businesses in rural, native, suburban, and urban communities. This Executive Order will have a massive… 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, “Beyond Silicon Valley: Expanding Access to Capital Across America.” Good morning. Thank you very much, Mr. Hill. Before I begin, I want to comment about the outrageous national security breach… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement on the passing of Quincy Enoch: “I was deeply saddened to learn of the passing of Quincy Enoch. For over a decade, Quincy worked with Committee Democrats, representing the ideas and positions of his clients with fairness, intelligence, and humor.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought in response to his March 12 directive ordering CFPB staff to halt all work related to Diversity, Equity, and Inclusion (DEI). In the letter, Congresswoman Waters condemns Vought’s orders to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced Congressman Sean Casten (D-IL), as the Vice Ranking Member on the Committee. “I am pleased to announce that Congressman Sean Casten will serve as Vice Ranking Member on the House Financial Services Committee for the 119th Congress. For many years, Committee Democrats have… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Representatives Brad Sherman (D-CA) – the Ranking Member on the Subcommittee on Capital Markets – Bill Foster (D-IL), Sean Casten (D-IL), and Juan Vargas (D-CA), sent a letter to U.S. Securities and Exchange Commission (SEC) Acting Director Mark Uyeda in response to reports that the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Committee on Banking, Housing, and Urban Affairs Committee, were joined by 106 Congressional Democrats in sending a letter to the U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner demanding… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Trump Administration’s late night Executive Order intended to gut the U.S. Interagency Council on Homelessness (USICH). Created under President Ronald Reagan, USICH is an independent federal agency within the U.S. executive branch that leads the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that late Friday night the Trump Administration signed Executive Orders to gut both the Community Development Financial Institutions Fund and the Minority Business Development Agency. “Late Friday night, Donald Trump took his cruelty and assault… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump’s latest Executive Order to establish a Strategic Bitcoin Reserve and Digital Asset Stockpile.  “Since taking office, President Trump has boosted the wealth of crypto billionaires and enriched himself through cryptocurrencies while… 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, “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency.” Thank you, Mr. Chairman. For years, I and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the Consumer Financial Protection Bureau dropping at least nine pending enforcement cases, including one lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged payment scams on the app, Zelle, in violation of consumer financial… Read more »

    This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led a group of House Democrats to the U.S. Department of Housing and Urban Development (HUD) headquarters to personally deliver a letter signed by 122 House Democrats to Housing and Urban Development Secretary Scott Turner. In the letter, the lawmakers demand… Read more »

Today, Congressman Sean Casten (D-IL), the Vice Ranking Member on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Today, President Trump, Elon Musk, and Trump’s cabinet of billionaires are illegally firing thousands of federal workers and closing down agencies that are charged with protecting Americans. They are also… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, introduced H.R. 1764 the “Aligning SEC Regulations for the World Bank’s International Development Association Act.” This bill would exempt the International Development Association (IDA), the concessional lending arm of the World Bank, from Securities and Exchange Commission (SEC)… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Housing and Insurance Subcommittee hearing entitled, “Building Our Future: Increasing Housing Supply in America.” As Prepared for Delivery Committee Republicans claim to care about increasing housing supply, yet the Trump… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Service Committee, delivered the following statement during a Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity hearing entitled, “Examining Monetary Policy and Economic Opportunity.” As prepared for delivery Thank you very much, Mr. Chairman. If we really want to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 122 House Democrats in a letter to the U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner requesting information regarding questionable staff terminations, stop-work orders, funding cancellations, and the role of private corporations through the influence… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee; Congressman Al Green (D-TX), the Ranking Member on the Subcommittee on Oversight & Investigations; and Congressman Bill Foster (D-IL), the Ranking Member on the Subcommittee on Financial Institutions, sent a letter to the Government Accountability Office and the Inspector General for… Read more »

Following staff terminations within the Department of Housing & Urban Development (HUD), reports of closed field offices, and rolling back of civil rights enforcement, on Monday, March 3 at 5 pm E.T., Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, will hand-deliver a letter to Secretary Turner requesting critical information for… Read more »