Press Releases

Browse Documents
by Date or Issue:
  • Committee Dems Request Information from Deutsche Bank on Russia Money Laundering Scheme and Trump Accounts
    Posted in Press Releases on May 24, 2017 | Preview rr
    Tags: Money Laundering, International

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight & Investigations, and Congressman Ed Perlmutter (D-CO), Ranking Member of the Subcommittee on Terrorism and Illicit Finance, sent a l... Read more

  • Waters, Cummings, Scott on Trump Administration’s Decision to Temporarily Halt Repeated Attempts to Undermine Fiduciary Rule
    Posted in Press Releases on May 23, 2017 | Preview rr

    Reps. Maxine Waters (D-CA), Elijah E. Cummings (D-MD), and Bobby Scott (D-VA), Ranking Members of the House Committees on Financial Services, Oversight and Government Reform, and Education and the Workforce, issued the following statement on today’s announcement that the Department of Labor’s (DOL) fiduciary rule will be initially implemented after the conclusion of the current 60-day delay. “For years, Democrats have championed this common sense rule because it simply ensures workers and famili... Read more

  • Waters: Trump Budget is Extremely Harmful
    Posted in Press Releases on May 23, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, Flood Insurance, Budget

    Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2018, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Donald Trump has once again revealed who he really is, with a cruel and senseless budget that abandons Main Street and the vulnerable. “The Trump budget mirrors efforts by Congressional Republicans to roll back Wall Street reform and take us back to the bad ... Read more

  • Committee Democrats to Treasury: Provide Information on Trump’s Financial Ties with Russia to Our Committee
    Posted in Press Releases on May 23, 2017 | Preview rr
    Tags: Department of the Treasury, International

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Dan Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, and Congressman Ed Perlmutter (D-CO), Ranking Member of the Subcommittee on Terrorism and Illicit Finance, sent a le... Read more

  • Roundtable Discussion: Protecting Critical Community Development Programs
    Posted in Press Releases on May 22, 2017 | Preview rr
    Tags: HUD

    On Wednesday, May 24, 2017, at 3:30 p.m. EDT, Ranking Member Maxine Waters (D-CA), Vice Ranking Member Dan Kildee (D-MI) and Housing and Insurance Subcommittee Ranking Member Emanuel Cleaver (D-MO), will host a roundtable discussion on how the Administration’s proposed elimination of the Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) programs would create suffering for whole communities; increase poverty, hunger and homelessness; and reduce affordable housing an... Read more

  • ICYMI: House Committee Ranking Members Request Review of the Wrong Choice Act
    Posted in Press Releases on May 12, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act

    Several House Committee Ranking Members submitted letters to their respective Chairmen requesting that their committees do not waive their jurisdiction over H.R. 10, also known as the Wrong Choice Act. The Wrong Choice Act, a wide-reaching financial services bill, makes financial markets less safe, puts consumers at risk, and undermines critical safeguards in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), the law that was put in place to protect the American economy ... Read more

  • Committee Democrats Fight Republican Bill to Roll Back Wall Street Reform
    Posted in Press Releases on May 4, 2017 | Preview rr

    On the second day of the House Financial Services Committee markup of H.R. 10, also known as the Wrong Choice Act, Committee Democrats continued to resist the Republican agenda to roll back consumer and investor protections in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The Wrong Choice Act undermines and outright repeals critical safeguards in Dodd-Frank, unleashing the same behavior on Wall Street that led to the 2008 financial crisis. Before Chairman Hensarling... Read more

  • Democrats Fight Into the Night to Protect Consumers, Homeowners
    Posted in Press Releases on May 3, 2017 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, Markup

    On the first day of the House Financial Services Committee markup of H.R. 10, also known as the Wrong Choice Act, Committee Democrats fought throughout the day and into the night to protect hardworking Americans from the catastrophic damage the bill would cause. The Wrong Choice Act undermines and outright repeals critical safeguards in the Dodd-Frank Wall Street Reform and Consumer Protection Act, a law that was designed to protect the American economy from another financial crisis. Before the ... Read more

  • Fact Sheet: The Wrong Choice Act Paves the Way Back to the Financial Crisis
    Posted in Press Releases on May 2, 2017 | Preview rr

    During the House Financial Services Committee markup of H.R. 10, also known as the Wrong Choice Act, Committee Democrats are fighting back against Republican attempts to make financial markets less safe and put consumers at risk. The Wrong Choice Act undermines and outright repeals critical safeguards in Dodd-Frank, the law that was designed to protect the American economy from another financial crisis. The Wrong Choice Act: Completely guts and functionally terminates the highly successful Consu... Read more

  • Waters Opening Statement at Markup of the Wrong Choice Act
    Posted in Press Releases on May 2, 2017 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, SEC, Federal Reserve, Volcker Rule, Markup

    Today, at a full Committee markup of the Wrong Choice Act, a bill that repeals the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, this is one of the worst bills I’ve seen in my time in Congress. The Wrong Choice Act is a vehicle for Donald Trump's agenda to get rid... Read more

  • ICYMI: Financial Services Committee Dems Fight Back Against the Wrong Choice Act
    Posted in Press Releases on May 1, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act

    Last week, House Financial Services Committee Democrats led the Committee’s first Minority Day Hearing in 20 years in order to protect the economic security of hardworking Americans from a bill that prioritizes Wall Street over Main Street. The hearing, which featured testimony from Senator Elizabeth Warren and 10 other expert witnesses, reviewed Chairman Hensarling’s Wrong Choice Act, a nearly 600-page bill that repeals the most important aspects of the Dodd-Frank Wall Street Reform and Consume... Read more

  • Trump’s 100 Days: Broken Promises to Main Street, Giveaways to Wall Street
    Posted in Press Releases on April 29, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act

    After just 100 days in office, President Trump has undermined the economic security of the middle class and hardworking Americans by beginning to roll back financial regulations and putting reckless policies in place. The list below recounts Trump’s broken promises, threatening consumers, investors, and the economy at large: On the first day of his administration, Trump suspended a reduction to Federal Housing Administration (FHA) mortgage insurance premiums, which would have saved homeowners $5... Read more

  • ICYMI: Wave of Opposition to the Wrong Choice Act
    Posted in Press Releases on April 29, 2017 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act

    This week, Committee Democrats led a Minority Day Hearing on the many problems with Chairman Hensarling’s Wrong Choice Act, a bill that would repeal the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and put America on the road to another financial crisis. The hearing, which featured testimony from Senator Elizabeth Warren and other experts and community advocates, comes amid a wave of opposition to the bill. To date, over 130 groups have submitted lette... Read more

  • Waters Slams the Wrong Choice Act During Historic Minority Day Hearing
    Posted in Press Releases on April 28, 2017 | Preview rr

    Today, at the historic Minority Day Hearing of the House Financial Services Committee, Ranking Member Maxine Waters (D-CA) delivered the following statement: As Prepared for Delivery Thank you, Mr. Chairman, and thank you to the witnesses for joining us today, especially Senator Elizabeth Warren, who created the idea of the Consumer Financial Protection Bureau, and gave the force behind making it a reality. Earlier this week, the Majority held a hearing during which their witnesses shared so man... Read more

  • Media Advisory: Committee Democrats to Hold Hearing on the Wrong Choice Act
    Posted in Press Releases on April 27, 2017 | Preview rr

    On Friday, April 28, 2017, House Financial Services Committee Democrats will lead an additional hearing on H.R. 10, also known as the Wrong Choice Act. The hearing, referred to as a “Minority Day Hearing,” is the first hearing before the Financial Services Committee under the 115th Congress where Democrats can select the panel of witnesses. This hearing is historic in that the parliamentary maneuver Democrats successfully used to convene this hearing has not succeeded in the Committee in 20 year... Read more

  • Waters Pushes for Greater Anti-Money Laundering Oversight
    Posted in Press Releases on April 27, 2017 | Preview rr
    Tags: Money Laundering, International, Subcommittee on Terrorism and Illicit Finance

    Today, at a Terrorism and Illicit Finance hearing entitled “Safeguarding the Financial System from Terrorist Financing,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered the following statement: As Prepared for Delivery Thank you, Mr. Chairman. One of the key issues this subcommittee will be looking at is the adequacy of current information-sharing authorities and the degree to which they strike the right balance between security and civil libe... Read more

  • Waters Introduces Bill to Prohibit Trump from Exempting Big Oil from Russia Sanctions
    Posted in Press Releases on April 26, 2017 | Preview rr
    Tags: International

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, joined by lead cosponsors Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, and Congressman Ed Perlmutter (D-CO), Ranking Member of the Subcommittee on Terrorism and Illicit Finance, introduced the “No Russia Exemptions for Oil Production Act” (the No REX Act), which prohibits the Trump Administration from providing special licenses to companies to engage in ... Read more

  • Committee Democrats Call for an Additional Hearing on the Wrong Choice Act
    Posted in Press Releases on April 26, 2017 | Preview rr

    Today, at the only scheduled committee hearing to review Chairman Hensarling's Wrong Choice Act, House Financial Services Committee Democrats, led by Ranking Member Maxine Waters (D-CA), submitted a letter to the Chairman requesting an additional hearing in order to thoroughly analyze how the legislation would impact consumers, investors, and the American economy. "Following the worst financial crisis since the Great Depression, this Committee held 41 public hearings related to financial reform ... Read more

  • Waters: Dodd-Frank Rollback Bill Would Result in Disaster
    Posted in Press Releases on April 26, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, SEC, FSOC, Federal Reserve, FDIC

    Today, at the only scheduled committee hearing to review Chairman Hensarling's Wrong Choice Act 2.0, a bill that would destroy the most important parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman, and thank you to the witnesses for being here today. There is only one explanation for why we are here d... Read more

  • Waters: On Sanctions Waivers, Trump’s Word Not Enough
    Posted in Press Releases on April 22, 2017 | Preview rr

    In response to a Trump Administration statement denying that they will issue waivers to the sanctions on Russia to authorize oil drilling, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “For months, I have sounded the alarm about Trump, his associates, their many suspicious ties to Russia and oil and gas companies, and their long game of getting sanctions on Russia lifted to line the pockets of their cronies. “The denial o... Read more

  • Waters Statement on Reports that ExxonMobil Applied for Waiver from U.S. Sanctions on Russia
    Posted in Press Releases on April 21, 2017 | Preview rr
    Tags: Money Laundering, Subcommittee on Terrorism and Illicit Finance

    WASHINGTON - In response to reports that ExxonMobil has requested special permission from the U.S. Treasury Department’s Office of Foreign Assets Control to be exempted from U.S. sanctions imposed in response to Russia’s aggression in Ukraine and its violations of international law, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “It is deeply disturbing that ExxonMobil is now seeking a waiver from the sanctions which the ... Read more

  • Waters Statement on Trump’s Executive Orders to Help Out Wall Street
    Posted in Press Releases on April 21, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act

    WASHINGTON - Today, in response to a pair of Trump Administration executive actions aimed at deregulating the financial services sector, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement. “Here we go again. When it comes time for Trump to put up or shut up on his promises to hardworking Americans, all he puts up are giveaways to his buddies on Wall Street that come at the expense of the nation’s economic security and stabilit... Read more

  • Waters Applauds Consumer Bureau for Tackling Ocwen’s Predatory Loan Practices
    Posted in Press Releases on April 21, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB

    WASHINGTON – In response to the Consumer Financial Protection Bureau’s (Consumer Bureau) lawsuit against Ocwen Financial Corporation for years of incompetent handling of mortgage accounts, Congresswoman Maxine Waters (D-CA), issued the following statement: “Enough is enough when it comes to Ocwen’s history of repeated, abusive treatment of homeowners. Their behavior is simply inexcusable, especially since homeowners don’t have the right to choose their own mortgage servicer. The executives at O... Read more

  • Waters Leads Call for Diverse Candidates in Search for Next Federal Reserve President
    Posted in Press Releases on April 18, 2017 | Preview rr
    Tags: Federal Reserve, Subcommittee on Monetary Policy & Trade

    WASHINGTON - In a letter to Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, and Margaret Lewis, Chair of the Federal Reserve Bank of Richmond Board of Directors, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, called for their commitment to replacing Federal Reserve Bank of Richmond President Jeffrey M. Lacker with an individual whose interests align with those of the American public. The lawmakers noted that one quarter of ... Read more

  • Waters: Ex-Im Opponent Scott Garrett is the Wrong Choice to Lead the Ex-Im Bank
    Posted in Press Releases on April 18, 2017 | Preview rr
    Tags: Export-Import Bank, Subcommittee on Monetary Policy & Trade

    WASHINGTON - Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement opposing the pending nomination of former Representative Scott Garrett, a staunch opponent of the Ex-Im Bank, to serve as its next president: “Despite all the claims Trump made over the course of his campaign, the selection of former right-wing Representative Scott Garrett to serve as the next president of the Export-Import Bank again makes clear that he ... Read more



Subscribe for Updates

Twitter Feed