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… 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… 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… 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… 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… 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… 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… 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… 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… 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,… 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… 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… 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… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Federal Housing Finance Agency (FHFA) Director William Pulte, demanding answers regarding numerous alarming actions he has taken since his confirmation, which raise serious concerns about conflicts of interest, legal violations, and harmful housing policy… Read more »

    On Wednesday, Committee Republicans passed a dangerous bill that would empower President Trump, his family, and his insiders – including billionaires like Elon Musk – to continue exploiting the power of the Presidency to establish multiple crypto schemes, including a stablecoin, to enrich himself and his family. This Republican bill, misleadingly titled the “STABLE Act,”… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Government Accountability Office (GAO) Comptroller General Eugene Dodaro and U.S. Department of Housing and Urban Development (HUD) Acting Inspector General Stephen M. Begg calling for an investigation into whether HUD is violating statutory requirements to maintain at… Read more »

“The federal government should work for the American public—not for President Trump’s bottom line.” Full letter here Representative Maxine Waters (D-CA), Ranking Member of the House Financial Services Committees, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the U.S. Securities and Exchange Commission… 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 markup. Thank you very much, Mr. Chairman. When I was Chair of this Committee, I launched the Congressional effort to create a federal framework around stablecoins. I wanted robust protections, especially in the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Representative Stephen F. Lynch (D-MA), the Ranking Member on the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and Representative Emanuel Cleaver, II (D-MO), the Ranking Member on the Subcommittee on Housing and Insurance, sent a letter to the U.S.… Read more »

“Have you conducted any analysis of the number of terrorists, human traffickers, drug cartel leaders, foreign adversaries, or other malign actors and facilitators who will be able to abuse the U.S. financial system to hide their illicit activity, absent enforcement of the Corporate Transparency Act?” “Treasury announced earlier this month that it would refuse to enforce the law and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Following the Money: Tools and Techniques to Combat Fraud.” Thank you, Chairman Davidson and Ranking Member Beatty for convening this… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the Rules Committee on two Congressional Review Act resolutions: S.J.Res.18, which would increase fees charged by big banks, and S.J.Res.28, which would strip the Consumer Financial Protection Bureau (CFPB) of its authority to oversee payment… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to President Trump’s Executive Order directing the National Park Service to forcibly evict unhoused individuals from encampments located on federally-owned lands in Washington, D.C. “Trump’s latest action to vilify people experiencing… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following reports that Elon Musk's DOGE has taken over the Securities and Exchanges Commission (SEC). Last month, Congresswoman Waters sent a letter to Acting SEC Chair Mark Uyeda warning of the consequences of DOGE’s takeover of the agency. “While I am deeply… Read more »

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 »