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ICYMI: Ranking Member Maxine Waters Honored with 2024 Trailblazer Award for Advancing Diversity and Inclusion in Financial Services

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       This week, Congresswoman Maxine Waters (D-CA), the top Democrat of the House Financial Services Committee, was recognized with the 2024 Trailblazer Award by the Financial Services Professionals organization. This prestigious award acknowledges Members of Congress who have demonstrated exceptional dedication to fostering the advancement of Black professionals…

Ranking Member Waters Leads 41 House Democrats in Urging Banking Regulators to Quickly Finalize Rules to Strengthen Capital Requirements for Big Banks, Prevent Financial Crisis

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, leads 41 House Democrats in sending a letter to our nation’s banking regulators — specifically the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency — urging regulators to move quickly to finalize…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Crypto Crime: “It Is Ironic That Republicans are Holding This Hearing on Crypto Crime While Simultaneously Working to Undermine Our National Security.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled, “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” It is ironic that Republicans are holding this hearing on crypto…

Maxine Waters, Ranking Member, Delivers Opening Statement During Financial Institutions Subcommittee Hearing: “I Support Efforts by Biden’s Regulators to Encourage the Use of the Fed’s Discount Window by Banks that Need Liquidity.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions and Monetary Policy Subcommittee hearing entitled, “Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending.” Thank you very much. It has been nearly a year since we faced the sudden…

Maxine Waters, Ranking Member, Urges FEMA to Prioritize People Experiencing Homelessness in Wake of Southern California Storms

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Administrator of the Federal Emergency Management Agency (FEMA), Deanne Criswell, urging the agency to prioritize people experiencing homelessness in recovery efforts following deadly storms that recently hit Southern California. In the letter, Congresswoman…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing on National Security: “While Democrats Continue to Put People, Peace, and Prosperity Over Politics, MAGA Republicans Prioritize Only One Person: Donald Trump.”

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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 the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI).” Thank you very much Mr. Chairman and I’d like to welcome Undersecretary…

ICYMI: Ranking Member Maxine Waters, Committee Democrats Commit to “Finish the Job” on Addressing Urgent Affordable Housing and Homelessness Crisis During 2024 Democratic Issues Conference

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During last week’s 2024 Democratic Issues Conference, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted a breakout session entitled, “Housing for All: Tackling the Affordable Housing and Homelessness Crisis.” The breakout session included Congressman Emanuel Cleaver (D-MO), the Ranking Member on the Subcommittee on Housing and…

Ranking Member Maxine Waters Delivers Remarks on Urgent Housing Crisis During 2024 Democratic Issues Conference

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following remarks on the urgent housing crisis during the Democratic Issues Conference 2024. Good afternoon, everyone. As we come together during this year’s Democratic Issues Conference, Committee Democrats are here today to sound the alarm on our nation’s worsening…

Waters to Yellen: “Wall Street Is Peddling Lies About What Needed Capital Reforms Will Do”

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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, “The Annual Report of the Financial Stability Oversight Council.” (U.S. Secretary of the Treasury Janet Yellen and House Financial Services Committee Ranking Member Maxine Waters) Treasury…

Ranking Member Maxine Waters, Subcommittee Ranking Members Urge Chair McHenry to Hold Hearing on Racial Disparities in Mortgage Approvals at Navy Federal Credit Union

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and the Committee’s Subcommittee Ranking Members sent a letter to Congressman Patrick McHenry (R-NC), Chair of the Committee, calling for an immediate hearing to address significant racial disparities in mortgage approval rates at Navy Federal Credit Union (NFCU), the largest credit…

Maxine Waters, Ranking Member, Delivers Opening Statement During National Security Subcommittee Hearing: “We Have an Opportunity Here to Ensure That None of America’s Resources Are Used to Undermine Our Country or Support Our Adversaries.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during the National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.” Thank you very…

Maxine Waters, Ranking Member, Calls on Meta to Provide Answers Regarding Digital Asset Plans

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Mark Zuckerberg, Founder, Chairman and Chief Executive Officer of Meta Platforms, Inc. (formerly Facebook, Inc.); and Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. In the letter, Congresswoman Waters expresses concern with Meta’s filing of five…

Maxine Waters, Ranking Member, Applauds CFPB’s Proposed Rule to Stop Overdraft Fees and Save Consumers Billions

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Tags: CFPB

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’s (CFPB) proposed rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. The CFPB has long been supported by Congresswoman Waters and is the only federal agency…

Maxine Waters, Ranking Member, Announces Passage of Five Bipartisan Bills to Protect National Security, Urges Continued Support for Ukraine

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed five pieces of bipartisan legislation aimed at safeguarding our national security from threats from adversaries like Russia and China that threaten to dismantle our nation’s financial system. H.R. 4768 “No Russian Agriculture…

Waters, McHenry Announce Creation of Bipartisan Working Group on Artificial Intelligence

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Today, Congresswoman Maxine Waters (CA-43), the top Democrat on the House Financial Services Committee and Chairman Patrick McHenry (NC-10), announced the formation of the Committee’s bipartisan Working Group on Artificial Intelligence (AI), led by Digital Asset, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02) and Subcommittee Ranking Member Stephen F. Lynch…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing with Department of Housing: “HUD has Helped House and Provide Services to Over 2.6 million People Experiencing or At-Risk of Homelessness.”

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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 the Department of Housing and Urban Development & the Federal Housing.” Good morning, Madam Secretary. It is indeed my honor to welcome you before the Committee today. On behalf of…

Ranking Member Waters, Congresswoman Joyce Beatty Urge Federal Reserve Bank of Cleveland to Prioritize Diversity in Search for President, CEO

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), sent a letter to the Chairman of the Federal Reserve System and Chair of the Federal Reserve Bank of Cleveland’s search committee urging them to prioritize diversity in its search for the Bank’s next president and CEO. In the letter, the Congresswomen…

Maxine Waters, Ranking Member, Statement on Navy Federal Credit Union’s Lending Practices

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Navy Federal Credit Union, which is privately run and is the largest credit union in the United States, rejected more than half its Black conventional mortgage applicants in 2022. Navy Federal Credit Union is not operated by the U.S. Navy or…

Maxine Waters, Ranking Member, Announces Receipt of Anti-Harassment Policy Plans from FDIC, Fed, OCC and NCUA

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Fed), the Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) have each responded to her request for information…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Sanctions

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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, “Moving the Money Part 2: Getting Answers from the Biden Administration on the Iranian Regime’s Support of Terrorism." Under the Biden Administration, the U.S. has…

Maxine Waters, Ranking Member, Announces House Passage of Bipartisan Legislation

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced passage of the following bipartisan bills under suspension of the rules. This is a procedure often used on the House floor to act expeditiously on legislation that is generally non-controversial. Next, these bills will await a vote in the Senate. H.R. 5524 "Foreign…

Maxine Waters, Ranking Member, Delivers Opening Statement During Capital Markets Subcommittee Hearing

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Capital Markets Subcommittee hearing entitled, “Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing.” Today we will hear what happens when Wall Street and other parts of the industry police…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Sanctions

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Restricting Rogue-State Revenue: Strengthening Energy Sanctions on Russia, Iran, and Venezuela.” Thank you, Chairman…

Ranking Member Maxine Waters’ Statement on Chair McHenry’s Announced Retirement

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following Chair Patrick McHenry’s (R-NC) announcement that he will be retiring at the end of his term. When Republicans took control earlier this year, many Democrats on this side, including myself, were wondering what type of Chairman Mr. McHenry would be, and…

Ranking Member Maxine Waters Delivers Opening Statement During Housing Hearing: “House Republicans…Want to Slash Federal Housing Programs By 30 Percent and Hope the Private Sector Fixes It.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee Housing and Insurance hearing entitled, “Housing Affordability: Governmental Barriers and Market-Based Solutions.” From urban to rural America, there simply aren’t enough affordable homes, and the gap between supply and…

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