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Ranking Member Waters Applauds White House’s Blueprint for A Renters Bill of Rights, Calls for Inclusion of Hard-Fought COVID Protections Led by Committee Democrats

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Following the White House’s release of a Renter’s Bill of Rights Blueprint, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “I applaud the Biden Administration’s historic release of its blueprint for a Renters Bill of Rights. As housing prices have skyrocketed by nearly 20% during the pandemic, many U.S.…

Ranking Member Waters Announces Democratic Members Appointed to Serve on Financial Services Committee

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected by the House Democratic Steering and Policy Committee to serve on the House Financial Services Committee: Democratic Members on the Financial Services Committee for the 118th Congress: Maxine Waters, California, Ranking…

Ranking Member Waters Applauds Biden Administration’s Proposed Fair Housing Rule to Help Eliminate Segregation and Inequality in U.S. Cities

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Tags: HUD

Following the Department of Housing and Urban Development’s release of a new proposed rule on Affirmatively Furthering Fair Housing (AFFH), Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “After years of targeted efforts to sabotage our nation’s Fair Housing Act, wage war on the civil rights of our…

Ranking Member Waters’ Statement on Wells Fargo Announcement Confirming They Are Too Big to Manage

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Following news that Wells Fargo will be dramatically shrinking its home lending business and narrowing its focus to mortgage lending for existing customers and borrowers in communities of color, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “After a string of abusive practices, years of breaking the…

Ranking Member Waters’ Statement on Committee Republicans’ Elimination of Congress’ First-Ever Diversity and Inclusion Subcommittee

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Following news that Committee Republicans plan to eliminate the Diversity and Inclusion Subcommittee first established by then-Chairwoman Waters in 2019, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “I am deeply disappointed and disturbed to hear that Committee Republicans plan to eliminate the…

Chairwoman Waters Calls on the FTC to Conduct Robust Review of the Proposed ICE Acquisition of Black Knight

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Chair of the Federal Trade Commission, Lina Khan, urging robust review of the proposed acquisition of Black Knight, a software, data, and analytics company by the Intercontinental Exchange (ICE), a leading global provider of data, technology, and market infrastructure. In the…

Waters and Committee Democrats Secure Victories in the FY 2023 Omnibus Appropriations Legislation

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Tags: Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the Fiscal Year 2023 Omnibus Appropriations bill —legislation that provides $1.7 trillion to fund the Federal Government. The legislation includes several priorities of Democratic members of the Financial Services Committee…

Chairwoman Maxine Waters Applauds CFPB’s Crackdown on Repeat Offender, Wells Fargo

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the statement below following news that the Consumer Financial Protection Bureau (CFPB) ordered Wells Fargo Bank to pay $3.7 billion for widespread consumer fraud and abuse. “I am very pleased that the Consumer Financial Protection Bureau, under the leadership of Director Rohit…

Chairwoman Maxine Waters Applauds PCAOB’s Recent Determination to Inspect Auditors of China-based Companies

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the statement below following news that the Public Company Accounting Oversight Board (PCAOB) determined that it has gained complete and unfettered access to be able to inspect China-based and Hong Kong-based PCAOB-registered accounting and audit firms.  “I am pleased that…

ICYMI: Chairwoman Waters Continues Effort to Protect Consumers During Hearing with CFPB

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On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee held a hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.” where CFPB Director, Rohit Chopra, testified before the Committee as part of the agency’s semi-annual report to Congress. During the hearing, Chairwoman Waters and Committee…

ICYMI: Chairwoman Waters Holds Hearing Exposing Information on the Collapse of FTX and Founder Sam Bankman-Fried

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On Tuesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee held a hearing entitled, “Investigating the Collapse of FTX, Part I” to kick start the Committee’s efforts into uncovering the truth about the collapse of FTX. Despite the fact that prior to his expected appearance, former CEO and founder, Sam Bankman-Fried was arrested by the Department…

Chairwoman Waters, Senator Booker Send Letter to Government Accountability Office Urging Updated Study on Disparities in Asset Management

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Cory Booker (D-NJ) sent a letter to the United States Government Accountability Office (GAO) highlighting the severe lack of progress our nation’s federally managed pension funds have made in boosting representation of diverse asset management firms over the years. In the…

Waters Applauds SEC’s Adoption of Committee Recommendations to Protect Investors, Strengthen Market Integrity

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Securities and Exchange Commission’s (SEC) December 14, 2022 rule approval and proposals. “I am pleased that the Securities and Exchange Commission has adopted rules that incorporate the recommendations from my bill, H.R.1528 “Promoting…

Waters Delivers Opening Statement at Semi-Annual Full Committee Hearing on the Consumer Financial Protection Bureau

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hybrid hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.” Today, we welcome Mr. Rohit Chopra, Director of the Consumer Financial Protection Bureau, to our Committee. I would like to take a…

Chairwoman Waters’ Statement Following Part I of the FTX Hearing with John Ray III

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Following the full Committee hearing entitled, “Investigating the Collapse of FTX, Part I” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement: “I want to thank Mr. Ray for his participation in the hearing today. Mr. Ray’s task ahead to recover funds for FTX’s million customers is clearly going to be a long and…

Waters Delivers Opening Statement at Full Committee Hearing Investigating the Collapse of FTX

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Investigating the Collapse of FTX, Part I.” I’d like to welcome Mr. John Ray the third, who has been appointed as CEO of FTX to oversee its bankruptcy, to testify before our Committee for the first part of our…

Chairwoman Waters Statement on the Arrest of Sam Bankman-Fried

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Following news that Sam Bankman-Fried was arrested in the Bahamas, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement: “I am surprised to hear that Sam Bankman-Fried was arrested in the Bahamas at the direction of the United States Attorney for the Southern District of New York. It’s about time the process to bring…

Waters Announces Committee Victories in 2023 National Defense and Authorization Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the Fiscal Year 2023 National Defense Authorization Act (NDAA) — foundational legislation that supports our nation’s defense and national security. The law includes several priorities of Members of the Financial Services…

Waters Delivers Opening Statement at Subcommittee Hearing Examining Private Sector Disclosure of Workforce Management, Investment, and Diversity Data

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hybrid hearing entitled, “E, S, G and W: Examining Private Sector Disclosure of Workforce Management, Investment, and Diversity Data.” Thank you for holding this important hearing,…

Waters Delivers Opening Statement at Subcommittee Hearing on the Role of Financial Institutions in the Horrors of Slavery and the Need for Atonement, Part Two

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Oversight & Investigations hybrid hearing entitled, “An Enduring Legacy: The Role of Financial Institutions in the Horrors of Slavery and the Need for Atonement, Part Two.” Thank you, Chairman Green. At your previous hearing on this…

Waters Secures Key Committee Provisions in 2023 National Defense and Authorization Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that the Committee successfully secured key provisions in the latest text of the National Defense Authorization Act (NDAA) for Fiscal Year 2023 — foundational legislation that supports our nation’s defense and national security. The package will soon go to the House of…

Waters Delivers Opening Statement at Subcommittee Hearing Reviewing the Progress Made and a Plan to Achieve Full Economic Inclusion for Every American

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Diversity and Inclusion hearing entitled, “Unfinished Business: A Review of Progress Made and a Plan to Achieve Full Economic Inclusion for Every American.” Thank you very much, Ms. Garcia. As we approach the end of the 117th congress, I’m…

Waters Delivers Opening Statement at Full Committee Hearing on The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation.” Good morning, everyone. First, I'd like to say that I am incredibly proud that this Committee has made it a top priority to…

Waters Announces December Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of December: Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, “Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation.” …

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