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Press Releases

Ranking Member Maxine Waters Applauds Court Decision Blocking Trump’s Effort to Dismantle Minority Business Development Agency and Fire Employees

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to a federal court’s ruling temporarily blocking President Donald Trump’s March 4th Executive Order (EO) aimed at reducing the Minority Business Development Agency (MBDA) federal workforce and eliminating the agency altogether. The…

Ranking Member Maxine Waters, Vice Ranking Member Sean Casten, and 39 Democratic Members Call out Top U.S. Financial Institutions for Abandoning Commitment to Address Growing Climate Crisis

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman Sean Casten (D-IL), Vice Ranking Member of the Committee, and 39 other Members sent a letter to the Chief Executive Officers of leading U.S. financial institutions, including Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, Northern…

Ranking Member Maxine Waters: “Republicans Want Faster Bank Mergers, Which Will Wipe Out Community Banks and Credit Unions and Leave Just a Few Megabanks to Serve Our Constituents.”

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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 Subcommittee hearing entitled, “Enhancing Competition: Shaping the Future of Bank Mergers and De Novo Formation.” As Prepared for Delivery “Good afternoon. “Republicans want faster bank mergers, which will…

Ranking Member Maxine Waters: “[Republicans] Said They Want Affordable Housing but Support Trump’s Proposed Budget That Would Cut $26 Billion in Rental Assistance Programs and Defund Key Federal Housing Programs.”

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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 Housing and Insurance Subcommittee hearing entitled, “Expanding Choice and Increasing Supply: Housing Innovation in America.” “Thank you very much, Mr. Chairman. “Families across America are reeling from a growing housing and…

Waters, Jeffries, Schumer, Warren Lead 233 Former and Current Members of Congress, Entire Senate Democratic Caucus in Filing Amicus Brief Defending Consumers and the Consumer Financial Protection Bureau from Trump-Musk Assault

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, House Democratic Leader Hakeem Jeffries (D-NY), Senate Democratic Leader Chuck Schumer (D-NY), and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Banking Committee, led 233 current and former Members of Congress, including the entire Senate Democratic caucus, in filing…

ICYMI: Ranking Member Maxine Waters Leads Committee Democrats in Walkout of Sham Republican Crypto Hearing, Holds Democratic Hearing on Trump’s Crypto Corruption

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    This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats including Representatives Brad Sherman (D-CA), Stephen Lynch (D-MA), Bill Foster (D-IL), Sean Casten (D-IL), and Sylvia Garcia (D-TX), in blocking a joint crypto hearing held by Republicans on the Financial Services and Agriculture Committee…

Ranking Member Maxine Waters, Representative Cleaver Urge Funding for Rural Housing Amid Growing Housing and Homelessness Crisis

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Tags: HUD

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Emanuel Cleaver II (D-MO), Ranking Member on the Housing and Insurance Subcommittee, sent a letter to the U.S. House Appropriations Committee requesting critical funding to support Americans living in rural communities. In the letter, the lawmakers underscore the urgent need for…

Ranking Member Maxine Waters: “Secretary Bessent, You Are About to Go Down in History as the Man Who Oversaw One of the Most Significant Economic Downfalls in Modern History.”

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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 Testimony of the Secretary of the Treasury on the State of the International Financial System.” “Thank you, Mr. Chairman.  “Since the very first day of the Trump Administration,…

Ranking Member Waters Blasts Trump’s Destructive Budget to Decimate HUD Programs

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released a statement in response to Trump’s Fiscal Year 2026 budget proposal, which calls for shocking cuts to critical federal housing programs. The proposal would cut funding for the U.S. Department of Housing and Urban Development, by $26 billion and effectively end housing assistance…

Ranking Member Maxine Waters at Democratic Hearing on Trump’s Crypto Corruption: “Republicans Aren’t Just Ignoring Trump’s Corruption, They Are Legitimizing Trump and His Family’s Efforts to Enrich Themselves on the Backs of Average Americans.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, blocked the originally scheduled Financial Services and Agriculture Committee joint committee hearing following Chairman Hill’s refusal to include provisions in legislation blocking President Donald Trump from further enriching himself with crypto. In response, Waters convened a separate…

Ranking Member Maxine Waters to Object to Joint Republican Crypto Hearing: “I Cannot in Good Faith Agree to Such a Hearing That Seeks to Ignore What Trump and His Family Are Doing.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in advance of her planned objection to the upcoming joint Financial Services and Agriculture Digital Assets Subcommittee hearing on cryptocurrency. Because this is a joint hearing, the unanimous consent of all Subcommittee Members is required for the…

Ranking Member Waters Announces GAO and Inspector General to Launch Investigations into Trump-Musk CFPB Shutdown Following Her Request

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this statement in response to the decision by the Government Accountability Office (GAO) and the Inspector General for the Federal Reserve, which also serves as the Inspector General for the Consumer Financial Protection Bureau (CFPB), to investigate the unlawful shutdown of the…

Waters, Warren Demand Fed Reconsider Its Decision to Rubber Stamp Dangerous Capital One-Discover Merger

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Read letter here Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, wrote to the Federal Reserve Board of Governors (Fed) calling for a reconsideration of the anti-competitive Capital One-Discover merger that the Fed recently…

BREAKING: Republicans Voted to Give Billionaires $7 Trillion Tax Cut and Drive U.S. Toward 2008-Style Recession

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    After a catastrophic first 100 days in office, during which President Trump has wrecked the economy and put the United States on track toward a recession, on Wednesday, Committee Republicans doubled down on this dangerous agenda by voting to advance the Billionaire Tax Cut bill out of Committee. This bill is riddled with harmful, deregulatory, and flat-out dangerous…

Ranking Member Maxine Waters: “This Week Marks 100 Days Under the Trump Regime, and It Is Impossible to Ignore How Badly Trump Has Tanked the Economy. The American Economy Shrank 0.3% Last Quarter, While Canada, Europe and China All Grew.”

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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 Markup. “Good morning. This week marks 100 days under the Trump regime, and it is impossible to ignore how badly Trump has tanked the economy. It was just reported that the American economy shrank 0.3% last quarter,…

Waters and Warren Introduce Bill to Restore Civil Rights Protections During Fair Housing Month

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Committee on Financial Services, and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Committee on Banking, Housing, and Urban Affairs, introduced the “Restoring Fair Housing Protections Eliminated by Trump Act of 2025,” which would restore the Affirmatively Furthering Fair Housing (AFFH) Rule that was…

Ranking Member Waters: “…There Is a Very Real Cartel Happening Right in Front of Our Faces—Donald J. Trump & Associates.”

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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, “Exposing the Proxy Advisory Cartel: How ISS & Glass Lewis Influence Markets.” “Thank you. This hearing is titled ‘Exposing the Proxy Advisory Cartel.’ But there is a very real cartel…

Ranking Member Maxine Waters Commends Chair Powell for Standing Firm Against Trump’s Unlawful Plans to Fire Him

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement after President Trump capitulated and said he currently has “no intention” to fire the Chair of the Board of Governors of the Federal Reserve System (Fed), Jerome Powell. “I commend Chair Powell for standing strong in defense of the Federal Reserve’s…

Ranking Member Maxine Waters: “Republicans Are Once Again Using Community Banks to Advance an Agenda for Megabanks.”

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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 Subcommittee hearing entitled, “Regulatory Overreach: The Price Tag on American Prosperity.” Good morning. Republicans are once again using community banks to advance an agenda for megabanks. Instead, we should…

Ranking Member Maxine Waters Applauds Lawsuit Filed by Todd Harper and Tanya Otsuka Against Trump Administration Over Unlawful Removal from National Credit Union Administration Board

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Tags: NCUA

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to the lawsuit filed by Todd Harper and Tanya Otsuka – two former Democratic members of the National Credit Union Administration Board – against the Trump Administration for unlawfully firing them without cause. The Congresswoman put out a…

Ranking Member Maxine Waters Slams Trump Administration’s Approval of Capital One-Discover Merger

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Office of the Comptroller of Currency (OCC) and the Board of Governors of the Federal Reserve System’s (Fed) decision to approve the Capital One’s acquisition of Discover. “The Trump Administration’s approval of the Capital One-Discover merger…

Ranking Member Waters, Congressman Foster Lead 88 House Democrats in Demanding Trump Administration Reverse Order Eliminating CDFI Fund

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congressman Bill Foster (D-IL), the Ranking Member of the Financial Institutions Subcommittee, led 88 House Democrats in a letter to U.S. Department of the Treasury Secretary, Scott Bessent, following an Executive Order issued by President Donald Trump last month, aimed at slashing…

Ranking Member Maxine Waters’ Statement on Ruling Blocking Trump Administration’s Illegal Firing of Nearly All CFPB Employees

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Tags: CFPB

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…

Ranking Member Maxine Waters Blasts Trump’s Illegal Ouster of National Credit Union Administration Board Members, Concerned Federal Reserve May Be Next

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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…

Congresswoman Maxine Waters Urges Chairman Hill to Join Her in Preserving Emergency Housing Vouchers that Prevent Mass Homelessness

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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…

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