Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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,… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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.”
… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services released this statement following the Biden administration’s nomination of Martin Gruenberg to be chairman of the Federal Deposit Insurance Corporation (FDIC):
“I want to congratulate Acting Chair Martin Gruenberg on his nomination by President Biden to serve as chairman of the Federal… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” As it stands, America’s workers, small businesses, and communities are feeling the impacts of persistent inflation, an… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.”
Good morning, everyone. I would like to welcome Vice Chair Barr, Acting Chairman… Read more »
Today, the Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), and the Ranking Member of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), announced a bipartisan hearing into the collapse of FTX and the broader consequences for the digital asset ecosystem. In December, the Committee expects to hear from the companies and… Read more »
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 hearing entitled, “Investing in our Rivals: Examining U.S. Capital Flows to Foreign Rivals and Adversaries Around the World.”
Each year, billions of dollars of capital from the U.S.… Read more »
