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, “Bureaucratic Overreach or Consumer Protection? Examining the CFPB's Latest Action to Restrict Competition in Payments.” Thank you very much Mr. Chair.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Housing and Urban Development (HUD) Secretary, Marcia Fudge, will be stepping down as HUD Secretary and retiring this month. “Our country has benefited immensely from Secretary Fudge’s leadership at the helm of HUD, fighting to address our… Read more »

        Yesterday, ahead of President Biden’s State of the Union address, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, along with Representatives Emanuel Cleaver (D-MO), Brad Sherman (D-CA), Steven Horsford (D-NV), Rashida Tlaib (D-MI), Wiley Nickel (D-NC), Brittany Pettersen (D-CO), Jonathan Jackson (D-IL), and… Read more »

This morning, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to sound the alarm on our nation's growing housing and homelessness crisis and encourage the Biden administration to commit to addressing this crisis and highlighting it as a major priority in his State of the Union address. Thank you, Mr. Speaker. In… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Securities and Exchange Commission's (SEC) latest approval of the agency’s climate disclosure rule. This rule directs public companies to disclose key details about their role in driving climate change and the threat that warming poses to their… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s (CFPB) finalized rule to cut excessive credit card late fees, and reduce the typical fee from $32 to $8. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to… Read more »

This evening, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 2799, the “Expanding Access to Fraud Act,” which is a Republican-led bill that would allow fraud and financial abuse to proliferate within our capital markets and raise costs on small businesses. As prepared for delivery Chair, I rise… 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 hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report.” Thank you very much Mr. Chairman. Good morning, everyone. Welcome back Chair Powell. While I am pleased by the progress the Fed and the Biden… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during today’s full Committee markup. The “Wildfire Insurance Coverage Act” led by Ranking Member Maxine Waters (D-CA). This bill would require the Government Accountability Office (GAO) to conduct a study… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Thank you very much, Mr. Chairman. Good morning. Today, this Committee is marking up five bills, including my bill, as you just mentioned the “Wildfire Insurance Coverage Study Act.” Climate change is making… Read more »

Following Capital One’s recent announcement that they plan to purchase Discover, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 15 House Democrats in a letter urging the U.S. Department of Justice and our nation’s banking regulators, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Capital One Financial Corporation is proposing to purchase Discover Financial Services for $35 billion. “I am deeply opposed to Capital One’s announced acquisition of Discover. This merger, which involves two of the country’s largest banks… Read more »

       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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… 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 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… Read more »

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… Read more »

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… 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 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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »