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Press Releases

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…

Congresswoman Maxine Waters on GOP Effort to Overturn Protections for Small Businesses: “Senate Joint Resolution 32 is Just Another Part of Republicans’ Relentless Attack on the CFPB.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement on the House floor in opposition of Senate Joint Resolution 32, a Republican-led resolution that would hurt small businesses by overturning a Consumer Financial Protection Bureau (CFPB) rule to support small businesses by improving transparency and…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing with Consumer Financial Protection Bureau: “Committee Democrats Urge Our Nation’s Justices to Stand with The 82% of Americans, Including 77% of Republicans Who Want the Agency to Continue Doing its Job.”

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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 Semi-Annual Report of the Bureau of Consumer Financial Protection.” Good morning. I’d like to welcome Director Rohit Chopra back to our Committee and applaud the excellent work the CFPB has done…

Ranking Member Maxine Waters Blasts Extreme MAGA Republican Resolution to Overturn Critical Rule to Protect Small Businesses, Root out Discrimination in Lending

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony at Rules Committee in response to Senate Joint Resolution 32, which is a Republican-led resolution aimed at overturning a Consumer Financial Protection Bureau rule to support small businesses by improving transparency and fairness in small business…

Ranking Member Maxine Waters Urges IMF to Expand Efforts to Combat Corruption

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Janet Yellen, the Secretary of the United States Treasury, requesting that the U.S. Treasury work with the International Monetary Fund (IMF) to better combat corruption. In the letter, Ranking Member Waters emphasizes the harm that corruption poses to a government’s…

Ranking Member Waters Urges OCC to Drop Citibank’s Performance Rating for Intentionally Discriminating Against Armenian Americans

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Acting Comptroller of the Office of the Comptroller of the Currency (OCC) urging the OCC to consider taking additional actions to hold the bank accountable, including downgrading Citi’s Community Reinvestment Act (CRA) rating. The CRA is a crucial tool used by the…

Ranking Member Maxine Waters’ Statement on New CBO Report on Expected Flood Damages to Homeowners with Federal Mortgages, Calls for Long-Term Reauthorization and Reform of the National Flood Insurance Program

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the release of a new report by the Congressional Budget Office entitled, “Flood Damage and Federally Backed Mortgages in a Changing Climate.” “I’ve long sounded the alarm on the effects of climate change, and the Congressional Budget Office’s (CBO)…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing with Prudential Regulators: “After the Failures of Silicon Valley Bank, Signature Bank, and First Republic…It Was Our Nation’s Regulators and President Biden’s Treasury Department That Protected Our Nation’s Economy.”

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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 Prudential Regulators.” Good morning and thank you Mr. Chairman for holding this hearing, continuing the tradition that Democrats started in holding semi-annual hearings to provide…

Ranking Member Waters Announces Passage of Bipartisan Legislation to Protect U.S. National Security During Full Committee Markup

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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 this week’s full committee markup. Next, these bills will await passage on the House floor. H.R. 6365, the “Stopping Illicit Oil Shipments Act of 2023” led by Ranking Member Maxine Waters (D-CA). This…

Ranking Member Waters Delivers Opening Statement During Full Committee Markup: “There Is a Strong, Bipartisan Desire to Send a Clear Signal That Terrorism, From Iran’s Support of Hamas and Hezbollah to Russia’s Illegal Invasion of Ukraine Will Not Be Tolerated.”

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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. On October 7th, Hamas launched a deadly attack against the people of Israel, resulting in the death of more than 1,400 Israelis, as well as over 30 Americans. I again condemn Hamas for this…

Ranking Member Maxine Waters Applauds CFPB’s Proposed Oversight of Digital Wallet and Payment Apps

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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 the Consumer Financial Protection Bureau’s proposed rule that would subject digital payments apps to the same supervisory examinations the bureau conducts on banks and credit unions. “I applaud the Consumer Financial Protection Bureau (CFPB) under…

Ranking Member Waters Delivers Opening Statement During Subcommittee Hearing on Financial Regulation: “We are 10 Days Away from A Costly Government Shutdown, and Instead of Working with Democrats...Republicans Are Advancing Funding Bills That Slash Critical Funding and Undermine Agencies.”

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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 Subcommittee on Financial Institutions and Monetary Policy hearing entitled, “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation.” We are 10 days away from a…

Ranking Member Maxine Waters Applauds Biden Administration’s “Retirement Security” Rule Proposal

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Biden Administration’s latest Department of Labor (DOL) “Retirement Security” rule proposal. “I welcome the Biden Administration’s and the Department of Labor’s (DOL) release of the ‘Retirement Security’ rule proposal, which will strengthen…

Ranking Member Maxine Waters Urges Chair Gensler to Move Quickly to Finalize Climate-Risk Disclosure Rule

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent this letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (“the Commission”) urging the Commission to move quickly to finalize its proposed rule from 2021 to improve the quality of climate related disclosures in our capital markets. Since the Commission…

Ranking Member Maxine Waters Highlights Work to Support Small, Diverse Businesses During Treasury’s Annual Freedman’s Bank Forum

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered opening remarks for the United States Treasury's Annual Freedman’s Bank forum for a panel entitled, “Scaling Underserved Businesses through Capital and Ecosystem Support” to discuss the progress that’s been made to deliver capital and technical assistance to help…

Ranking Member Maxine Waters Applauds Final Rule to Strengthen Community Reinvestment Act

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Tags: OCC, FDIC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Board of Governors of the Federal Reserve System (Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency’s (OCC) final rule to strengthen the Community Reinvestment Act, which requires banks to lend…

Ranking Member Maxine Waters’ Statement on CFPB’s Proposed Personal Financial Data Rights Rule

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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 the Consumer Financial Protection Bureau’s (CFPB) notice of proposed rulemaking entitled, “Personal Financial Data Rights,” which if finalized would implement Section 1033 of the Dodd-Frank Act regarding consumer data rights and market competition. The…

Ranking Member Maxine Waters’ Statement on Senate Vote to Reverse CFPB’s Small Business Lending Data Collection Rule

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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 the Senate’s vote to block the Consumer Financial Protection Bureau’s (CFPB) small business lending data collection rule. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to protecting consumers from a…

Ranking Member Waters Honored for Supporting Community Development Financial Institutions, Minority-Owned Businesses and Helping Close Racial-Wealth Gap

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Tags: GAO

This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, accepted the 2023 Community Development Financial Institutions (CDFI) Congressional Champion Awards from the Opportunity Finance Network. This award honors Members of Congress who have been leaders in support of the CDFI industry.       “It’s an honor to receive…

Ranking Member Waters Applauds Biden Administration’s Latest Action on Junk Fees, Announces Forthcoming Legislation

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Tags: CFPB, FTC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Biden Administration’s latest action to crack down on junk fees and bring down costs for American consumers. “I applaud President Biden, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, and Federal Trade Commission (FTC)…

Ranking Member Waters’ Statement Following Oral Arguments in CFPB v. CFSA

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Service Committee released this statement following oral arguments this week in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA), regarding the constitutionality of the agency’s independent funding structure. “As the Solicitor General made clear…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing on SEC: “I Hope… The American Public Will Understand That This Extreme MAGA Republican Shutdown Is the Biggest Threat to Our Nation’s Investors, Small Businesses, And Working Families”

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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 full Committee hearing entitled, “Oversight of the Securities and Exchange Commission.” Good morning. The Chairman just indicated that his patience is running thin, mine is thinner with the opposite side of the aisle and extreme MAGA…

Ranking Member Waters Announces Passage of Bipartisan Legislation During Full Committee Markup

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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 this week’s full Committee markup. H.R. 5523, the “Financial Access Improvements Act” led by Ranking Member Maxine Waters (D-CA). This bill would add optional components to the State Department’s…

Ranking Member Waters Delivers Opening Statement at Full Committee Markup: “…I Have a Question for the Speaker and MAGA Republicans: ‘When Are You Going to Stop Turning Your Back on Democracy, Both at Home And abroad?’”

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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 full Committee markup. When I was Chairwoman of this Committee last Congress, this Committee came together after Russia’s unprovoked invasion of Ukraine, to craft bipartisan legislation aimed at protecting Ukraine and holding Russia…

Ranking Member Waters Delivers Opening Statement at Subcommittee Hearing: “…Republicans Are Focusing Exclusively On How Proposed Changes From Regulators Will Impact Wall Street, NOT Consumers…”

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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 on Financial Institutions and Monetary Policy hearing entitled, “A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences.” Here we go again. Instead of marking up sensible bills that have bipartisan…

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