This morning, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee in conjunction with Democratic Leader Hakeem Jeffries (D-NY); Assistant Leader Joe Neguse (D-CO); Congressman Jamie Raskin (D-MD), Ranking Member of the House Judiciary Committee; and the House Democratic Litigation Working Group led a group of 203 House Democrats in filing an amicus… Read more »

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, released the following statement in response to U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner’s recent action to terminate the Affirmatively… Read more »

Since President Trump and his unelected billionaire co-President Elon Musk moved to illegally shutter the widely supported Consumer Financial Protection Bureau (CFPB), the nation’s largest banks have remained silent. In response, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Financial Services Forum and the Banking… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Capital Markets Subcommittee hearing entitled, “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation.” Thank you very much, Chair Wagner. Democrats have… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Chairman French Hill (R-AR), requesting an emergency hearing with U.S. Department of Housing and Urban Development (HUD), Secretary Scott Turner, following the Trump Administration’s plans to decimate HUD staff and programs. In the letter, Congresswoman Waters raises… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast the Republican budget rip off, which guts funding for the Consumer Financial Protection Bureau and key federal programs. Mr. Speaker, I strongly oppose the Republican Budget Rip Off. I hear from constituents everyday about the high cost of living.… 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, “Examining Policies to Counter China.” Thank you, Mr. Chairman for this hearing. This is very important. Good morning, everyone. I and Committee Democrats have long recognized the national security… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted a member retreat with Committee Democrats to outline their plan and priorities for the 119th Congress. Waters invited a series of guests to discuss and engage with Committee members on issues impacting working-class families and consumers, particularly in the context of the new political… Read more »

Briefs urge the 4th and 5th Circuits to affirm the years-long lawmaking process of the Corporate Transparency Act as a legitimate exercise of congressional authorities Members first filed amicus brief defending the CTA in April 2024 Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senators Sheldon Whitehouse (D-RI), Ron Wyden… Read more »

Ranking Member Maxine Waters and Committee Democrats Vow to Continue Relentless Fight to Save the CFPB. This is just the beginning... In recent weeks, the Trump Administration and co-President Elon Musk, have officially launched their Project 2025 plan aimed at dismantling the Consumer Financial Protection Bureau, as Congresswoman Waters warned back in January. They recently… Read more »

Share your CFPB story HERE. The Consumer Financial Protection Bureau (CFPB) was created following the 2008 financial crisis. Since then, the agency has done exceptional work to protect working-class families and consumers from illegal junk fees, scams, fraud and other forms of abuse at the hands of big banks and predatory lenders. As a result, the CFPB has returned an astounding $21… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to reports regarding the Trump Administration’s plans, alongside the unofficial Department of Government Efficiency (“DOGE”), to eliminate at least 50% of staff at the U.S. Department of Housing and Urban Development (HUD). “I am not… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led key House Members in a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought, demanding answers regarding the agency’s compliance with the Trump Administration’s recent executive order directing federal agencies to dismantle all Diversity, Equity,… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led key House Democrats, including Congresswoman Nydia M. Velázquez (D-NY), Congressman Al Green (D-TX), Congressman Emanuel Cleaver, II (D-MO), Congresswoman Joyce Beatty (D-OH), Congresswoman Rashida Tlaib (D-MI), Congresswoman Sylvia Garcia (D-TX), Congressman Cleo Fields (D-LA),… Read more »

In light of Elon Musk and his Department of Government Efficiency (DOGE) team’s rapid and illegal takeover of multiple federal agencies today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Brad Sherman (D-CA), Ranking Member on the Subcommittee on Capital Markets, sent a letter to U.S. Securities and Exchange Commission… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Committee on Banking, Housing, and Urban Affairs sent a letter to banking regulators, including the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit… Read more »

In light of recent and illegal actions taken by the Trump Administration and Elon Musk to eliminate the Consumer Financial Protection Bureau (CFPB), today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Chairman French Hill (R-AK) urging the Chair to immediately convene a hearing with CFPB Acting Director Russell Vought on… 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.” Good morning, everyone. Welcome, Chair Powell.  Our country is on the precipice of an economic disaster unlike any we’ve seen in… Read more »

“The Trump Administration has effectively fired the financial cop on the beat and declared open season for predatory lenders and scam artists working to steal Americans’ money and threaten their financial security.” “We beat back all prior efforts to gut this agency, and we will fight this latest attack in Congress, the courts, and the public. It will fail.” Text of Letter… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congressman Bill Foster (D-IL), the Ranking Member on the Subcommittee on Financial Institutions, sent a letter to the Acting Director of the Consumer Financial Protection Bureau (CFPB), Russell Vought, sounding the alarm on his recent request of $0 from the Fed to fund the CFPB’s… Read more »

     This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, joined Democratic Members of Congress, consumer advocates, and Consumer Financial Protection Bureau (CFPB) staff outside the agency’s headquarters to demand answers following Elon Musk’s recent takeover of the agency. Over the past five days Trump, Acting… Read more »

“The Federal Reserve Board should refrain from weakening the stress testing framework and vigorously defend its clear legality in court.” “The changes sought by big banks…will come back to haunt families, small businesses, and the economy, increasing the likelihood of another Wall Street-driven economic collapse.” PDF of the Letter Congresswoman Maxine Waters (D-CA), Ranking… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to the Department of Housing and Urban Development (HUD) Secretary Scott Turner’s decision to suspend enforcement of HUD’s 2016 rule entitled “Equal Access in Accordance With an Individual’s Gender Identity in Community Planning and Development… Read more »

Today, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA) and Chairman French Hill (R-AR), issued the following statement after hosting a bipartisan California Wildfires Roundtable: “The Committee held a productive, bipartisan roundtable discussion on the devastating California wildfires where Members heard about the impacts of the disaster… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed six bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 975, the “Credit Union… Read more »