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 »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Comptroller General of the Government Accountability Office (GAO), Eugene Dodaro, following up on her 2023 request for an examination of the impact of artificial intelligence (AI) on access to fair and affordable housing. On the heels of the ongoing Los Angeles… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, unveiled payment stablecoin legislation agreed to by then Chair McHenry’s and Ranking Member Waters’ staffs. This bill represents the culmination of three years’ worth of work to craft bipartisan stablecoins legislation, dating back to when Waters was Chair, and reflects extensive… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following reports that Elon Musk has taken over the Consumer Financial Protection Bureau (CFPB) and is rapidly advancing plans to eliminate the agency. These plans were further confirmed when Musk tweeted yesterday, “CFPB RIP.”
“Make no mistake, unelected… Read more »
With the Trump Administration and co-President Musk now targeting the CFPB, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this fact sheet to educate co-President Musk, Members of Congress, and the American public on the critical importance of the Consumer Financial Protection Bureau (CFPB).
What Is DOGE Doing at the… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman Bill Foster (D-IL), Ranking Member of the Subcommittee on Financial Institutions and Monetary Policy, Speaker Emerita Nancy Pelosi (D-CA), and 78 House Democrats, sent a letter to Acting Consumer Financial Protection Bureau (CFPB) Director, Scott Bessent. In the letter, the… 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, “Making Community Banking Great Again.”
As Prepared for Delivery
Good morning. Today, we are here to discuss how to strengthen community banks and credit unions, vital institutions that are… Read more »
Today, U.S. Representatives Maxine Waters, Ranking Member of the House Financial Services Committee; Jim Himes, Ranking Member of the House Permanent Select Committee on Intelligence; Gregory W. Meeks, Ranking Member of the House Foreign Affairs Committee; Adam Smith, Ranking Member of the House Armed Services Committee; Gerry Connolly, Ranking Member of the House Oversight Committee;… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the re-launch of a whistleblower webpage on the Committee’s official website to allow members of the general public and government employees in financial services agencies to report misconduct, financial waste, fraud, workplace abuse, and abuse of power under the Trump… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Donald Trump’s latest decision to fire the Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra. Director Chopra’s term is not set to end until 2026. Congresswoman Waters recently released a fact sheet exposing President… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following an order from a U.S. District Judge temporarily blocking the Trump Administration’s order to freeze all federal grants and loans until February 3rd.
“I would like to express my gratitude to the National Council of Nonprofits, the American Public… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member on the House Financial Services Committee, joined Rep. Gerald E. Connolly, Ranking Member of the Committee on Oversight and Government Reform, and House Committee Ranking Members in a letter to President Donald Trump condemning his attempted late-night purge of at least 12 independent inspectors general, which appears to have… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Director of the Office of Management and Budget (OMB), the United States Attorney General and the Director of the Office of Personnel Management (OPM) following the Trump Administration’s recent Executive Order directing agencies to work together to terminate all… 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 organizational meeting. During the organizational meeting, the Committee will approve the rules and oversight plan for the 119th Congress and consider resolutions to establish a Committee Task Force and appoint members to… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced Subcommittee Ranking Members and Subcommittee membership for the House Committee on Financial Services for the 119th Congress. Subcommittee Ranking Members are subject to approval by the Democratic Steering and Policy Committee:
Subcommittee on Capital… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced membership for the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force for the 119th Congress.
Democratic Members of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force:
Representative Juan Vargas (CA-52),… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump’s latest move to launch a meme coin.
“On January 17, 2025, just days before his inauguration, President Trump launched the so-called ‘TRUMP MEME’ crypto token ($TRUMP) and reportedly increased his personal wealth 10-fold from unknown… Read more »
As wildfires continue to spread across Los Angeles County, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congressman Brad Sherman (D-CA), reintroduced the Wildfire Insurance Coverage Study Act. This bill, which passed the Committee with overwhelming bipartisan support last Congress, would require the Government Accountability… Read more »
As President-elect Trump prepares to take office, one of his top priorities is to fund tax breaks for wealthy corporations and billionaires by gutting or eliminating critical government programs and services for Americans. To lead the charge, he’s tapped his co-President and the richest man on the planet, Elon Musk. Musk has relentlessly targeted agencies critical to a functioning… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued a fact sheet with additional resources for families and individuals affected by the Los Angeles County wildfires. Congresswoman Waters will continue to share relevant updates as needed. Households can access real-time updates on available resources through the Committee Democrats’… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued a fact sheet with resources for families and individuals affected by the Los Angeles County wildfires. Congresswoman Waters will continue to share relevant updates as needed. Households can access real-time updates on available resources through the Committee Democrats’ webpage… Read more »
