Following reports that Wells Fargo & Company has requested that the Federal Reserve remove an asset cap imposed in response to widespread consumer abuses and compliance breakdowns, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, wrote a letter to Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve System, requesting… Read more »
As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following floor statement in support of H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (CARES Act).
As Prepared for Delivery
Mr. Speaker, I rise in support of the Senate Amendment to H.R. 748, now referred to as the Coronavirus Aid, Relief, and Economic… Read more »
As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy… Read more »
As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy… Read more »
As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy… Read more »
As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy… Read more »
As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, led Committee Democrats in releasing the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic.
“The House… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, led a letter to Benjamin Carson, Secretary of the Department of Housing and Urban Development (HUD), urging him to withdraw the agency’s harmful 2020 Affirmatively Furthering Fair Housing (AFFH) proposal. This proposal would gut an important rule finalized by the Obama Administration that… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued a statement following Representative Ben McAdams’ (D-UT) announcement that he has been diagnosed with COVID-19:
“I and my colleagues are all wishing Representative McAdams a speedy recovery and good health.
“As a new Member of the Financial Services Committee this Congress,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released plans for a legislative package to provide a comprehensive fiscal stimulus and public policy in response to the coronavirus pandemic.
“As the COVID-19 pandemic continues to spread, we have seen the devastating effects on workers, consumers, investors, markets, and the economy,”… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the Federal Reserve’s (Fed) recent actions to increase liquidity to the financial system in response to the pandemic coronavirus (COVID-19) crisis:
“The global spread of the novel coronavirus has adversely impacted the lives of millions of Americans,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote to Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation (FDIC), calling on the agency not to grant any new Industrial Loan Company (ILC) charters until after the agency receives and considers feedback on a forthcoming new regulatory proposal regarding ILCs.… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services; Congressman Eliot Engel (D-NY), Chairman of the House Committee on Foreign Affairs; Congressman Raúl Grijalva (D-AZ), Chairman of the House Committee on Natural Resources, Congressman Brad Sherman (D-CA), Chairman of the Financial Services Subcommittee on Investor Protection,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the postponement of all remaining public hearings for March due to the urgent public health crisis resulting from the pandemic coronavirus:
POSTPONED – Full Committee hearing entitled, “An Examination of Secretary Carson’s Efforts to Undermine Affordable Housing in… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, led six letters to Administration officials, prudential regulators, financial services organizations and credit reporting agencies expressing concerns about risks related to coronavirus disease 2019 (COVID-19) and the steps they are taking to prevent Americans and the financial system from… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “Holding Wells Fargo Accountable: Examining the Role of the Board of Directors in the Bank’s Egregious Pattern of Consumer Abuses.”
As Prepared for Delivery
Today, we receive testimony from Elizabeth Duke and… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to alert the Department of Justice to a potential violation of the federal criminal statute prohibiting false statements to Congress by Tim Sloan, former Chief Executive Officer of Wells Fargo.
This letter follows a year-long investigation by the House Financial Services… Read more »
Following the release of a Majority staff report entitled, “The Real Wells Fargo: Board & Management Failures, Consumer Abuses, and Ineffective Regulatory Oversight,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full Committee hearing with Charles W. Scharf, Chief Executive Officer (CEO) and President of Wells Fargo &… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued a statement regarding Visa Incorporated’s efforts to proactively provide the Committee with their diversity and inclusion data and practices.
Last month, the Committee published a report on diversity and inclusion among large banks with more than $50 billion in assets. That report… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued a statement on the recent announcement that the Federal Deposit Insurance Corporation (FDIC) will offer voluntary retirement to 20 percent of its workforce and close or consolidate offices in Boston, California, Florida, Kentucky, Ohio, Oklahoma, and Tennessee:
“I am deeply concerned… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Al Green (D-TX), Chairman of the Subcommittee on Oversight and Investigations, released a Majority staff report entitled, “The Real Wells Fargo: Board & Management Failures, Consumer Abuses, and Ineffective Regulatory Oversight.”
This report is a result of a… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, Congressman Emanuel Cleaver (D-MO), Chairman of the Subcommittee on National Security, International Development and Monetary Policy, and Congressman French Hill (R-AR), Ranking Member of the… Read more »
Yesterday, the U.S. House of Representatives passed bipartisan financial services bills to protect servicemembers from predatory debt collectors, improve the availability of affordable housing and mortgage credit, and address concerns that China is trapping developing nations in a cycle of predatory debt. The bills passed include:
The Fair Debt Collection Practices for… Read more »
