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Press Releases

Waters Calls on FHFA to Scrap Unnecessary Refinance Penalty

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Tags: FHFA

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Financial Services Committee, issued the following statement following the Federal Housing Finance Agency’s (FHFA) announcement that it would delay its recently announced adverse market fee for refinance mortgages: “Just two weeks ago, Director Calabria approved an outrageous penalty, in the middle of a pandemic and an…

Waters and Clay Slam New Adverse Market Fee That Could Cost Homeowners Thousands of Additional Dollars

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development and Insurance, issued the following statement after Fannie Mae and Freddie Mac (The Enterprises) announced that refinance mortgage loans sold…

GAO Study Requested by Waters Confirms Homelessness Much Worse Than Previously Reported

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after the U.S. Government Accountability Office (GAO) released a report entitled, “Homelessness: Better HUD Oversight of Data Collection Could Improve Estimates of Homeless Population,” following Waters’ 2018 request for a comprehensive study on the state of…

Waters Responds to Empty Trump Executive Orders and Presidential Memoranda

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement in response to Trump’s issuance of several executive orders and presidential memoranda: “Today, Trump issued four highly questionable executive orders and presidential memoranda on payroll taxes, student loans, unemployment insurance, and evictions. These…

Waters and Meeks Introduce the “Promoting and Advancing Communities of Color Through Inclusive Lending Act”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions, introduced the “Promoting and Advancing Communities of Color Through Inclusive Lending Act,” legislation which would build on the Committee’s work to support Community Development…

Waters, Gottheimer, Sherman, Foster, and Lynch Lead Call For SEC Investigation into Kodak; Cite Concern Over Insider Trading Related to Defense Production Act Deal

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Tags: SEC, COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Josh Gottheimer (D-NJ), Congressman Brad Sherman (D-CA), Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, Congressman Bill Foster (D-IL), Chairman of the Task Force on Artificial Intelligence, and Congressman Stephen F. Lynch (D-MA),…

Waters, Warren and Gillibrand Introduce Legislation Requiring the Fed to Close Racial Employment and Wage Gaps

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee Subcommittee on Financial Institutions and Consumer Protection, and Senator Kirsten Gillibrand (D-NY), introduced legislation to require the Federal Reserve to use its existing…

Waters, Engel, Clyburn, Maloney, Green Launch Investigation into $765 Million Deal Between Trump Administration and Kodak

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Eliot L. Engel (D-NY), Chairman of the House Committee on Foreign Affairs, Congressman James E. Clyburn (D-SC), Chairman of the House Select Subcommittee on the Coronavirus Crisis, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, and…

Waters Statement on Amendments Offered to the Department of Defense Appropriations Act of 2021

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Tags: Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement urging the House of Representatives to approve amendments offered by her to the Defense, Commerce, Justice, Science, Energy and Water Development, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education,…

Waters to Kraninger: Your Actions Are a Betrayal of Consumers

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hearing entitled, “Protecting Consumers During the Pandemic? An Examination of the Consumer Financial Protection Bureau.” As Prepared for Delivery I would like to welcome Director Kraninger to what I hope will be her last…

Waters to Senate Republicans: How Dare You!

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement regarding the potential inclusion of legislation to weaken capital requirements for big banks in Senate Republicans’ HEALS Act: “Senate Republicans have been asleep at the wheel for months while this crisis continued to balloon in scale. Now, they have put…

Waters Again Sounds Alarm on Need to Prevent Evictions; Calls Senate Republican HEALS Act a ‘Slap in the Face’ to Struggling Families

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following remarks at a virtual press conference on the impending eviction crisis brought on by COVID-19 and the Republican Senate’s failure to act. I am very pleased that you invited me to be a part of this press conference today. This is extraordinarily important. I’m pleased to…

Waters, Clay, and Heck Request Housing Finance Regulator Pause Rulemaking Increasing Capital for Fannie Mae and Freddie Mac

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Tags: FHFA

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development and Insurance, and Congressman Denny Heck (D-WA), sent a letter to Dr. Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), urging the agency to prioritize economic recovery amid the…

Waters Blasts Senate Inaction on Eviction Moratorium; Continues Fighting to Pass Legislation to Extend Rental Assistance

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement regarding the expiration of the federal eviction moratorium: “This weekend, the federal eviction moratorium put in place by Congress in the CARES Act expired. The expiration occurred due to the cruel indifference of Mitch McConnell and Senate Republicans, who…

Waters, Nadler and Clay Slam Trump Administration Decision to Terminate Affirmatively Furthering Fair Housing Rule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Jerrold Nadler (D-NY), Chairman of the House Committee on the Judiciary, and Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development and Insurance, issued the following statement in response to the U.S. Department of Housing and Urban…

Waters at Hearing on Need for Senate to Pass Heroes Act: Families Are Again Suffering Through No Fault of Their Own; We Must Not Leave Them Behind

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hearing entitled, “The Heroes Act: Providing for a Strong Economic Recovery from COVID-19.” 69 days ago, the House passed the Heroes Act to provide the relief to families that is so badly needed in the midst of this ongoing…

Ahead of Hearing on Urgently Needed Coronavirus Relief, Waters Denies Ranking Member Request to Cancel Hearing, Highlights Bipartisan Efforts to Help Americans

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Tags: COVID-19

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services sent a letter to Ranking Member Patrick McHenry (R-NC) rejecting his request to reconsider convening a Full Committee hearing entitled, “The Heroes Act: Providing for a Strong Economic Recovery from COVID-19,” and reasserting the urgent need to provide relief to the millions of suffering Americans…

Waters Remarks on 10th Anniversary of the Dodd-Frank Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following remarks at an event commemorating the 10th Anniversary of the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Thank you very much and thank you for that very generous introduction. I am so pleased and delighted that I was asked to…

Chairwoman Waters Announces Additional July Hearings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following additional hearings in the month of July: July 23 at 10:30 AM – The full Committee will convene for a hearing entitled, “The Heroes Act: Providing for a Strong Economic Recovery from COVID-19." This hearing will convene in a “hybrid” format, which provides…

Waters, Smith, Engel, Thompson and Pallone Seek Information on Trump Administration Failures to Boost Production of PPE and Testing As COVID-19 Cases Spike

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congressman Adam Smith (D-WA), Chairman of the House Committee on Armed Services, Congressman Eliot Engel (D-NY), Chairman of the House Committee on Foreign Affairs, Congressman Bennie Thompson (D-MS), Chairman of the House Committee on Homeland Security, and Congressman Frank Pallone, Jr.…

Waters Statement on Supreme Court Decision on Trump v. Deutsche Bank AG

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement on the U.S. Supreme Court’s decision on Trump v. Deutsche Bank, AG, on whether Congress has the authority to subpoena the President’s financial records. “Today, the Supreme Court reaffirmed that the President is not above the law. While I had hoped the…

ICYMI: Waters and Wexton Call on HUD to Reconsider Revisions to Equal Access Rule

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Tags: HUD

On June 29, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Jennifer Wexton (D-VA) sent a letter to Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, calling on the agency to reconsider publishing its proposed rule entitled, “Making Admission or Placement Determinations Based on Sex in Facilities…

Waters Statement on Supreme Court Decision to Curb Consumer Bureau’s Independence

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the Supreme Court decision in Seila Law LLC v. Consumer Financial Protection Bureau. “This decision from the Supreme Court diminishes the independence of the Consumer Financial Protection Bureau (Consumer Bureau) by allowing the President to fire…

Chairwoman Waters Announces July Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of July: July 7 at 12:00 PM - The Subcommittee on National Security, International Development and Monetary Policy will convene for a hearing entitled, “Paycheck Security: Economic Perspectives on Alternative Approaches to…

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