Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several updates to the Committee schedule: January 14 at 10:00 AM – The full Committee will convene for a hearing entitled, “On the Brink of Homelessness: How the Affordable Housing Crisis and the Gentrification of America Is Leaving Families Vulnerable.” … Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the Trump Administration’s proposal to replace the Affirmatively Furthering Fair Housing (AFFH) rule issued under President Obama with a much weaker rule. “This proposed Affirmatively Furthering Fair Housing (AFFH) rule is yet another attack on fair… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of January: January 14 at 10:00 AM – The full Committee will convene for a hearing entitled, “On the Brink of Homelessness: How the Affordable Housing Crisis and the Gentrification of America Is Leaving Families Vulnerable.” … Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a compilation of the Committee’s successes in the first session of the 116th Congress, with a focus on the Committee’s longstanding commitment to creating opportunities, ensuring fairness, and protecting the economic well-being of all Americans. “During the 116th Congress, my… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, blasting the agency’s delayed release of the Notice of Funding Availability for fiscal year 2019 (FY19) funding for the Fair Housing Initiatives Program (FHIP). "Last year, our… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Kathleen Kraninger, Director of the Consumer Financial Protection Bureau, expressing concerns regarding reports that a Trump Administration political appointee, Thomas G. Ward, is the lead candidate for the Enforcement Director position at the Consumer Bureau. “The… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “I am disappointed that the $1.3 trillion appropriations bill, H.R. 1865, does not contain any significant new funding to tackle the homelessness crisis. On a given night, nearly 60,000 people in Los Angeles County experience homelessness, and this is not a… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the inclusion of World Bank funding and seven-year reauthorizations of the Terrorism Risk Insurance Act (TRIA) and the Export-Import Bank (EXIM) in House FY2020 appropriations legislation. “At the beginning of this Congress, I made clear that the long-term… Read more »

Following months of negotiations, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, applauded the inclusion of World Bank funding and seven-year reauthorizations of the Terrorism Risk Insurance Act (TRIA) and the Export-Import Bank (EXIM) in House FY2020 appropriations legislation. The provisions included in the appropriations legislation closely… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the Committee on Oversight and Reform, and Congressman Adam B. Schiff (D-CA), Chairman of the Permanent Select Committee on Intelligence, issued the following statement in response to the Supreme Court agreeing to review cases for President… Read more »

Yesterday, the House Financial Services Committee passed eight bills to protect student borrowers, enhance consumer credit reporting, ensure that regulators are working to preserve and promote Minority Depository Institutions (MDIs), and improve cybersecurity. The bills passed by the Committee included. Protecting Your Credit Score Act of 2019 (H.R. 5332), a bipartisan… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that she plans to lead a delegation of the Committee in attending a public meeting of the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors, which consists of FDIC Chairman Jelena McWilliams, Comptroller of the Currency Joseph Otting, Consumer Financial Protection… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, and Congressman Gregory Meeks (D-NY), Chairman of the House Subcommittee on Consumer Protection and Financial Institutions, led a letter to Jerome H. Powell, Chairman of the Board of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup to protect student loan borrowers, improve our broken credit reporting system, preserve and promote Minority Depository Institutions and strengthen our nation’s cybersecurity As Prepared for Delivery Today the Committee will… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the passing of Paul Volcker. “I am deeply saddened by the news that Paul Volcker, former Chairman of the Federal Reserve and outspoken advocate for financial reform, has passed away. Chairman Volcker was a dedicated public servant and leader whose… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Congressman Brad Sherman (D-CA) was elected by the Committee’s Democratic Caucus to serve as Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. “I am very proud of the work the House Financial Services Committee has completed during the… Read more »

Today, the U.S. House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act, a bill to create the nation’s first statute explicitly banning insider trading. H.R. 2534 creates a clear definition of illegal insider trading under securities laws so that there is a codified, consistent standard for courts and participants in financial markets, and to better protect the… 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, “Promoting Financial Stability? Reviewing the Administration’s Deregulatory Approach to Financial Stability." As Prepared for Delivery Welcome back, Secretary Mnuchin. Today we are here to discuss the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions?” As Prepared for Delivery Good morning. Today we are here to conduct oversight of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Committee Democrats wrote a letter to Ben Carson, Secretary of the Department of Housing and Urban Development, blasting the agency’s proposed changes to the disparate impact standard under the Fair Housing Act, which would make it harder for everyday Americans who find… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the following updates to the Committee schedule for the month of December: December 4 at 10:00 AM – The full Committee will convene for a hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R.5187, the Housing is Infrastructure Act of 2019, a bill to provide the necessary funding to improve the nation’s housing infrastructure and create jobs across the country. “We are in the midst of a housing affordability crisis across the country, caused in part by the lack of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions.” As Prepared for Delivery Thank you, Chairman Meeks. Minority… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement in response to the Federal Reserve and Federal Deposit Insurance Corporation’s (FDIC) approval of the merger between SunTrust and BB&T. “I have long voiced concerns about the threat that megabanks pose to consumers and our economy. In order to shed light on… Read more »

Today, the U.S. House of Representatives passed H.R. 5084, the Improving Corporate Governance Through Diversity Act of 2019, a bill that requires public companies to annually disclose the voluntarily, self-identified gender, race, ethnicity, and veteran status of their board of directors, nominees, and senior executive officers. This bill was introduced by Congressman Gregory Meeks… Read more »