Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Facebook Chairman and CEO Mark Zuckerberg will testify before the Committee at an October 23 hearing. Zuckerberg will be the sole witness at the hearing, which is entitled, “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” In July,… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of October: Wednesday, October 16 at 10:00 AM: The full Committee will convene a hearing entitled, “Who Is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Wednesday,… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of October: Wednesday, October 16 at 10:00 AM: The full Committee will convene a hearing entitled, “Who is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Wednesday,… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the Appraisal Subcommittee (ASC) Chairman Arthur Lindo requesting answers about ASC’s decision to grant a waiver of appraiser certification and licensing to the state of… Read more »

Today, the U.S. House of Representatives passed H.R. 1595, the SAFE Banking Act, legislation sponsored by Congressmen Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers (R-OH) and Warren Davidson (R-OH), Members of the House Financial Services Committee, to make reforms that will ensure that state-authorized and regulated Cannabis businesses are not forced to operate with cash only.… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement on the need for comprehensive federal cannabis reforms. “I am very pleased that the SAFE Banking Act, which makes reforms to ensure that state-authorized and regulated Cannabis businesses are not forced to operate with cash only, an issue which… 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 with Securities and Exchange Commission (SEC) Chairman Jay Clayton and Commissioners Robert Jackson, Hester Peirce, Elad Roisman and Allison Herren Lee. As Prepared for Delivery Good morning. I want welcome back Chairman… Read more »

On Thursday, the U.S. House of Representatives passed nine financial services bills that protect whistleblowers, support home buyers, advance technologies to thwart bad actors, protect government employees and others affected by a government shutdown, in addition to creating several commemorative coins and medals, including: H.R. 3625, the PCAOB Whistleblower Protection Act of 2019, a… Read more »

Today, the House Financial Services Committee passed 12 bills to benefit consumers, investors, and vulnerable families, including six bipartisan measures. The legislation passed by the Committee included: The Investor Protection and Capital Markets Fairness Act (H.R.4344), a bill by Representative Ben McAdams (D-UT), that would substantially strengthen the authority of the… Read more »

Today, following the release of a Federal Deposit Insurance Corporation (FDIC) proposal to eliminate the requirement that banks collect initial margin when transacting with their affiliates, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “The rollback of this important safeguard has been on Wall Street’s… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a Subcommittee hearing entitled, “Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment.” Good morning. I’d like to thank Chair Maloney for holding this hearing on an important and growing part of our financial system—the… Read more »

On Tuesday, the U.S. House of Representatives passed the following bills offered by House Financial Services Committee Members, and managed on the House floor by Congressman Michael San Nicolas  (D-GU), Vice Chairman of the House Financial Services Committee. H.R. 2852, Homebuyer Assistance Act of 2019, a bill that would make it easier for homebuyers to buy a home with a… 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, “A $1.5 Trillion Crisis: Protecting Student Borrowers and Holding Student Loan Servicers Accountable.” As Prepared for Delivery Good morning. Today this Committee convenes for a hearing to examine the student loan… Read more »

Today, in response to the Trump Administration’s release of a housing finance reform proposal, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement: “Reforming our system of housing finance is a proposition that has very serious implications for millions of Americans, including those aspiring to become homeowners as… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after the Congressional delegation she led to Europe and the Middle East concluded its trip. Congressman Michael San Nicolas (D-GU), Vice Chair of the House Financial Services Committee, Congresswoman Sylvia Garcia (D-TX), and Congressman Lance Gooden… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after a bipartisan Congressional delegation to Europe and the Middle East that she is leading concluded with a visit to Qatar. “Today, my colleagues and I depart Doha, Qatar, after meeting with the Minister of Finance, the Governor of the Qatar Central Bank,… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after a bipartisan Congressional delegation that she is leading concluded its visit to Cyprus. “I have long been concerned by the deficiencies both domestically and abroad in safeguarding the financial system from money laundering and other forms of illicit… Read more »

Following up on full Committee hearings in March and April where Committee Democrats asked megabank CEOs hard-hitting questions on issues including their alarming CEO-to-worker pay ratio despite making record profits in recent years, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Committee Democrats asked megabanks for more information on… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after a bipartisan Congressional delegation that she is leading concluded its visit to Germany. “Since the beginning of this Congress, the Financial Services Committee has taken a close look at the U.S. sanctions regime and efforts to combat terrorism and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the delegation she is leading to Europe and the Middle East during the Congressional recess. “Last month, the House Financial Services Committee held a hearing to examine Facebook’s proposed cryptocurrency, Libra, and its impact on consumers,… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and 101 Members of Congress sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (Consumer Bureau), calling on her to reconsider the Consumer Bureau’s final rule to delay the original August 19, 2019 compliance date for the 2017 Payday, Vehicle Title, and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced an overview of the Committee’s fall 2019 priorities and highlighted the Committee’s efforts in the 116th Congress to work on behalf of consumers, investors, and vulnerable families. Fall 2019 Priorities This fall, the Committee will continue its work to ensure fairness,… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement condemning the U.S. Department of Housing and Urban Development’s (HUD) proposal to weaken a key aspect of the Fair Housing Act, the disparate impact standard, under which defendants can be held liable for policies or practices that have a discriminatory impact… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Stacey Plaskett (D-VI) and 10 Members of Congress sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, blasting the agency’s recent announcement that it would release Community Development Block Grant Disaster Recovery… Read more »

Following the announcement that Robert Cameron, former head of compliance and risk mitigation at the Pennsylvania Higher Education Assistance Agency (PHEAA/FedLoan Servicing), will serve as the Private Education Loan Ombudsman at the Consumer Financial Protection Bureau (CFPB), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following… Read more »