This week, the House Financial Services Committee, held a markup of five bills and two resolutions to promote responsible innovation through financial technology, crack down on money laundering and illicit finance, protect small businesses and investors, and uphold consumer protections.
See the legislation below.
HR 1988, the Protect Affordable Mortgages for Veterans Act of… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the creation of a Task Force on Financial Technology and a Task Force on Artificial Intelligence.
“As new technologies emerge and the financial services industry puts those technologies to use, Congress must make sure that responsible innovation is encouraged, and that… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Congressman Michael San Nicolas (D-GU) as Vice Chair of the Committee in the 116th Congress. San Nicolas was elected to serve as Vice Chair by Committee Democrats.
“Congressman San Nicolas comes to the Committee with a wealth of experience and expertise in financial services,”… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve System, and Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation, calling on them to postpone any final decisions on the SunTrust and BB&T merger application until after the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee markup to consider six bills and two resolutions.
As Prepared for Delivery
Today this Committee convenes for a markup of six bills and resolutions creating two taskforces.
As I have said before, under my leadership, it’s a new day and… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the continuation of a full Committee hearing with U.S. Department of the Treasury Secretary Steven Mnuchin entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.”
The Treasury Secretary will appear before the Committee… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the Consumer Financial Protection Bureau’s (Consumer Bureau’s) proposal to address predatory debt collection practices:
“This is yet another example of an anti-consumer action at the Consumer Bureau by a Trump Administration appointee. Last year, the… Read more »
Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, and Representative Eliot L. Engel, Chairman of the House Committee on Foreign Affairs, have taken the Trump Administration to task for its failure to produce a report that is now four months past a statutory deadline detailing actions to crack down on human-rights abusers in Russia. In a letter to… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of Treasury, expressing her concerns about a recent report that the Trump administration accepted, and possibly paid, a “medical bill” or ransom demand from the North Korean government related to American student and hostage… Read more »
Today, at a Subcommittee on Oversight and Investigations hearing entitled, “Examining Discrimination in the Auto Loan and Insurance Industries,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following opening statement.
As Prepared for Delivery
Thank you, Mr. Chairman.
Buying a car is a significant purchase for many Americans… Read more »
Today, the U.S. House of Representatives passed the following bipartisan bills, offered by House Financial Services Committee Members in recognition of Financial Literacy Month.
H. Res. 327, Encouraging Greater Public-Private Sector Collaboration to Promote Financial Literacy for Students and Young Adults, a resolution to encourage financial planning efforts among students and… Read more »
Today, at a full Committee hearing entitled, “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following opening statement.
As Prepared for Delivery
Today this Committee convenes for a hearing on assessing the infrastructure needs of America’s housing… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings and a markup:
Tuesday, April 30 at 10:00 AM – The full Committee will convene a hearing entitled, “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.”
Tuesday, April 30 at 2:00 PM – The Subcommittee on Consumer… Read more »
Yesterday, at a hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis,” Committee Democrats asked the Chief Executive Officers (CEOs) of seven of the nation’s largest financial institutions tough questions on behalf of hardworking consumers.
Read below for 10 tough questions Committee Democrats asked the… Read more »
Today, at a full Committee hearing with the CEOs of seven of the nation’s largest financial institutions, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, called for megabanks to craft a solution to help Americans saddled with student loan debt to achieve economic goals such as homeownership.
“I’m going to ask you in all that you do to think… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis.”
Today, this Committee convenes for a hearing on the U.S. Global Systemically Important Banks (GSIBs). Before us… Read more »
Today, at a full Committee hearing with U.S. Department of the Treasury Secretary Steven Mnuchin entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement:
Today, this Committee convenes for a… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a Subcommittee on Housing, Community Development and Insurance hearing entitled, “The Affordable Housing Crisis in Rural America: Assessing the Federal Response.”
As Prepared for Delivery
Thank you very much, Chairman Clay. I am very pleased that you are… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, convened a hearing entitled, “The Fair Housing Act: Reviewing Efforts to Eliminate Discrimination and Promote Opportunity in Housing.”
See the Chairwoman’s opening statement below.
As Prepared for Delivery
Good morning, everyone. Today, the Committee convenes for a hearing on the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to an announcement by Wells Fargo & Company that Tim Sloan would step down as CEO, President, and Board member, effective immediately.
“I agree with Tim Sloan that it is best that he steps down. Tim Sloan has a 31-year history at Wells Fargo,… Read more »
This week, the House Financial Services Committee, held a markup of five bills to crack down on foreign corruption, uphold consumer protections, increase access to the financial system, protect retirement savers, and address the national homelessness crisis.
See the legislation below.
HR 389, Kleptocracy Asset Recovery Rewards Act, legislation that establishes a rewards… Read more »
Today, at a full Committee markup, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following opening statement.
As Prepared for Delivery
Today, this Committee convenes for a markup of five overdue bills.
As I have said before, under my leadership, this Committee will be focused on fairness and policies to benefit consumers,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R. 1856, the Ending Homelessness Act of 2019, legislation that provides a comprehensive plan to ensure that every person experiencing homelessness in America has a place to call home.
“In the richest country in the world, it is simply unacceptable that we have people living in… Read more »
On February 22, the chairs of six committees in the U.S. House of Representatives wrote a letter to Attorney General William Barr to inform him of their expectation that he will make Special Counsel Robert Mueller’s report public “without delay.”
Today, after the Department of Justice informed Congress that Special Counsel Mueller had submitted his final report to Attorney General… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of April.
Tuesday, April 2 at 10:00 AM – The full Committee will convene a hearing entitled, “The Fair Housing Act: Reviewing Efforts to Eliminate Discrimination and Promote Opportunity in Housing.”
Tuesday, April 2 at 2:00 PM – The… Read more »
