Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full committee hearing entitled, “The Annual Report of the Financial Stability Oversight Council.”
(U.S. Secretary of the Treasury Janet Yellen and House Financial Services Committee Ranking Member Maxine Waters)
Treasury… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and the Committee’s Subcommittee Ranking Members sent a letter to Congressman Patrick McHenry (R-NC), Chair of the Committee, calling for an immediate hearing to address significant racial disparities in mortgage approval rates at Navy Federal Credit Union (NFCU), the largest credit… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during the National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.”
Thank you very… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Mark Zuckerberg, Founder, Chairman and Chief Executive Officer of Meta Platforms, Inc. (formerly Facebook, Inc.); and Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. In the letter, Congresswoman Waters expresses concern with Meta’s filing of five… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the Consumer Financial Protection Bureau’s (CFPB) proposed rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. The CFPB has long been supported by Congresswoman Waters and is the only federal agency… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed five pieces of bipartisan legislation aimed at safeguarding our national security from threats from adversaries like Russia and China that threaten to dismantle our nation’s financial system.
H.R. 4768 “No Russian Agriculture… Read more »
Today, Congresswoman Maxine Waters (CA-43), the top Democrat on the House Financial Services Committee and Chairman Patrick McHenry (NC-10), announced the formation of the Committee’s bipartisan Working Group on Artificial Intelligence (AI), led by Digital Asset, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02) and Subcommittee Ranking Member Stephen F. Lynch… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “Oversight of the Department of Housing and Urban Development & the Federal Housing.”
Good morning, Madam Secretary. It is indeed my honor to welcome you before the Committee today. On behalf of… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), sent a letter to the Chairman of the Federal Reserve System and Chair of the Federal Reserve Bank of Cleveland’s search committee urging them to prioritize diversity in its search for the Bank’s next president and CEO. In the letter, the Congresswomen… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Navy Federal Credit Union, which is privately run and is the largest credit union in the United States, rejected more than half its Black conventional mortgage applicants in 2022. Navy Federal Credit Union is not operated by the U.S. Navy or… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Fed), the Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) have each responded to her request for information… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during an Oversight and Investigations Subcommittee hearing entitled, “Moving the Money Part 2: Getting Answers from the Biden Administration on the Iranian Regime’s Support of Terrorism."
Under the Biden Administration, the U.S. has… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced passage of the following bipartisan bills under suspension of the rules. This is a procedure often used on the House floor to act expeditiously on legislation that is generally non-controversial. Next, these bills will await a vote in the Senate.
H.R. 5524 "Foreign… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Capital Markets Subcommittee hearing entitled, “Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing.”
Today we will hear what happens when Wall Street and other parts of the industry police… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Restricting Rogue-State Revenue: Strengthening Energy Sanctions on Russia, Iran, and Venezuela.”
Thank you, Chairman… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following Chair Patrick McHenry’s (R-NC) announcement that he will be retiring at the end of his term.
When Republicans took control earlier this year, many Democrats on this side, including myself, were wondering what type of Chairman Mr. McHenry would be, and… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee Housing and Insurance hearing entitled, “Housing Affordability: Governmental Barriers and Market-Based Solutions.”
From urban to rural America, there simply aren’t enough affordable homes, and the gap between supply and… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement on the House floor in opposition of Senate Joint Resolution 32, a Republican-led resolution that would hurt small businesses by overturning a Consumer Financial Protection Bureau (CFPB) rule to support small businesses by improving transparency and… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “The Semi-Annual Report of the Bureau of Consumer Financial Protection.”
Good morning. I’d like to welcome Director Rohit Chopra back to our Committee and applaud the excellent work the CFPB has done… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony at Rules Committee in response to Senate Joint Resolution 32, which is a Republican-led resolution aimed at overturning a Consumer Financial Protection Bureau rule to support small businesses by improving transparency and fairness in small business… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Janet Yellen, the Secretary of the United States Treasury, requesting that the U.S. Treasury work with the International Monetary Fund (IMF) to better combat corruption. In the letter, Ranking Member Waters emphasizes the harm that corruption poses to a government’s… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Acting Comptroller of the Office of the Comptroller of the Currency (OCC) urging the OCC to consider taking additional actions to hold the bank accountable, including downgrading Citi’s Community Reinvestment Act (CRA) rating. The CRA is a crucial tool used by the… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the release of a new report by the Congressional Budget Office entitled, “Flood Damage and Federally Backed Mortgages in a Changing Climate.”
“I’ve long sounded the alarm on the effects of climate change, and the Congressional Budget Office’s (CBO)… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “Oversight of Prudential Regulators.”
Good morning and thank you Mr. Chairman for holding this hearing, continuing the tradition that Democrats started in holding semi-annual hearings to provide… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during this week’s full committee markup. Next, these bills will await passage on the House floor.
H.R. 6365, the “Stopping Illicit Oil Shipments Act of 2023” led by Ranking Member Maxine Waters (D-CA). This… Read more »
