At a House Financial Services Committee markup to consider the Committee’s Budget Views and Estimates for Fiscal Year 2019, Committee Democrats offered a series of amendments and challenged Republicans to stand up for hardworking Americans and support vulnerable families.
Amendments were offered by Ranking Member Maxine Waters (D-CA), Rep. Nydia Velazquez (D-NY), Rep. Stephen Lynch… Read more »
As the U.S. Senate debates S. 2155, a bill that would roll back important reforms put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement:
“As I have said before, this bill repackages harmful provisions from Financial Services Committee… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full Committee markup to consider the Majority's Views and Estimates on the Budget for FY 2019:
As Prepared for Delivery
Thank you, Mr. Chairman.
Mr. Chairman, Committee Democrats are committed to advancing policies that create shared prosperity and… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4607, a bill that directs regulators, including the Consumer Financial Protection Bureau, to dismantle rules considered inconvenient by the financial services industry despite the harm it may cause consumers or the economy.
As… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4296, a bill to decrease operational risk capital requirements for the nation’s largest banks:
As Prepared for Delivery
Mr. Speaker, I rise in strong opposition to H.R. 4296. This bill is simply another rollback of rules put in… Read more »
Today, at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement:
As Prepared for Delivery
Thank you, Mr. Chairman and welcome, Chairman Powell.
I look forward to your testimony… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services and 25 Democratic Members of Congress sent a letter to the Chairman of the Board of Governors of the Federal Reserve System and Co-Chairs of the Federal Reserve Bank of New York’s Search Committee, calling for their commitment to a transparent and inclusive search process to identify… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services sent a letter to the Comptroller General of the U.S. Government Accountability Office (GAO), requesting a comprehensive study on the state of homelessness in America. In the letter, Ranking Member Waters calls attention to the recent increase in homelessness nationwide, as well as the ongoing… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services spearheaded a letter to Acting Consumer Financial Protection Bureau (Consumer Bureau) Director Leandra English and Director of the Office of Management and Budget Mick Mulvaney, questioning Mulvaney's recent decision to reorganize the Office of Fair Lending and Equal Opportunity (OFLEO) and… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released a statement on a new Government Accountability Office (GAO) report titled, “Rental Housing: Improvements Needed to Better Monitor the Moving to Work Demonstration, Including Effects on Tenants” (GAO-18-150). The GAO report was requested in 2015 by Ranking Member Waters, who has been… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released a statement in response to the release of Fannie Mae’s fourth quarter and full-year 2017 earnings report, and the Federal Housing Finance Agency’s (FHFA) decision for Fannie Mae and Freddie Mac to proceed with the allocation of funding to the Housing Trust Fund and Capital Magnet… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 3978, a bill that threatens many of the important reforms Democrats made to restore investor confidence in our capital markets after the financial crisis:
As Prepared for Delivery
Madam Speaker, I rise in strong opposition to… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 3299, a bill that would make it easier for bad actors to get around interest rate caps that states have put into place to protect borrowers from predatory payday debt traps.
As Prepared for Delivery
Mr. Speaker, I rise today in… Read more »
Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4771, a bill that may promote bank mergers and acquisitions and decrease the number of community banks.
As Prepared for Delivery
Mr. Speaker, I rise in opposition to H.R. 4771, the Small Bank Holding Company Relief Act of 2018. … Read more »
At a full Committee hearing of the House Committee on Financial Services, Ranking Member Maxine Waters (D-CA), pressed Treasury Secretary Steven Mnuchin on the Trump Administration’s inaction on the Russia sanctions passed with broad bipartisan support by Congress in 2017 to punish Russia for interfering in our democracy.
Section 231 of the Countering America’s Adversaries Through… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 1153, the so-called Mortgage Choice Act of 2017:
As Prepared for Delivery
Thank you Madam Speaker. I rise today in opposition to H.R. 1153, the so-called “Mortgage Choice Act of 2017”. Unfortunately, this bill is yet another… Read more »
Today, at a hearing with Treasury Secretary Steven Mnuchin entitled “The Annual Report of the Financial Stability Oversight Council,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement:
As Prepared for Delivery
Thank you, Mr. Chairman, and welcome back, Secretary Mnuchin.
I am looking forward to your… Read more »
Today, in response to the announcement that the Federal Reserve Board has moved to restrict the growth of Wells Fargo until it sufficiently improves its governance and controls, and that the bank will replace three current board members by April and a fourth board member by the end of the year, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement regarding Janet Yellen, Chair of the Board of Governors of the Federal Reserve System (Federal Reserve). Her term ends on February 3, 2018.
“Janet Yellen has led the Federal Reserve with extraordinary distinction and served as a tireless champion for the… Read more »
Today, in response to a decision by the full U.S. Court of Appeals for the District of Colombia Circuit upholding the constitutionality of the structure of the Consumer Financial Protection Bureau (Consumer Bureau), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“Today, the full U.S. Court of Appeals for the… Read more »
Today, following a series of baffling statements from the Trump Administration regarding its failure to act on the Russia sanctions enacted by Congress in 2017, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, sent a letter to Secretary of the Treasury Steven Mnuchin and Secretary of State Rex Tillerson, demanding answers as to why no action has… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services and Senator Elizabeth Warren (D-MA), Ranking Member of the Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection sent a letter to Acting Consumer Financial Protection Bureau (Consumer Bureau) Director Leandra English and Director of the Office of… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of House Committee on Financial Services, issued the following statement in response to the Trump Administration’s failure to impose sanctions on persons engaging in transactions with the intelligence or defense sectors of the Government of the Russian Federation, pursuant to section 231 of the Countering America’s Adversaries… Read more »
This week, the Consumer Financial Protection Bureau announced it will:
Help out predatory payday lenders by reconsidering the sensible and much-needed rule on payday, vehicle title, and certain high-cost installment loans.
Launch a review of all “activities” of the Consumer Bureau by publishing a series of Requests for Information (RFIs) in the Federal Register. RFIs… Read more »
