Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement at a Subcommittee on Terrorism and Illicit Finance hearing entitled “Financial Intelligence and Enforcement: Treasury’s Role in Safeguarding the American Financial System.”
As Prepared for Delivery
Thank you, Mr. Chairman and welcome, Under Secretary… Read more »
Today, in response to President Trump’s decision not to renominate Janet Yellen as Chair of the Federal Reserve Board of Governors, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“Janet Yellen, who is the first woman to lead the Board of Governors of the Federal Reserve System, has done a masterful job as steward… Read more »
In response to President Trump’s signing of a Joint Resolution to repeal the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“By signing the repeal of the Consumer Financial Protection Bureau’s rule banning… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced the Preventing Foreclosures on Seniors Act, a bill to make reforms to the U.S. Department of Housing and Urban Development’s (HUD’s) reverse mortgage program to help prevent unfair foreclosures on seniors. HUD’s Home Equity Conversion Mortgages (HECM) program allows seniors to take… Read more »
Today, Congresswoman Maxine Waters (D-CA) introduced the Making FHA More Affordable Act, a bill to repeal the requirement that Federal Housing Administration (FHA) borrowers pay mortgage insurance premiums for the life of the loan, and reinstate the FHA’s previous policy of only requiring borrowers to pay premiums until the outstanding principal balance reaches 78 percent of the original… Read more »
Today, at a Minority Day Hearing to examine the massive data breach that occurred at Equifax, and to consider and discuss ideas for ensuring the integrity of our country’s consumer reporting system and safeguarding consumer data, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement:
As Prepared for… Read more »
On Wednesday, October 25, 2017, House Financial Services Committee Democrats will lead an additional hearing to examine the massive data breach that occurred at Equifax, and to consider and discuss ideas for ensuring the integrity of our country’s consumer reporting system and safeguarding consumer data.
The hearing, referred to as a “Minority Day Hearing,” is the second hearing before… Read more »
Today, in response to Senate passage of a Joint Resolution to repeal the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“Earlier this year, the Consumer Financial Protection Bureau issued an important rule… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement on H.R. 3898, the Otto Warmbier North Korea Sanctions Act:
As Prepared for Delivery
First, let me say that I'm very pleased that, by naming this legislation after Otto Warmbier, we are able to honor him and let his family know that we will not forget… Read more »
Today, in response to the Office of Comptroller of the Currency’s move to weaken its examination policies for the Community Reinvestment Act (CRA), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“The Community Reinvestment Act is a vital law that places an obligation on banks to responsibly invest in and serve the… Read more »
In response to President Trump’s announcement today that he will not certify to Congress that Iran is meeting its commitments under the Joint Comprehensive Plan of Action (JCPOA), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“Trump has absolutely no concept of what is in the national interest of our country.… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement from the House floor in support of the supplemental disaster relief funding bill.
As Prepared for Delivery
Mr. Speaker, I rise today in support of this critical disaster relief funding. In the wake of the destruction that this historic hurricane season has… Read more »
Today, at the first full committee hearing of the 115th Congress to examine the future of housing in America under U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, questioned Secretary Carson about the devastation in Puerto Rico and President Trump’s threatening and… Read more »
Today, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
Thank you Mr. Chairman. America is currently in the midst of the worst rental housing crisis that we’ve ever experienced, and it is hitting our lowest… Read more »
Today, at a House Financial Services Committee markup of 23 bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement:
Thank you very much, Mr. Chairman. I must indicate that this is the largest number of bills that I’ve ever experienced being taken care of in Committee, and it does cause me some concern. I… Read more »
Today, in response to a report released by the U.S. Department of the Treasury that calls for the rollback of Dodd-Frank capital markets regulations, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“The report released by the Treasury Department today is nothing less than a blueprint for dismantling strong… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on the Consumer Financial Protection Bureau’s final rule on payday, vehicle title, and certain high-cost installment loans:
“I applaud the Consumer Bureau and its Director, Richard Cordray, for taking this important step to finally rein in payday lenders. … Read more »
Recognizing that the American public deserves answers and a promise to safeguard their personal identifying information, Financial Services Committee Democrats, led by Ranking Member Maxine Waters (D-CA), used an obscure parliamentary maneuver to demand a Minority Day hearing to continue to discuss the numerous issues with the current credit reporting system and to cast more light on the… Read more »
Today, at a full committee hearing to discuss the massive security breach at Equifax, one of the nation’s largest credit reporting agencies, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered the following opening statement:
As Prepared for Delivery
Thank you, Mr. Chairman.
The massive breach at Equifax and the company’s subsequent… Read more »
Today on the House floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered remarks in strong opposition to the 2018 Republican budget.
As Prepared for Delivery
Thank you Mr. Yarmuth.
I rise in strong opposition to the Republicans’ 2018 Budget, which would dramatically increase our deficit and debt by trillions of dollars to give… Read more »
Today, at a press conference to unveil Congresswoman Maxine Waters’ (D-CA), Ranking Member of the Committee on Financial Services, groundbreaking legislation titled the Megabank Accountability and Consequences Act (H.R. 3937), Ranking Member Waters delivered the following remarks:
As Prepared for Delivery
Good afternoon, and welcome.
I would like to thank Representatives Green,… Read more »
Following her release of a Democratic staff report titled “The Case for Holding Megabanks Accountable: An Examination of Wells Fargo’s Egregious Consumer Abuses,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced groundbreaking legislation that would hold megabanks like Wells Fargo accountable when they exhibit a pattern of abusive… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement at a full committee hearing entitled “Sustainable Housing Finance: An Update from the Director of the Federal Housing Finance Agency.”
As Prepared for Delivery
Today we welcome back our former colleague and my good friend, Federal Housing Finance Agency… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released a Democratic staff report detailing a pattern of abusive business practices by Wells Fargo and finding that prudential regulators have failed to utilize the full extent of their authorities to end unlawful practices at megabanks like Wells Fargo.
“Last September, our country first… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement regarding H.R. 3823 on the House floor:
As Prepared for Delivery
Thank you, Mr. Speaker. I rise today in opposition to this bill, which began as a must-pass reauthorization of the Federal Aviation Administration, but has now become a Christmas tree for… Read more »
