On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, sent letters to 37 bank holding companies requesting their diversity and inclusion data and policies from 2015 to the present.
The letters request data on… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the announcement of the Securities and Exchange Commission’s (SEC) final rule governing the standards of care owed by broker-dealers when providing retail investors with personalized investment recommendations:
“The SEC’s final rule ignores the explicit… Read more »
On Tuesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following remarks during a policy speech on the importance of the National Flood Insurance Program (NFIP).
As Prepared for Delivery
Good morning and thank you for inviting me to speak at this important and timely conference.
Before I begin, I’d like to thank the… Read more »
Today, at a full Committee hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement:
As Prepared for Delivery
Today this Committee convenes for a hearing to discuss the revival and long-term reauthorization of the… Read more »
This week, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Benjamin Carson entitled, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” Committee Democrats asked questions about many of the Secretary’s harmful actions at HUD that he repeatedly answered inaccurately.
Read below for a list of the top… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of June:
Tuesday, June 4 at 10:00 AM – The full Committee will convene a hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank.”
Tuesday, June 4 at 2:00 PM – The Subcommittee on Consumer Protection… Read more »
Following today’s ruling by the U.S. District Court for the Southern District of New York to uphold Congressional authority to access the President’s financial records, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Adam Schiff (D-CA), Chairman of the House Intelligence Committee, released the following statement:
“We are… Read more »
Today, the U.S. House of Representatives passed H.R. 1500, the Consumers First Act, legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau).
The bill… Read more »
Today, the U.S. House of Representatives will consider H.R. 1500, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau).
See Congresswoman Maxine Waters’ (D-CA), Chairwoman of the House Committee on Financial Services, floor statement… Read more »
Today, at a full Committee hearing with U.S. Department of Housing and Urban Development Secretary Benjamin Carson entitled, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement:
As Prepared for Delivery
Today, this… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement a full Committee hearing on the safety, soundness and accountability of financial institutions with Rodney Hood, Chairman of the National Credit Union Administration (NCUA); Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation (FDIC);… Read more »
Today, after the overdue announcement that Eric Blankenstein, Policy Associate Director for the Supervision, Enforcement and Fair Lending Division at the Consumer Financial Protection Bureau (Consumer Bureau), will be leaving the agency, Chairwoman Waters issued the following statement:
“When Director Kraninger appeared before the Committee in March, I asked her about the past racist… Read more »
Today, the U.S. House of Representatives passed four bills that were offered by House Financial Services Committee Members, including H.R. 2578, the National Flood Insurance Program Extension Act of 2019, bipartisan legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Patrick McHenry (R-NC), Ranking Member of… Read more »
On Friday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Sylvia Garcia (D-TX), and 21 Committee Democrats sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), demanding that he withdraw his senseless proposal to terminate housing benefits for mixed-immigration status families who… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Committee on Financial Services, announced that they have introduced legislation (H.R. 2578) to extend the National Flood Insurance Program’s (NFIP) authorization to September 30, 2019. The authorization is due to expire on… Read more »
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 »
