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 »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 2954, the Home Mortgage Disclosure Adjustment Act:
As Prepared for Delivery
Mr. Chairman, I rise today in opposition to H.R. 2954, the Home Mortgage Disclosure Adjustment Act, which would undermine efforts to monitor trends in… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to the World Bank Accountability Act, a bill that would allow for cuts to funding for the International Development Association (IDA). IDA provides grants and other assistance to the world’s 77 poorest countries, which are home to more than 450… Read more »
Today, at a House Financial Services Committee markup of 17 bills, 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.
Mr. Chairman, here we are yet again marking up a large number of bills, many of which could be harmful to consumers, investors, and our… Read more »
Today, in response to the Consumer Financial Protection Bureau’s announcement that it will reconsider the sensible and much needed rule on payday, vehicle title, and certain high-cost installment loans, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“The Trump Administration has struck again as it continues efforts… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Dan Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, and… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a press conference highlighting House Republicans’ refusal to address Russia’s threat to our democracy and national security:
As Prepared for Delivery
“Good Afternoon. Beginning in early 2017, I and other Democrats on the Financial Services Committee… Read more »
Today, in response to the Trump Administration’s decision to delay the implementation of the Affirmatively Furthering Fair Housing (AFFH) rule, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“The Trump Administration’s move to delay the Affirmatively Furthering Fair Housing rule is a flagrant attack on efforts 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. 4015, a bill that would undermine sound corporate governance:
Mr. Speaker, H.R. 4015, the so-called Corporate Governance Reform and Transparency Act, would create an untested, inappropriate, and burdensome regulatory framework for… 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. 3312, a bill that would deregulate some of the largest banks:
Mr. Chairman, I rise in strong opposition to H.R. 3312, the Systemic Risk Designation Improvement Act.
At a time when big banks are doing very well and the industry… 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. 2396, a bill that would reduce requirements for financial institutions to provide privacy notices to their customers:
As Prepared for Delivery
I rise today to speak in opposition to H.R. 2396, the “Privacy Notification Technical… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement in opposition to H.R. 4324, a bill which would undermine the Iran nuclear deal:
As Prepared for Delivery
H.R. 4324, the Strengthening Oversight of Iran’s Access to Finance Act, would impose a new and unilateral certification requirement on the… 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. 1638, a bill that would undercut the viability of the Iran nuclear deal:
As Prepared for Delivery
The legislation before us now, H.R. 1638, the Iranian Leadership Asset Transparency Act, represents what the Republican majority has… Read more »
