Following an announcement of several hundred layoffs planned at Boeing’s satellite factory in southern California, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the very real impact the Export-Import Bank’s shut down is having on American workers. The layoffs add to the growing number of jobs at risk as a result of the export… Read more »

Following an announcement of a settlement agreement between the U.S. Department of Justice (DOJ) and the Housing Authority of the County of Los Angeles (HACoLA) to resolve allegations that it collaborated with the cities of Lancaster and Palmdale, as well as the County’s Sheriff’s Department to discourage low-income African American residents from utilizing Section 8 Housing Choice… Read more »

As House Republicans prepare to leave town for a nearly six-week summer recess, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, took the party to task for failing to take any action to re-open the Export-Import Bank, which has been shut down for nearly a month. Waters blasted Republicans for voting against a procedural motion called the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced legislation to reform a controversial demonstration program at the U.S. Department of Housing and Urban Development (HUD) known as the “Moving to Work” (MTW) program. The measure, entitled the “Moving to Work Reform Act,” seeks to address many of the known shortcomings of the… Read more »

At the second in a series of hearings on the fifth anniversary of the Dodd-Frank Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, noted that while Dodd-Frank has done much to stabilize our financial system, the devastating effects of the crisis continue to affect some of the most vulnerable segments of our population. She also underscored… Read more »

At a hearing to discuss the Dodd-Frank Wall Street Reform Act's increased capital and liquidity requirements for the nation's biggest banks, Congresswoman Maxine Waters (D-CA), Ranking Member of Financial Services Committee, strongly rebuked critics by showing how these requirements have effectively stabilized and strengthened financial markets. The top Democrat pointed to reports of… Read more »

Following a meeting at the White House with President Obama and small business owners affected by the shutdown of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored Democrats’ commitment to passage of a long-term reauthorization of the export credit agency. She issued the following statement: “I am pleased… Read more »

Today, a broad and diverse group of House Democrats expressed their strong support for a rule proposed by the Department of Labor (DOL) that seeks to ensure those providing investment advice are actually working in the best interest of retirement savers. In a letter led by Reps. Maxine Waters (D-CA), Ranking Member of the Financial Services Committee and Bobby Scott (D-VA), Ranking… Read more »

Five years after its passage, a new report has concluded that while the Dodd-Frank Wall Street Reform Act has been successful in the face of constant Republican attack, more must be done to ensure all Americans can benefit from our nation's recovery. The findings were announced today as part of a comprehensive report released by Democratic staff on the Financial Services Committee, at the… Read more »

Leading House Democrats today sent a letter urging United States Trade Representative (USTR) Michael Froman to negotiate provisions in the upcoming Trans-Pacific Partnership (TPP) trade agreement that provide governments the flexibility to help protect and strengthen the stability of their financial systems by implementing measures that would stem flows of speculative capital. The… Read more »

At the conclusion of a first-of-its-kind Capitol Hill gathering of lawmakers and religious leaders to discuss the impact predatory payday and small-dollar lending practices are having in communities across America, Congresswoman Maxine Waters (D-CA) announced she will be calling on some of the country’s most notable endowments and state retirement plans to begin to take steps to divest… Read more »

Five leading Democratic lawmakers today called on President Obama to urge the International Monetary Fund (IMF) to revisit the terms of Jamaica’s current economic program, which to date has been characterized by continued low growth, a decline in social indicators, high unemployment and threats to social cohesion. The House lawmakers did so in a letter led by Congresswoman Maxine Waters… Read more »

In opening remarks during today’s semi-annual Humphrey-Hawkins hearing with Federal Reserve Chair Janet Yellen, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, urged caution as the Federal Reserve considers raising interest rates before the end of the year. Waters touted the importance of the Dodd-Frank Wall Street Reform Act in ensuring… Read more »

Congresswoman Maxine Waters (D-CA), the Ranking Democrat on the House Committee on Financial Services, is raising serious objections to what she characterized as a “harmful” Senate proposal to expand the Moving to Work (MTW) Program at the Department of Housing and Urban Development (HUD). In a letter addressed to leaders on the House and Senate Appropriations Committees, Ranking Member… Read more »

Leading Democrats on the Senate Banking and House Financial Services Committees today urged the Obama Administration to reconsider a proposal that would make it easier for lenders that have engaged in criminal behavior to keep accessing taxpayer-backed mortgage insurance. Sen. Sherrod Brown (D-OH), the Banking Committee’s senior Democrat, Rep. Maxine Waters (D-CA), the senior Democrat on… Read more »

This Thursday, July 16, 2015, at 2:30 p.m., Congresswoman Maxine Waters(D-CA), Ranking Member of the Committee on Financial Services, will convene leaders from Muslim, Christian and Jewish communities to highlight the moral and religious objections that faith leaders have raised in response to predatory payday and small-dollar lending practices in communities across America. The… Read more »

Today, four leading Democratic members of Congress hosted Chief Investment Officers (CIOs) from some of the largest federal pension plans and senior executives from the nation’s leading minority and women-owned asset management firms for a half-day summit to discuss the underutilization of these firms in the management of federal retirement plan assets. Congresswoman Maxine Waters… Read more »

At a hearing to commemorate the five year anniversary of the Dodd-Frank Wall Street Reform Act, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, issued a strong rebuke to Republican attacks on the landmark law, recounting the devastation of the crisis, the success of the law thus far, and documenting Republicans’ efforts to return to the practices that… Read more »

Today, several leading Democrats on the Financial Services Committee urged two federal agencies to “immediately” begin rulemaking to implement a key civil rights provision of the Dodd-Frank Wall Street Reform Act. In a letter led by Committee Ranking Member Maxine Waters (D-CA), 13 lawmakers urged Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and Federal Reserve… Read more »

Following today’s announcement by the U.S. Department of Housing and Urban Development (HUD) of a final rule that will provide communities with data, tools and guidance to help them meet long-standing fair housing obligations, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, praised the measure as critical to address the effects of the segregation and… Read more »

Mere hours before the Export-Import Bank’s charter is set to expire at midnight, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, joined Democratic Whip Steny Hoyer (D-MD), Monetary Policy and Trade Subcommittee Ranking Member Gwen Moore (D-WI) and Congressman Denny Heck (D-WA) in expressing their disappointment about the Republican-driven… Read more »

As the House of Representatives leaves town for a week-long recess without taking up legislation to extend the Export-Import Bank’s charter just days before it is set to shut down, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Today, Speaker Boehner and House Republicans have chosen once again to govern by… Read more »

Following the Supreme Court’s decision to uphold the doctrine of disparate impact under the Fair Housing Act, which allows courts to hold defendants liable for the discriminatory effects of its actions, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised the decision. The standard was challenged under the case entitled Texas Department of… Read more »

Following a House panel’s approval of legislation to fund the Departments of Labor, Education, and Health and Human Services, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, criticized Republicans for advancing legislation that would undermine a broad swath of the American people, from seniors and students to those investing in their retirement.… Read more »

With just one day remaining for Congress to act before the Export-Import Bank shuts down, a wide array of Democrats took to the House floor asking for unanimous consent to extend its charter by bringing up H.R. 1031 – a bill sponsored by Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, Monetary Policy and Trade Subcommittee Ranking Member Gwen Moore (D-WI), Reps.… Read more »