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Press Releases

Ranking Member Maxine Waters on CFPB Dropping Pro-Consumer Lawsuits: “The Trump Administration is Giving Our Nation’s Biggest Banks a Blank Check to Rip Off Working-Class Families.”

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the Consumer Financial Protection Bureau dropping at least nine pending enforcement cases, including one lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged payment scams on the app, Zelle, in violation of consumer financial…

ICYMI: Congresswoman Maxine Waters, House Democrats Turned Away at Housing Agency During Attempt to Hand-Deliver Letter to Secretary Scott Turner Amid Elon Musk-DOGE Infiltration and Looming Mass Staff Terminations

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Tags: HUD

    This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led a group of House Democrats to the U.S. Department of Housing and Urban Development (HUD) headquarters to personally deliver a letter signed by 122 House Democrats to Housing and Urban Development Secretary Scott Turner. In the letter, the lawmakers demand…

Vice Ranking Member Sean Casten: “Republicans Would Like to Overturn a Rule that Limits Bank Overdraft Fees to $5... And is Right Now Saving American Consumers $5 billion A Year.”

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Today, Congressman Sean Casten (D-IL), the Vice Ranking Member on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Today, President Trump, Elon Musk, and Trump’s cabinet of billionaires are illegally firing thousands of federal workers and closing down agencies that are charged with protecting Americans. They are also…

Ranking Member Maxine Waters Introduces Legislation Amid Trump’s Project 2025 Rollout to Counter China and Strengthen U.S. Leadership in Global Development

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, introduced H.R. 1764 the “Aligning SEC Regulations for the World Bank’s International Development Association Act.” This bill would exempt the International Development Association (IDA), the concessional lending arm of the World Bank, from Securities and Exchange Commission (SEC)…

Ranking Member Maxine Waters: “Committee Republicans Claim to Care About Increasing Housing Supply, Yet the Trump Administration’s Policies Only Make Housing More Expensive.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Housing and Insurance Subcommittee hearing entitled, “Building Our Future: Increasing Housing Supply in America.” As Prepared for Delivery Committee Republicans claim to care about increasing housing supply, yet the Trump…

Ranking Member Maxine Waters: “We Should Reject These Misguided Policies that are Raising the Cost of Living for Most Families, While Elon Musk and the Billionaire Class Push for Their Taxes to be Cut.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Service Committee, delivered the following statement during a Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity hearing entitled, “Examining Monetary Policy and Economic Opportunity.” As prepared for delivery Thank you very much, Mr. Chairman. If we really want to…

Congresswoman Maxine Waters Hand-Delivers Letter from 122 House Democrats to HUD Secretary Turner Demanding Answers Amid DOGE Infiltration

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 122 House Democrats in a letter to the U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner requesting information regarding questionable staff terminations, stop-work orders, funding cancellations, and the role of private corporations through the influence…

Ranking Member Maxine Waters, Congressmen Al Green and Bill Foster Urge GAO and Inspector General to Investigate Illegal CFPB Shutdown

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee; Congressman Al Green (D-TX), the Ranking Member on the Subcommittee on Oversight & Investigations; and Congressman Bill Foster (D-IL), the Ranking Member on the Subcommittee on Financial Institutions, sent a letter to the Government Accountability Office and the Inspector General for…

MONDAY @ 5 PM ET: Congresswoman Maxine Waters, House Democrats to Hand Deliver Letter to HUD Secretary Scott Turner Demanding Answers on Efforts to Decimate Federal Housing Programs

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Tags: HUD

Following staff terminations within the Department of Housing & Urban Development (HUD), reports of closed field offices, and rolling back of civil rights enforcement, on Monday, March 3 at 5 pm E.T., Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, will hand-deliver a letter to Secretary Turner requesting critical information for…

Over 200 House Democrats File Amicus Brief Led by Waters, Jeffries, Neguse and Raskin, Urging U.S. District Court to Block Illegal Trump, Musk CFPB Shutdown

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Tags: CFPB

This morning, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee in conjunction with Democratic Leader Hakeem Jeffries (D-NY); Assistant Leader Joe Neguse (D-CO); Congressman Jamie Raskin (D-MD), Ranking Member of the House Judiciary Committee; and the House Democratic Litigation Working Group led a group of 203 House Democrats in filing an amicus…

Waters, Warren Statement on Scott Turner Terminating Anti-Discrimination Housing Rule

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Tags: HUD

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee and U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, released the following statement in response to U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner’s recent action to terminate the Affirmatively…

Ranking Member Maxine Waters Presses Big Banks on Consumer Protection Requirements Following Trump and Musk Illegal CFPB Shutdown

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Tags: CFPB

Since President Trump and his unelected billionaire co-President Elon Musk moved to illegally shutter the widely supported Consumer Financial Protection Bureau (CFPB), the nation’s largest banks have remained silent. In response, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Financial Services Forum and the Banking…

Ranking Member Maxine Waters: “Trump and Un-elected co-President Elon Musk Are Looking to Defang, Defund, and Defame Wall Street’s Cop on the Block – the Securities and Exchange Commission.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Capital Markets Subcommittee hearing entitled, “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation.” Thank you very much, Chair Wagner. Democrats have…

Congresswoman Maxine Waters Calls on Chair Hill to Hold Emergency Housing Hearing with Secretary Turner

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Chairman French Hill (R-AR), requesting an emergency hearing with U.S. Department of Housing and Urban Development (HUD), Secretary Scott Turner, following the Trump Administration’s plans to decimate HUD staff and programs. In the letter, Congresswoman Waters raises…

Ranking Member Maxine Waters Blasts Republican Budget Rip Off: “Republicans Are Defunding the Police by Stripping Funding for the Consumer Financial Protection Bureau”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast the Republican budget rip off, which guts funding for the Consumer Financial Protection Bureau and key federal programs. Mr. Speaker, I strongly oppose the Republican Budget Rip Off. I hear from constituents everyday about the high cost of living.…

Ranking Member Maxine Waters: “Trump Is Giving China a Free Pass"

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “Examining Policies to Counter China.” Thank you, Mr. Chairman for this hearing. This is very important. Good morning, everyone. I and Committee Democrats have long recognized the national security…

Ranking Member Maxine Waters Holds Retreat with Committee Democrats on Legislative Priorities and Strategy to Combat Trump and Musk in 119th Congress

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted a member retreat with Committee Democrats to outline their plan and priorities for the 119th Congress. Waters invited a series of guests to discuss and engage with Committee members on issues impacting working-class families and consumers, particularly in the context of the new political…

Waters, Whitehouse, Wyden, Warren and Reed File Two Amicus Briefs Affirming Constitutionality of Corporate Transparency Act, Congressional Lawmaking

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Briefs urge the 4th and 5th Circuits to affirm the years-long lawmaking process of the Corporate Transparency Act as a legitimate exercise of congressional authorities Members first filed amicus brief defending the CTA in April 2024 Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senators Sheldon Whitehouse (D-RI), Ron Wyden…

ALL DAY, EVERY DAY: How Maxine Waters and Committee Democrats Are Standing Up for Consumers, Facing Down Elon Musk in No-Holds Barred Fight for the Future of the CFPB

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Ranking Member Maxine Waters and Committee Democrats Vow to Continue Relentless Fight to Save the CFPB. This is just the beginning... In recent weeks, the Trump Administration and co-President Elon Musk, have officially launched their Project 2025 plan aimed at dismantling the Consumer Financial Protection Bureau, as Congresswoman Waters warned back in January. They recently…

Ranking Member Maxine Waters Asks Consumers and Employees to Share CFPB Success Stories Amid Trump and Musk Illegal Shutdown

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Share your CFPB story HERE. The Consumer Financial Protection Bureau (CFPB) was created following the 2008 financial crisis. Since then, the agency has done exceptional work to protect working-class families and consumers from illegal junk fees, scams, fraud and other forms of abuse at the hands of big banks and predatory lenders. As a result, the CFPB has returned an astounding $21…

Congresswoman Maxine Waters Sounds Alarm on Trump and DOGE Plans to Decimate Housing Agency

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to reports regarding the Trump Administration’s plans, alongside the unofficial Department of Government Efficiency (“DOGE”), to eliminate at least 50% of staff at the U.S. Department of Housing and Urban Development (HUD). “I am not…

Ranking Member Maxine Waters Leads Key House Members in Questioning Acting Director Vought’s Compliance with Trump’s Illegal Anti-DEIA Orders

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led key House Members in a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought, demanding answers regarding the agency’s compliance with the Trump Administration’s recent executive order directing federal agencies to dismantle all Diversity, Equity,…

Ranking Member Maxine Waters Leads Democratic Members in Urging Financial Services Agencies to Defy Trump’s Illegal Anti-DEIA Order and Uphold Legally Mandated Efforts

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led key House Democrats, including Congresswoman Nydia M. Velázquez (D-NY), Congressman Al Green (D-TX), Congressman Emanuel Cleaver, II (D-MO), Congresswoman Joyce Beatty (D-OH), Congresswoman Rashida Tlaib (D-MI), Congresswoman Sylvia Garcia (D-TX), Congressman Cleo Fields (D-LA),…

Ranking Member Maxine Waters and Congressman Brad Sherman Warn of Dangerous Consequences If Musk’s DOGE Takes Over SEC

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Tags: SEC

In light of Elon Musk and his Department of Government Efficiency (DOGE) team’s rapid and illegal takeover of multiple federal agencies today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Brad Sherman (D-CA), Ranking Member on the Subcommittee on Capital Markets, sent a letter to U.S. Securities and Exchange Commission…

Ranking Members Maxine Waters and Elizabeth Warren Demand Banking Regulators Keep Elon Musk’s DOGE Out of Their Agencies

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Committee on Banking, Housing, and Urban Affairs sent a letter to banking regulators, including the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit…

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