Today, two key lawmakers on the House Financial Services Committee unveiled a bipartisan discussion draft of legislation to renew and reform the charter of the Export-Import Bank (Ex-Im Bank), an agency that supports hundreds of thousands of jobs and levels the playing field so that American businesses are able to compete successfully in global markets.
Rep. Gary Miller (R-CA),… Read more »
Today, three prominent members of the House of Representatives expressed serious concern with, and called for a hearing to examine, a proposal by the Department of Labor to waive sanctions imposed on Credit Suisse stemming from its guilty plea for conspiring to aid tax evasion for over two decades.
In a strongly-worded letter to Labor Secretary Thomas Perez, Reps. Maxine Waters… Read more »
Following yesterday’s announcement that the recent data breach at JP Morgan compromised contact information for about 76 million households and 7 million small businesses, Congresswoman Maxine Waters (D-CA) Ranking Member of the Financial Services Committee, today released the following statement, expressing concern and calling on Committee Republicans to make the issue an immediate… Read more »
Today, a trio of House Democratic lawmakers called on Republican leadership of the Financial Services Committee to hold a hearing to review the culture and management practices within the Federal Reserve Bank of New York.
Citing a September 26 media report that indicated a risk averse culture where the Federal Reserve was deferential to the very entities it was charged with… Read more »
Following the House of Representatives vote on a spending measure that extends government funding through December 11th, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, expressed disappointment with a provision to extend the Export-Import Bank’s Charter for only nine months, and explained how it is an unfortunate step toward its possible demise.
She… Read more »
Following the news that the U.S. District Court for the District of Columbia largely rejected a challenge to the way the Commodity Futures Trading Commission applies its derivatives rules overseas, Congresswoman Maxine Waters (D-CA) Ranking Member of the Financial Services Committee, released the following statement:
“Today, proponents of… Read more »
Today, Congresswoman Maxine Waters (D-CA-43), Ranking Member of the Financial Services Committee, expressed support for the Consumer Financial Protection Bureau's announcement that it would take legal action against Corinthian Colleges, Inc. for its predatory lending practices.
Upon hearing the news, Rep. Waters reiterated her support for an unqualified ability for all students… Read more »
WASHINGTON, DC – Citing abuse of the legislative process by House Republicans, Congresswoman Maxine Waters (D-CA) Ranking Member of the Financial Services Committee, voiced her strong opposition to two measures that came before the House tonight.
Waters expressed her frustration with the circumventing of the legislative process to bring large and controversial measures to the floor… Read more »
WASHINGTON, D.C. – At today’s subcommittee hearing to examine our nation’s credit reporting system, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, commented on the release of her proposal to comprehensively reform our nation’s consumer reporting system.
She gave the following statement:
“Chair Capito, I’d like to thank you and Chairman… Read more »
WASHINGTON, D.C. – Citing the countless Americans who have experienced heartbreak, frustration and devastation as a result of incomplete or erroneous information on their credit reports, today Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released a proposal that would make sweeping reforms to our nation’s consumer reporting system.
The draft proposal,… Read more »
Los Angeles, CA– At a recent community event to educate Californians about homeownership, Congresswoman Maxine Waters (CA-43) spoke to hundreds about the importance of responsibly owning a home, and discussed the wide array of federal, state and local resources available for those looking to buy or refinance a home.
Waters delivered the remarks at the Korean Churches for Community… Read more »
Wednesday, July 30, 2014, Democratic members of the Financial Services Committee took to the floor of the House of Representatives to speak about the importance of the Export-Import Bank, the need to renew its charter, and the outpouring of support from businesses across the country for the continuation of the Bank.
The Export-Import Bank supports hundreds of thousands of jobs… Read more »
Following a meeting with National Credit Union Administration (NCUA) Board Chairman Debbie Matz, Congresswoman Member Maxine Waters, Ranking Member of the Financial Services Committee, shared views with NCUA’s proposed risk-based capital rule for federally-insured credit unions.
In a letter to Matz, Waters underscored her support for NCUA’s efforts to revise its capital rules, but… Read more »
WASHINGTON, D.C. – At today’s press conference discussing House Democrats' “Make It In America” jobs legislation, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, blasted Republicans refusal to take action to renew the Export-Import Bank’s charter.
Waters criticized Republicans for heading into a five week Congressional recess without moving… Read more »
At the last markup before the Congress breaks for August recess, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, criticized Republicans for wasting time while a number of major issues remain unresolved.
The full Committee markup included six bills, the majority of which would be harmful to consumers and the economy. They include measures… Read more »
At today’s Financial Services Committee Hearing entitled, “Assessing the Impact of the Dodd-Frank Act Four Years Later” Ranking Member Maxine Waters (D-CA) 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 brought the economy to… Read more »
Following the Securities and Exchange Commission’s (SEC) approval of its long awaited rules for money market mutual funds, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, released the following statement noting the SEC’s progress and underscoring the importance of the Financial Stability Oversight Council in moving these rules toward completion.
… Read more »
Following allegations of discrimination and unfair treatment of women at Goldman Sachs Group, and in light of a continuing examination of similar claims at the Consumer Financial Protection Bureau (CFPB), two senior Democratic members of the House Financial Services Committee are calling on Republican leadership to examine the matter.
In a letter to Committee Chairman Jeb Hensarling… Read more »
WASHINGTON, D.C. – On the fourth anniversary of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Financial Services Committee Ranking Member Maxine Waters (D-CA) released a Democratic staff report that documents the important progress regulators have made in implementing Dodd-Frank, as well as the unyielding Republican effort to… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, announced that former Chairman Barney Frank (D-MA) will return to Congress this Wednesday to testify at a hearing to assess “the Impact of the Dodd-Frank Act Four Years Later.”
“For 20 years, Barney Frank and I worked together closely on the Financial Services Committee, but… Read more »
Today, Congressmen Elijah E. Cummings (D-MD), Ranking Member of the House Committee on Oversight and Government Reform, Senator Ed Markey (D-MA) and Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee announced the release of a Government Accountability Office (GAO) report on medical credit cards and related… Read more »
Following the United States Senate’s passage of legislation to extend the Terrorism Risk Insurance Act for seven years, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised the chamber’s action, and its strong bipartisan vote of 93-4. Over the past several weeks, Waters has been engaged in productive discussions with Democrats,… Read more »
Growing support for legislation that would provide the Securities and Exchange Commission (SEC) with the ability to expand its oversight of investment advisers today hit a bipartisan milestone.
Senior House Republican and former Chairman of the Financial Services Committee Rep. Spencer Bachus(R-AB) has thrown his support behind the measure, known as the Investment Adviser… Read more »
Following reports that House Republicans lack the votes to pass the harmful TRIA Reform Act, Congresswoman Maxine Waters (D-CA), Ranking Democrat on the Financial Services Committee, called on members of both parties to work together to achieve consensus on the renewal of the Terrorism Risk Insurance Act.
She released the following statement:
“The TRIA Reform Act does… Read more »
As Federal Reserve Chair Janet Yellen returned to testify before the House Financial Services Committee today, Congresswoman Maxine Waters (D-CA), the Ranking Democrat, laid out the significant challenges that lie ahead for the Fed, underscored the need to continue the unfinished business of Wall Street Reform and criticized Republican efforts to undermine the independence of… Read more »
