In opening remarks during a Financial Services Committee markup today, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member, pushed back against Republican efforts to dismantle Wall Street reforms, including much-needed investor and consumer protections.
Waters noted that while she supports some of the measures under consideration, she is dismayed by broader Republican… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on House Republicans’ so-called regulatory reform agenda:
“House Republicans are once again making it clear that they do not care. Last week, they showed America that they don’t care about people living in poverty by releasing a fake poverty agenda that… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today delivered a major speech at an AFL-CIO conference on monetary policy in the United States.
In her remarks, Ranking Member Waters said the Federal Reserve should pay due consideration to the needs of workers when setting interest rate policy and expressed concerns about the impact of any… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke on the House floor today about the state of homelessness in the United States and how the Republican poverty plan does nothing to address this crisis.
In her remarks, Ranking Member Waters noted that the recently introduced Republican poverty agenda, “would only exacerbate homelessness and… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on legislation that would fund financial services agencies for fiscal 2017, which the House Appropriations Committee approved today:
“Republicans, once again, are using every tool at their disposal to push an agenda that would hurt consumers and threaten the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement after President Obama vetoed legislation that would overturn the Labor Department’s fiduciary duty rule:
“I am pleased that President Obama has vetoed harmful legislation that would overturn the Labor Department’s efforts to protect seniors from conflicted… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on House Republicans’ harmful plan that would exacerbate poverty in this country:
“Today, Republicans have unveiled a fake poverty program that shows, yet again, they are out of touch with the realities of poverty in America. This is nothing more than a… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, denounced Chairman Jeb Hensarling’s proposal to weaken our country’s financial and consumer protections:
“Today, just steps from Wall Street, Chairman Hensarling unveiled a special interest wish list that would deregulate the financial sector to the detriment of consumers and investors. In the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on the Consumer Financial Protection Bureau’s efforts to protect consumers from abusive lending practices:
“The CFPB has taken an important step today to rein in payday lenders that prey on financially vulnerable Americans. These loans often come with… Read more »
WASHINGTON -- Today, Reps. Maxine Waters, Elijah E. Cummings, and Bobby Scott, Ranking Members of the House Committees on Financial Services, Oversight and Government Reform, and Education and Workforce, issued the following statement on news that the U.S. Chamber of Commerce, Securities Industry and Financial Markets Association, and other industry groups have filed a lawsuit to overturn… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, introduced landmark legislation to overhaul the American credit reporting system so that it is fairer, more accurate, and less confusing for consumers.
Consumer reporting agencies compile and maintain files for about 200 million adults. These reports play an important role in Americans’… Read more »
Congresswoman Member Maxine Waters, Ranking Member of the House Financial Services Committee, spoke on the House floor today about the state of homelessness in our country and sent a letter to Congressional Appropriators urging an extension of the U.S. Interagency Council on Homelessness (USICH).
In her letter to the House Appropriations Subcommittee on Transportation, Housing and Urban… Read more »
Congresswoman Member Maxine Waters, Ranking Member of the House Financial Services Committee, submitted the following statement for the record at a Monetary Policy and Trade Subcommittee hearing titled “Interest on Reserves and the Fed’s Balance Sheet”:
Thank you Chairman Huizenga and Ranking Member Moore for organizing today’s hearing.
As we look at the Fed’s implementation of… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on an announcement from Google that it will ban ads for short-term loans with high interest rates:
“Today, Google announced an initiative to protect consumers from predatory payday lending by banning ads for short-term loans with high rates. After studying… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced legislation with 14 other California Democrats representing the County of Los Angeles to address concerns with the Department of Housing and Urban Development’s (HUD) initiative to consolidate its multifamily offices, known as the “Multifamily Transformation.” The initiative is… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on the Obama Administration’s new rules and proposals to fight money laundering:
“I welcome the Administration’s announcement today of a major package of initiatives designed to help fight financial crime, protect the integrity of the U.S. financial… Read more »
Today, Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, issued the following statement applauding the Consumer Financial Protection Bureau’s (CFPB) proposed rule on forced arbitration:
“Everyday contracts, such as credit card agreements and checking accounts, should not use fine print to automatically deny consumers the right to access the civil… Read more »
WASHINGTON -- Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, released the following statement today regarding an announcement from the Department of Housing and Urban Development (HUD) that it will allocate $174 million to states from the National Housing Trust Fund:
“There is a serious lack of affordable housing units in this country,… Read more »
In remarks on the House floor today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, took a strong stand against H.J. Res. 88, a Republican measure that seeks to dismantle the Labor Department’s recently finalized rule governing investment advice for retirement accounts.
In her remarks, Ranking Member Waters noted that resolution would… Read more »
During floor consideration of H.R. 4498, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, said the measure could lead to unnecessary and harmful loopholes in our securities laws.
The measure would roll back a requirement enacted under the JOBS Act for companies selling private offerings to first verify that a purchaser is an accredited… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today introduced legislation that would remove unfair barriers to obtaining federal housing assistance, such as Public Housing and the Section 8 Housing Choice Voucher program. The proposal – unveiled during National Fair Housing Month and National Reentry Week – would reform eviction and screening… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, applauded an announcement today from the Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) that it will award $100,000 to the Housing Authority of the City of Los Angeles (HACLA) through DOJ’s Juvenile Reentry Assistance Program (JRAP). HACLA has partnered with… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, today announced that the State of California has been awarded $169.8 million through a competitive grant under the Hardest Hit Fund, a federal program that provides targeted aid to mortgage borrowers to prevent avoidable foreclosures.
In February, the Treasury Department allocated $213.5… Read more »
Ranking Member Maxine Waters (D-CA) responded to a Government Accountability Office (GAO) report released today on the Federal Emergency Management Agency’s (FEMA) rate-setting methods under the National Flood Insurance Program (NFIP) and the Agency’s progress in ensuring that full-risk rates accurately reflect flood risk.
Waters requested the report in 2014 when Congress was working… Read more »
During floor consideration of H.R. 3340, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, urged rejection of the bill, which would undermine the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) by subjecting their funding to Congressional appropriations and interfering with their research.
The OFR and the… Read more »
