House Democrats, led by Financial Services Committee Ranking Member Maxine Waters, today released a “set of critical core principles” they believe should be part of legislative efforts to address the future of housing finance reform. Since the beginning of the 113th Congress, Democrats on the Financial Services Committee have held a series of briefings, roundtables, and caucuses on… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, delivered the following opening statement at today's full Committee hearing. The hearing, entitled, “A Legislative Proposal to Protect American Taxpayers and Homeowners by Creating a Sustainable Housing Finance System,” examined draft legislation proposed by Republicans to “reform” our nation’s housing… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, delivered the following statement at today's full Committee hearing with Federal Reserve Chairman Ben Bernanke:
As prepared for delivery:
Thank you Mr. Chairman, and thank you Chairman Bernanke for being here with us again today.
Chairman Bernanke, under your leadership and through the actions taken… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, released the following statement today in response to the Senate’s vote to confirm Richard Cordray as the director of the Consumer Financial Protection Bureau (CFPB):
“It is with great pleasure that I congratulate Richard Cordray on his long overdue confirmation as Director of the CFPB. Under his… Read more »
Today, in response to Financial Services Chairman Jeb Hensarling’s release of a proposal to reform the nation’s housing finance system, Financial Services Committee Ranking Member Maxine Waters released the following statement:
“I am strongly disappointed in the Chairman’s legislation, which is little more than an attempt to reinvent America’s housing finance system using the same kind… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, commended Federal Banking regulators for adopting final rules implementing the Basel III International Regulatory Framework. The rule was unanimously accepted by the Board of Governors of the Federal Reserve and is expected to be adopted by other banking regulators in the coming weeks.
“I am very… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, along with 26 colleagues sent a bipartisan letter to Craig Fugate, Administrator of the Federal Emergency Management Agency (FEMA), urging him to use any discretionary authority available to address an unintended consequence of the Biggert-Waters Flood Insurance Reform Act. Ranking Member Waters’ letter… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, convened her second bipartisan panel this morning on Capitol Hill to discuss various proposals for reform of the Government-Sponsored Enterprises and the secondary mortgage market. Today’s discussion, builds on the April session by providing an opportunity for industry stakeholders to share their point… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, offered the following statement today in response to the Senate Banking Committee hearing on the nomination of Congressman Melvin L. Watt to be Director of the Federal Housing Finance Agency. Ranking Member Waters previously endorsed Congressman Watt’s nomination stating that he is an individual that is… Read more »
Legislators Laud Consumer Agency’s Progress on Student Loan Debt
Two senior Democratic lawmakers from the House- Congresswoman Maxine Waters (D-Calif.), Ranking Member on the Financial Services Committee, and Congressman George Miller (D-Calif.), the senior Democratic Member on the Education and the Workforce Committee, today released a joint letter to Director Richard Cordray commending… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, led committee Democrats today in encouraging Financial Services Committee Members to, “read the law,” in hopes to “facilitate a rational discussion based on actual provisions within the law.” During the full committee hearing titled, “Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, will moderate her second bipartisan panel discussion on plans to reform the nation’s secondary mortgage market. The panel discussion will be held on Friday, June 28th on Capitol Hill.
In April, Ranking Member Waters hosted the first in a series of panel discussions on the topic of how to best provide… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, made the following statement today at the portrait unveiling ceremony of former Chairman Barney Frank. The portrait will hang in the main Financial Services Committee hearing room, located in the Rayburn House Office Building.
Barney Frank served as a Member of the U.S. House of Representatives,… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, made the following statement today at a meeting of the Committee held to mark up the following legislation:
H.R. 2374, the Retail Investor Protection Act
H.R. 1135, the Burdensome Data Collection Relief Act
H.R. 1105, the Small Business Capital Access and Job Preservation Act
H.R. 1564,… Read more »
As the Administration moves to begin negotiations with Europe on a wide-ranging trade deal with the European Union, Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter today to President Obama urging him to leave the issue of financial reform out of the trade talks.
Ranking Member Waters, a long-time supporter of efforts to foster… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter today to Christy L. Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), calling for an investigation of Bank of America or any other mortgage servicer, who allegedly benefited by misleading borrowers eligible for the Home Affordable Modification Program… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee and 13 Members of the California Congressional Delegation, released the following letter yesterday to Attorney General Eric Holder calling for the U.S. Department of Justice to investigate JPMorgan Chase, the nation’s largest bank, for alleged fraudulent schemes that resulted in $83 million in… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, made the following statement today on the floor of the U.S. House of Representatives. Ranking Member Waters opposed the passage of H.R. 1256, the Swap Jurisdiction Certainty Act, under closed rule. Ranking Member Waters led the debate noting that H.R. 1256 handcuffs our regulators reach overseas, and… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, made the following opening statement today at the full committee hearing, titled “Beyond the GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.” Ranking Member Waters in her statement reveals “that while other countries may invest fewer resources in homeownership… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, made the following statement yesterday on the floor of the U.S. House of Representatives. Ranking Member Waters called for bipartisan support to an amendment, offered by Rep. Bill Cassidy (R-LA) that would delay implementation of Section 207 of the Biggert-Waters Flood Insurance Reform Act of 2012, and… Read more »
Today, Ranking Member Maxine Waters (D-Calif.), joined U.S. Senator Richard Blumenthal (D-Conn.) and Lois Capps (D-Calif.), in sending a letter to eight executive agencies urging them to protect surviving spouses from foreclosure. This segment of the homeowner population – often women in their later years – faces unique circumstances that unfairly deprive them of opportunities to avoid… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, lit up a committee hearing Wednesday by calling for aggressive prosecution of financial institutions involved in the laundering of illegal drug money.
The hearing, held by the Oversight and Investigations Subcommittee of the House Committee on Financial Services, focused on the question of whether… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, delivered the following statement at today's full Committee hearing with Treasury Secretary Lew:
Thank you very much Mr. Chairman. I am very pleased to welcome Secretary Lew to his first appearance before the Financial Services Committee to deliver the annual… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today made the following statement on the House Floor:
I rise to strongly oppose HR 1062. This bill places significant additional requirements for economic analysis by the Securities and Exchange Commission (SEC), effectively bringing any efforts at rulemaking to a standstill.
Let’s be… Read more »
The U.S. House of Representatives today passed the “SEC Regulatory Accountability Act” (H.R. 1062), a Republican bill which despite its common-sense title would greatly restrict the ability of the Securities and Exchange Commission (SEC) to protect millions of American investors.
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, led debate for the… Read more »
