Last week, the U.S. Black Chambers (USBC) honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 USBC Women of Power "Power 50" award. This prestigious award highlights exceptional women leaders who have made significant contributions to business, politics, and community development, embodying qualities of excellence,… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Biden signing the FY24 Appropriations bill into law, which includes crucial authorizing provisions related to the International Monetary Fund (IMF). “I am proud to announce that I was able to secure two critical provisions in the FY2024… Read more »

This week, the National Low-Income Housing Coalition (NLIHC), honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 Policy Champion Award during their 50th anniversary celebration. During the celebration, NLIHC acknowledged Congresswoman Waters’ unwavering work and dedication in Congress to advance equity, justice, and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a Texas federal judge’s ruling that the Minority Business Development Agency, the sole federal agency that exists to promote the growth of minority-owned businesses, must now open its doors to every race. “This decision by an extremist judge in Texas,… Read more »

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, “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.” Thank you very much Mr. Chairman. Good morning. Last week, we marked the one-year… Read more »

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, “The Characteristics and Challenges of Today’s Homebuyers.” Thank you very much. The American dream of homeownership symbolizes financial security, economic mobility, and a sense of… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Capital Markets Subcommittee hearing entitled, “SEC Overreach: Examining the Need for Reform.” Thank you. The SEC has played a critical role over the past 90 years in protecting investors from fraud and abuse, and ensuring U.S.… Read more »

      In response to the ongoing legal attacks on diversity, equity and inclusion (DEI) programs and organizations, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, convened a Women’s History Month roundtable alongside Committee Democrats, including Representatives Emanuel Cleaver (D-MO), Joyce Beatty (D-OH), Sylvia Garcia… Read more »

As the executive board of the International Finance Corporation (IFC) – the World Bank’s private sector investment arm – prepares to allow passage of a Management Action Plan (MAP) today in response to reports of child sexual abuse at schools operated by Bridge International Academies (Bridge) in Kenya, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled, “Bureaucratic Overreach or Consumer Protection? Examining the CFPB's Latest Action to Restrict Competition in Payments.” Thank you very much Mr. Chair.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Housing and Urban Development (HUD) Secretary, Marcia Fudge, will be stepping down as HUD Secretary and retiring this month. “Our country has benefited immensely from Secretary Fudge’s leadership at the helm of HUD, fighting to address our… Read more »

        Yesterday, ahead of President Biden’s State of the Union address, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, along with Representatives Emanuel Cleaver (D-MO), Brad Sherman (D-CA), Steven Horsford (D-NV), Rashida Tlaib (D-MI), Wiley Nickel (D-NC), Brittany Pettersen (D-CO), Jonathan Jackson (D-IL), and… Read more »

This morning, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to sound the alarm on our nation's growing housing and homelessness crisis and encourage the Biden administration to commit to addressing this crisis and highlighting it as a major priority in his State of the Union address. Thank you, Mr. Speaker. In… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Securities and Exchange Commission's (SEC) latest approval of the agency’s climate disclosure rule. This rule directs public companies to disclose key details about their role in driving climate change and the threat that warming poses to their… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s (CFPB) finalized rule to cut excessive credit card late fees, and reduce the typical fee from $32 to $8. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to… Read more »

This evening, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 2799, the “Expanding Access to Fraud Act,” which is a Republican-led bill that would allow fraud and financial abuse to proliferate within our capital markets and raise costs on small businesses. As prepared for delivery Chair, I rise… Read more »

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, “The Federal Reserve’s Semi-Annual Monetary Policy Report.” Thank you very much Mr. Chairman. Good morning, everyone. Welcome back Chair Powell. While I am pleased by the progress the Fed and the Biden… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during today’s full Committee markup. The “Wildfire Insurance Coverage Act” led by Ranking Member Maxine Waters (D-CA). This bill would require the Government Accountability Office (GAO) to conduct a study… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Thank you very much, Mr. Chairman. Good morning. Today, this Committee is marking up five bills, including my bill, as you just mentioned the “Wildfire Insurance Coverage Study Act.” Climate change is making… Read more »

Following Capital One’s recent announcement that they plan to purchase Discover, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 15 House Democrats in a letter urging the U.S. Department of Justice and our nation’s banking regulators, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Capital One Financial Corporation is proposing to purchase Discover Financial Services for $35 billion. “I am deeply opposed to Capital One’s announced acquisition of Discover. This merger, which involves two of the country’s largest banks… Read more »

       This week, Congresswoman Maxine Waters (D-CA), the top Democrat of the House Financial Services Committee, was recognized with the 2024 Trailblazer Award by the Financial Services Professionals organization. This prestigious award acknowledges Members of Congress who have demonstrated exceptional dedication to fostering the advancement of Black professionals… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, leads 41 House Democrats in sending a letter to our nation’s banking regulators — specifically the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency — urging regulators to move quickly to finalize… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled, “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” It is ironic that Republicans are holding this hearing on crypto… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions and Monetary Policy Subcommittee hearing entitled, “Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending.” Thank you very much. It has been nearly a year since we faced the sudden… Read more »