Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed ten bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 3422, the “Promoting… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she sent letters to the leadership of the House Committee on Appropriations urging appropriators to fund programs that would address our nation’s worsening housing and homelessness crises; support small, minority-owned businesses; and protect our nation’s investors and… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led Committee, Democrats in a markup to stop Republicans’ dangerous crypto market structure bill, the “CALAMITY Act.” For several weeks, Congresswoman Waters has led Committee Democrats in warning both Members of Congress and the American people on the dangerous implications of this bill. For… 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 markup. “Good morning, and thank you, Chairman Hill. As we sit here, Trump has violated the sovereignty of my state of California, federalizing the National Guard and sending the Marines into Los Angeles. This is… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement during the Democratic hearing exploring Trump’s crypto crimes and the implications of the Republican-led crypto market structure bill. This hearing follows a request from the entire Committee Democratic caucus urging a Minority Day hearing to properly explore… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led all of the Democratic members on the Committee in requesting a follow-up hearing to today’s session exploring the Republican-led crypto market structure bill. This follow-up hearing, known as a “Minority Day Hearing,” would feature a second panel of witnesses, selected by… 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, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.” “Thank you very much, Mr. Chairman. I too would like to have productive dialogue. But it’s very… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. In the letter, Congresswoman Waters is requesting a full technical and impact analysis of the CLARITY Act. This request comes ahead of tomorrow’s hearing being held by Committee Republicans to discuss… Read more »

Landmark legislation will put an end to Trump’s crypto corruption and protect America’s investors. Bill prohibitions extend to Members of Congress. Waters introduces bill HOURS before Trump’s corrupt memecoin dinner. Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Committee Democrats introduced H.R. 3573, the “Stop Trading,… 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 markup. “Thank you very much, Mr. Chairman. Good morning, everyone. Since the last time this full Committee convened, economic conditions for our nation’s consumers and investors have grown even worse. And this is… Read more »

    This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats including Representatives Brad Sherman (D-CA), Stephen Lynch (D-MA), Bill Foster (D-IL), Sean Casten (D-IL), and Sylvia Garcia (D-TX), in blocking a joint crypto hearing held by Republicans on the Financial Services and Agriculture Committee… 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 Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” “Thank you, Mr. Chairman.  “Since the very first day of the Trump Administration,… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, blocked the originally scheduled Financial Services and Agriculture Committee joint committee hearing following Chairman Hill’s refusal to include provisions in legislation blocking President Donald Trump from further enriching himself with crypto. In response, Waters convened a separate… Read more »

    After a catastrophic first 100 days in office, during which President Trump has wrecked the economy and put the United States on track toward a recession, on Wednesday, Committee Republicans doubled down on this dangerous agenda by voting to advance the Billionaire Tax Cut bill out of Committee. This bill is riddled with harmful, deregulatory, and flat-out dangerous… Read more »

    On Wednesday, Committee Republicans passed a dangerous bill that would empower President Trump, his family, and his insiders – including billionaires like Elon Musk – to continue exploiting the power of the Presidency to establish multiple crypto schemes, including a stablecoin, to enrich himself and his family. This Republican bill, misleadingly titled the “STABLE Act,”… 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 markup. Thank you very much, Mr. Chairman. When I was Chair of this Committee, I launched the Congressional effort to create a federal framework around stablecoins. I wanted robust protections, especially in the… Read more »

In recent weeks, Trump took his assault on small businesses another step further by signing an Executive Order to gut the Community Development Financial Institutions Fund (CDFI Fund). For 30 years, CDFIs have stepped up to the plate to provide needed support for consumers and small businesses in rural, native, suburban, and urban communities. This Executive Order will have a massive… 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, “Beyond Silicon Valley: Expanding Access to Capital Across America.” Good morning. Thank you very much, Mr. Hill. Before I begin, I want to comment about the outrageous national security breach… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced Congressman Sean Casten (D-IL), as the Vice Ranking Member on the Committee. “I am pleased to announce that Congressman Sean Casten will serve as Vice Ranking Member on the House Financial Services Committee for the 119th Congress. For many years, Committee Democrats have… 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, “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency.” Thank you, Mr. Chairman. For years, I and… Read more »

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… Read more »

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… 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, “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… Read more »

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… Read more »

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… Read more »