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 »

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, “Making Community Banking Great Again.” As Prepared for Delivery Good morning. Today, we are here to discuss how to strengthen community banks and credit unions, vital institutions that are… Read more »

Today, U.S. Representatives Maxine Waters, Ranking Member of the House Financial Services Committee; Jim Himes, Ranking Member of the House Permanent Select Committee on Intelligence; Gregory W. Meeks, Ranking Member of the House Foreign Affairs Committee; Adam Smith, Ranking Member of the House Armed Services Committee; Gerry Connolly, Ranking Member of the House Oversight Committee;… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the re-launch of a whistleblower webpage on the Committee’s official website to allow members of the general public and government employees in financial services agencies to report misconduct, financial waste, fraud, workplace abuse, and abuse of power under the Trump… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Director of the Office of Management and Budget (OMB), the United States Attorney General and the Director of the Office of Personnel Management (OPM) following the Trump Administration’s recent Executive Order directing agencies to work together to terminate all… 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 organizational meeting. During the organizational meeting, the Committee will approve the rules and oversight plan for the 119th Congress and consider resolutions to establish a Committee Task Force and appoint members to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced Subcommittee Ranking Members and Subcommittee membership for the House Committee on Financial Services for the 119th Congress. Subcommittee Ranking Members are subject to approval by the Democratic Steering and Policy Committee: Subcommittee on Capital… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced membership for the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force for the 119th Congress. Democratic Members of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force: Representative Juan Vargas (CA-52),… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued a fact sheet with resources for families and individuals affected by the Los Angeles County wildfires. Congresswoman Waters will continue to share relevant updates as needed. Households can access real-time updates on available resources through the Committee Democrats’ webpage… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected by the House Democratic Steering and Policy Committee to serve on the House Financial Services Committee. “I am pleased to welcome both new and returning Members of Congress to the House Financial Services Committee,” said… Read more »

Today, Congresswoman Maxine Waters (D-CA) was re-selected unanimously by the Democratic Caucus to serve as the top Democrat, or Ranking Member, of the House Committee on Financial Services for the 119th Congress. This Committee oversees all components of the nation’s housing and financial services sector, including banking, insurance, real estate, public and assisted housing, and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the passage of four bipartisan bills under suspensions of the rules, including measures to promote housing production and honor iconic figures like Shirley Chisholm, Roberto Clemente, and Holocaust heroes. This is a procedure often used on the House floor to 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 hearing entitled, “Innovation Revolution: How Technology is Shaping the Future of Finance.” Good morning. I’d like to welcome our witnesses to the Committee today for this important discussion around the future of… Read more »

Ahead of a hearing to examine how technology is shaping the future of finance, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA) and Chairman Patrick McHenry (R-NC), introduced two bipartisan measures highlighting the impact of artificial intelligence (AI) on the financial services and housing industries. Ranking Member Waters… 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, “Oversight of the Securities and Exchange Commission.” Good morning. I’d like to welcome the Chair of the Securities and Exchange Commission, Gary Gensler, along with Commissioners Peirce, Crenshaw,… Read more »

   This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, spoke with Federal Reserve Chair Jerome H. Powell during a full Committee hearing. During the hearing, Congresswoman Waters highlighted the booming economy and discussed several critical economic issues with the Chairman: Strong Economy: Congresswoman Waters… 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 Semi-Annual Report of the Bureau of Consumer Financial Protection.” Thank you very much, Mr. Chairman. And first, let me say to Director Rohit Chopra, thank you for your patience this morning. I… Read more »