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 »

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 FDIC’s Failed Leadership and Toxic Workplace Culture.” Good morning. Thank you to our witnesses for being here today, including Acting Comptroller Hsu who testified just a few weeks… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose the “Not Fit For Purpose Act,” which is a bill that would significantly restrict the regulatory authority of the Securities and Exchange Commission and eliminate all rules for the crypto industry. I rise in strong opposition to H.R. 4763, which I am… 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 aimed at removing barriers to housing disabled veterans experiencing homelessness and increasing transparency in plans for community building while encouraging localities to build… 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, Chairman McHenry. Good morning. Today, most of the bills we are marking up unfortunately are not only partisan, but also massively deregulatory, harmful to our nation’s consumers and investors, and do… 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 Prudential Regulators.” Thank you very much Mr. Chairman. Good morning. I’d like to thank our witnesses from the Federal Reserve, the FDIC and the OCC for coming before the Committee… 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 provisions that would address our nation’s worsening housing and homelessness crisis, support small, minority-owned businesses, and to protect our nation’s investors… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led, bipartisan bills that passed during yesterday’s full Committee markup aimed at safeguarding consumers and taking steps to prevent additional bank failures following the collapse of Silicon Valley Bank, First Republic, and Signature Bank last year.… 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, Chairman McHenry. Good morning, everyone. Today, this Committee is marking up several bills. Unfortunately, most of the bills we are considering are not bipartisan, and would pose significant harm to… 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, 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 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, 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 »

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 »

During last week’s 2024 Democratic Issues Conference, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted a breakout session entitled, “Housing for All: Tackling the Affordable Housing and Homelessness Crisis.” The breakout session included Congressman Emanuel Cleaver (D-MO), the Ranking Member on the Subcommittee on Housing and… 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 Report of the Financial Stability Oversight Council.” (U.S. Secretary of the Treasury Janet Yellen and House Financial Services Committee Ranking Member Maxine Waters) Treasury… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and the Committee’s Subcommittee Ranking Members sent a letter to Congressman Patrick McHenry (R-NC), Chair of the Committee, calling for an immediate hearing to address significant racial disparities in mortgage approval rates at Navy Federal Credit Union (NFCU), the largest credit… 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 Department of Housing and Urban Development & the Federal Housing.” Good morning, Madam Secretary. It is indeed my honor to welcome you before the Committee today. On behalf 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 full Committee hearing entitled, “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” Good morning. I’d like to welcome Director Rohit Chopra back to our Committee and applaud the excellent work the CFPB has done… Read more »