Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full committee hearing on the Federal Reserve’s supervision and regulation of the financial system with Randal Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve System. As Prepared for Delivery Thank you, Mr. Chairman, and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full Committee markup to consider the Majority's Views and Estimates on the Budget for FY 2019: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, Committee Democrats are committed to advancing policies that create shared prosperity and… Read more »

Today, at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman and welcome, Chairman Powell. I look forward to your testimony… Read more »

Today, at a House Financial Services Committee markup of 17 bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, here we are yet again marking up a large number of bills, many of which could be harmful to consumers, investors, and our… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a press conference highlighting House Republicans’ refusal to address Russia’s threat to our democracy and national security: As Prepared for Delivery “Good Afternoon. Beginning in early 2017, I and other Democrats on the Financial Services Committee… Read more »

On Wednesday, October 25, 2017, House Financial Services Committee Democrats will lead an additional hearing to examine the massive data breach that occurred at Equifax, and to consider and discuss ideas for ensuring the integrity of our country’s consumer reporting system and safeguarding consumer data. The hearing, referred to as a “Minority Day Hearing,” is the second hearing before… Read more »

Today, at the first full committee hearing of the 115th Congress to examine the future of housing in America under U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, questioned Secretary Carson about the devastation in Puerto Rico and President Trump’s threatening and… Read more »

Today, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: Thank you Mr. Chairman. America is currently in the midst of the worst rental housing crisis that we’ve ever experienced, and it is hitting our lowest… Read more »

Today, at a House Financial Services Committee markup of 23 bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: Thank you very much, Mr. Chairman. I must indicate that this is the largest number of bills that I’ve ever experienced being taken care of in Committee, and it does cause me some concern. I… Read more »

Recognizing that the American public deserves answers and a promise to safeguard their personal identifying information, Financial Services Committee Democrats, led by Ranking Member Maxine Waters (D-CA), used an obscure parliamentary maneuver to demand a Minority Day hearing to continue to discuss the numerous issues with the current credit reporting system and to cast more light on the… Read more »

Today, at a full committee hearing to discuss the massive security breach at Equifax, one of the nation’s largest credit reporting agencies, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. The massive breach at Equifax and the company’s subsequent… Read more »

Today, at a press conference to unveil Congresswoman Maxine Waters’ (D-CA), Ranking Member of the Committee on Financial Services, groundbreaking legislation titled the Megabank Accountability and Consequences Act (H.R. 3937), Ranking Member Waters delivered the following remarks: As Prepared for Delivery Good afternoon, and welcome. I would like to thank Representatives Green,… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement at a full committee hearing entitled “Sustainable Housing Finance: An Update from the Director of the Federal Housing Finance Agency.” As Prepared for Delivery Today we welcome back our former colleague and my good friend, Federal Housing Finance Agency… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released a Democratic staff report detailing a pattern of abusive business practices by Wells Fargo and finding that prudential regulators have failed to utilize the full extent of their authorities to end unlawful practices at megabanks like Wells Fargo. “Last September, our country first… Read more »

Today, in response to a report revealing that Wells Fargo opened an additional 1.4 million fraudulent bank accounts and 528,000 unauthorized online bill pay enrollments without their customers’ knowledge or permission, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “Wells Fargo’s misdeeds are egregious, and they… Read more »

Following the announcement that Elizabeth Duke will replace Stephen Sanger as Chairman of the Board of Directors of Wells Fargo, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “This superficial change in leadership at Wells Fargo isn't enough to restore the trust and confidence of the American public. While… Read more »

WASHINGTON -- Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel T. Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and… Read more »

At today’s Financial Services Committee hearing with Treasury Secretary Steven Mnuchin, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, called for Secretary Mnuchin to address several matters of concern, including a May 23 letter from Committee Democrats requesting information regarding the financial dealings of President Trump, his family… Read more »

Today, at a full Financial Services Committee markup of five bills, the Committee will consider Committee Democrats’ Resolution of Inquiry, which directs Treasury Secretary Mnuchin to provide Congress with documents on the financial dealings of President Trump, his family members, and his associates. In her opening statement, Congresswoman Maxine Waters (D-CA), Ranking Member of Financial… Read more »

Throughout the controversy surrounding the Trump Administration’s suspicious and undisclosed financial dealings and business partnerships, House Financial Services Committee Democrats have remained committed to following the money trail. Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel Kildee (D-MI), Vice Ranking Member of the… Read more »

Today, at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chair Janet Yellen, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you Mr. Chairman, and thank you Chair Yellen. It is a pleasure to have you with us… Read more »

Today, led by Ranking Member Maxine Waters (D-CA) and Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO), all 26 Democratic Members of the Committee on Financial Services sent a letter to Chairman Jeb Hensarling requesting hearings with Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), and Sonny Perdue, Secretary of the U.S.… Read more »

Today, at the continuation of the House Financial Services Committee markup of seven flood insurance bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement in support of Congresswoman Nydia Velázquez’s (D-NY) bill, H.R. 2875, the “National Flood Insurance Program (NFIP) Administrative Reform Act of 2017:” Thank you,… Read more »

On the first day of the of the House Financial Services Committee markup of seven flood insurance bills, Committee Democrats fought for the availability and affordability of the National Flood Insurance Program (NFIP). “Democrats will offer amendments to provide the reauthorization language needed to keep the NFIP’s doors open and keep the real estate market from spiraling out of… Read more »

Today, at a Committee markup of seven flood insurance bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: Thank you, Mr. Chairman. Eight days ago, we gathered in this hearing room to discuss six legislative proposals to reform the National Flood Insurance Program. At that hearing, I once again called… Read more »