Today, House Financial Services Committee, Ranking Member Maxine Waters (CA-43) and leaders of the Litigation and Rapid Response Task Force, House Assistant Minority Leader Joe Neguse (CO-02) and House Judiciary Committee, Ranking Member Jamie Raskin (MD-08), issued the following statement after a federal judge blocked efforts to dismantle the Consumer Financial Protection Bureau… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats in introducing H. Res. 259, a Resolution of Inquiry (ROI) demanding information related to the Trump-Musk’s Administration’s illegal shutdown of the Consumer Financial Protection Bureau. This shutdown followed the Trump Administration's decision to illegally grant… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought in response to his March 12 directive ordering CFPB staff to halt all work related to Diversity, Equity, and Inclusion (DEI). In the letter, Congresswoman Waters condemns Vought’s orders to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the Consumer Financial Protection Bureau dropping at least nine pending enforcement cases, including one lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged payment scams on the app, Zelle, in violation of consumer financial… 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; Congressman Al Green (D-TX), the Ranking Member on the Subcommittee on Oversight & Investigations; and Congressman Bill Foster (D-IL), the Ranking Member on the Subcommittee on Financial Institutions, sent a letter to the Government Accountability Office and the Inspector General for… Read more »

This morning, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee in conjunction with Democratic Leader Hakeem Jeffries (D-NY); Assistant Leader Joe Neguse (D-CO); Congressman Jamie Raskin (D-MD), Ranking Member of the House Judiciary Committee; and the House Democratic Litigation Working Group led a group of 203 House Democrats in filing an amicus… Read more »

Since President Trump and his unelected billionaire co-President Elon Musk moved to illegally shutter the widely supported Consumer Financial Protection Bureau (CFPB), the nation’s largest banks have remained silent. In response, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Financial Services Forum and the Banking… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast the Republican budget rip off, which guts funding for the Consumer Financial Protection Bureau and key federal programs. Mr. Speaker, I strongly oppose the Republican Budget Rip Off. I hear from constituents everyday about the high cost of living.… 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, led key House Members in a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought, demanding answers regarding the agency’s compliance with the Trump Administration’s recent executive order directing federal agencies to dismantle all Diversity, Equity,… Read more »

In light of recent and illegal actions taken by the Trump Administration and Elon Musk to eliminate the Consumer Financial Protection Bureau (CFPB), today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Chairman French Hill (R-AK) urging the Chair to immediately convene a hearing with CFPB Acting Director Russell Vought on… Read more »

“The Trump Administration has effectively fired the financial cop on the beat and declared open season for predatory lenders and scam artists working to steal Americans’ money and threaten their financial security.” “We beat back all prior efforts to gut this agency, and we will fight this latest attack in Congress, the courts, and the public. It will fail.” Text of Letter… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congressman Bill Foster (D-IL), the Ranking Member on the Subcommittee on Financial Institutions, sent a letter to the Acting Director of the Consumer Financial Protection Bureau (CFPB), Russell Vought, sounding the alarm on his recent request of $0 from the Fed to fund the CFPB’s… Read more »

     This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, joined Democratic Members of Congress, consumer advocates, and Consumer Financial Protection Bureau (CFPB) staff outside the agency’s headquarters to demand answers following Elon Musk’s recent takeover of the agency. Over the past five days Trump, Acting… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, unveiled payment stablecoin legislation agreed to by then Chair McHenry’s and Ranking Member Waters’ staffs. This bill represents the culmination of three years’ worth of work to craft bipartisan stablecoins legislation, dating back to when Waters was Chair, and reflects extensive… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following reports that Elon Musk has taken over the Consumer Financial Protection Bureau (CFPB) and is rapidly advancing plans to eliminate the agency. These plans were further confirmed when Musk tweeted yesterday, “CFPB RIP.” “Make no mistake, unelected… Read more »

With the Trump Administration and co-President Musk now targeting the CFPB, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this fact sheet to educate co-President Musk, Members of Congress, and the American public on the critical importance of the Consumer Financial Protection Bureau (CFPB). What Is DOGE Doing at the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman Bill Foster (D-IL), Ranking Member of the Subcommittee on Financial Institutions and Monetary Policy, Speaker Emerita Nancy Pelosi (D-CA), and 78 House Democrats, sent a letter to Acting Consumer Financial Protection Bureau (CFPB) Director, Scott Bessent. In the letter, the… 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, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Donald Trump’s latest decision to fire the Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra. Director Chopra’s term is not set to end until 2026. Congresswoman Waters recently released a fact sheet exposing President… Read more »

As President-elect Trump prepares to take office, one of his top priorities is to fund tax breaks for wealthy corporations and billionaires by gutting or eliminating critical government programs and services for Americans. To lead the charge, he’s tapped his co-President and the richest man on the planet, Elon Musk. Musk has relentlessly targeted agencies critical to a functioning… 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) rule that will prohibit medical debt from being included in a consumer’s credit report used by a lender and prohibit lenders from using medical information in their lending decisions. “I applaud the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the Consumer Financial Protection Bureau’s (CFPB) final rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. “I applaud the Consumer Financial Protection Bureau, led by Director Rohit Chopra, for this… Read more »