Skip to Content

CFPB

Ranking Member Waters Applauds CFPB’s New Rule Targeting Fraud and Scams in Big Tech Payment Apps

| Posted in Press Releases
Tags: CFPB

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 latest action to supervise widely used payment apps provided by Big Tech and other nonbank companies and ensure they are held accountable for protecting personal data, responding to fraud, and stopping illegal…

Maxine Waters, Ranking Member, Delivers Opening Statement During CFPB Hearing: “After 14 Years of Attacks from Congressional Republicans and the Industry…the Supreme Court Sided with Consumers and Affirmed What I and Committee Democrats Have Been Saying All Along: the CFPB is Constitutional and Here to Stay!”

| Posted in Press Releases

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…

Ranking Member Waters’ Op-Ed: Thanks to Clarence Thomas, the CFPB Isn't Going Anywhere

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, penned an opinion piece for the American Banker, following the Supreme Court’s ruling in Consumer Financial Protection Bureau v. Community Financial Services Association to uphold the constitutionality of the CFPB’s funding structure. In the op-ed, Congresswoman Waters highlights the…

Waters, McHenry Send Bipartisan, Bicameral Letter to Regulators Urging Timely Implementation of the Financial Data Transparency Act

| Posted in Press Releases

The top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA); the Chairman of the House Financial Services Committee, Congressman Patrick McHenry (R-NC); U.S. Senator Mike Crapo (R-ID); and, U.S. Senator Mark Warner (D-VA) sent a letter to federal financial regulators urging them to implement their respective obligations under the Financial Data…

Maxine Waters, Ranking Member, Applauds Supreme Court Decision to Uphold Constitutionality of Consumer Financial Protection Bureau

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Supreme Court’s decision today to uphold the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) funding structure. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to protecting…

Maxine Waters, Ranking Member, Delivers Opening Statement During Financial Institutions Hearing on the CFPB: “House Republicans Revealed Their True Colors Last Year When Two-Thirds of Their Caucus Voted to Defund the CFPB, but Thankfully Democrats Handily Defeated That Effort.”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions and Monetary Policy Subcommittee hearing entitled, “Agency Audit: Reviewing CFPB Financial Reporting & Transparency.” Thank you. Today, this Subcommittee could have been examining ways to strengthen consumer…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Big Tech: “I Have Long Raised Concerns About Big Tech’s Expansion into Financial Services and I Am Pleased That the CFPB is Finally Taking Action to Oversee These Companies”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled, “Bureaucratic Overreach or Consumer Protection? Examining the CFPB's Latest Action to Restrict Competition in Payments.” Thank you very much Mr. Chair.…

Maxine Waters, Ranking Member, Applauds CFPB’s Rule to Limit Credit Card Late Fees

| Posted in Press Releases
Tags: CFPB

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) finalized rule to cut excessive credit card late fees, and reduce the typical fee from $32 to $8. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to…

Maxine Waters, Ranking Member, Applauds CFPB’s Proposed Rule to Stop Overdraft Fees and Save Consumers Billions

| Posted in Press Releases
Tags: CFPB

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) proposed rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. The CFPB has long been supported by Congresswoman Waters and is the only federal agency…

Congresswoman Maxine Waters on GOP Effort to Overturn Protections for Small Businesses: “Senate Joint Resolution 32 is Just Another Part of Republicans’ Relentless Attack on the CFPB.”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement on the House floor in opposition of Senate Joint Resolution 32, a Republican-led resolution that would hurt small businesses by overturning a Consumer Financial Protection Bureau (CFPB) rule to support small businesses by improving transparency and…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing with Consumer Financial Protection Bureau: “Committee Democrats Urge Our Nation’s Justices to Stand with The 82% of Americans, Including 77% of Republicans Who Want the Agency to Continue Doing its Job.”

| Posted in Press Releases

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…

Ranking Member Maxine Waters Blasts Extreme MAGA Republican Resolution to Overturn Critical Rule to Protect Small Businesses, Root out Discrimination in Lending

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony at Rules Committee in response to Senate Joint Resolution 32, which is a Republican-led resolution aimed at overturning a Consumer Financial Protection Bureau rule to support small businesses by improving transparency and fairness in small business…

Ranking Member Maxine Waters Applauds CFPB’s Proposed Oversight of Digital Wallet and Payment Apps

| Posted in Press Releases
Tags: CFPB

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 proposed rule that would subject digital payments apps to the same supervisory examinations the bureau conducts on banks and credit unions. “I applaud the Consumer Financial Protection Bureau (CFPB) under…

Ranking Member Maxine Waters’ Statement on CFPB’s Proposed Personal Financial Data Rights Rule

| Posted in Press Releases
Tags: CFPB

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) notice of proposed rulemaking entitled, “Personal Financial Data Rights,” which if finalized would implement Section 1033 of the Dodd-Frank Act regarding consumer data rights and market competition. The…

Ranking Member Maxine Waters’ Statement on Senate Vote to Reverse CFPB’s Small Business Lending Data Collection Rule

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Senate’s vote to block the Consumer Financial Protection Bureau’s (CFPB) small business lending data collection rule. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to protecting consumers from a…

Ranking Member Waters Applauds Biden Administration’s Latest Action on Junk Fees, Announces Forthcoming Legislation

| Posted in Press Releases
Tags: CFPB, FTC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Biden Administration’s latest action to crack down on junk fees and bring down costs for American consumers. “I applaud President Biden, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, and Federal Trade Commission (FTC)…

Ranking Member Waters’ Statement Following Oral Arguments in CFPB v. CFSA

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Service Committee released this statement following oral arguments this week in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA), regarding the constitutionality of the agency’s independent funding structure. “As the Solicitor General made clear…

ICYMI – Ranking Member Waters’ Op-ed on the 15th Anniversary of the Financial Crisis and the Importance of the CFPB

| Posted in Press Releases

In a new opinion piece published today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, reflects on the 15th anniversary of the 2008 financial crisis and the lasting impact it had on families everywhere. Specifically, Congresswoman Waters emphasizes the particular importance of the anniversary of this crisis as the Supreme Court gears up to…

Ranking Member Waters Delivers Opening Statement During Full Committee CFPB Hearing: “This Attack on the CFPB is Yet Another Destructive Effort by Republicans to Undermine All Types of Government Programs…”

| Posted in Press Releases

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.” Remarks as prepared for delivery: Good morning, and welcome Director Chopra. I am so pleased that we’re here this…

Waters, Brown Lead 144 Current & Former Members on Amicus Brief Supporting CFPB

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA-43), the top Democrat on the House Financial Services Committee and U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, led 144 current and former Members of Congress, including Democratic Leader Hakeem Jeffries (D-NY), Speaker Emerita Nancy Pelosi (D-CA) and 100 other current and former Members…

Ranking Member Waters Delivers Opening Statement During Full Committee Markup: “If This Committee Really Wanted to Support Small Businesses’ Access to Capital, We Should Be Doing Everything in Our Power to Avoid a Debt Default…”

| Posted in Press Releases

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. Last month our nation’s economy was rocked by two of the largest bank failures in U.S. history – Silicon Valley Bank and Signature Bank. These failures harmed small businesses everywhere. But we are not here…

Ranking Member Waters Applauds CFPB for Finalizing Data Collection Rules, Promoting Fair Lending to Small Businesses

| Posted in Press Releases
Tags: CFPB

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 move to issue a final rule implementing small business loan data collection and reporting requirements under Section 1071 of the Dodd-Frank Act, a provision that Waters drafted in 2010. “I commend Director…

Ranking Members Waters, Velázquez Applaud CFPB’s Final Rule to Implement Small Business Data Collection, Root out Lending Discrimination

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congresswoman Nydia Velázquez (D-NY), the top Democrat on the House Small Business Committee, released this statement following the Consumer Financial Protection Bureau’s move to issue its final rule implementing the small business data requirements of Section 1071 of the Dodd-Frank…

Ranking Member Waters Applauds Second Circuit Ruling Affirming CFPB’s Constitutionality

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Second Circuit Court of Appeals’ ruling that the Consumer Financial Protection Bureau’s (CFPB) funding structure is constitutional.  “The decision by the Second Circuit told us what we already know: the Consumer Financial Protection Bureau…

WATERS, BROWN BLAST HOUSE REPUBLICANS ATTEMPT TO DESTROY CFPB

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after House Republicans released a series of bills that would undermine the Consumer Financial Protection Bureau (CFPB), the only agency dedicated…

Back to top