Legislators Laud Consumer Agency’s Progress on Student Loan Debt Two senior Democratic lawmakers from the House- Congresswoman Maxine Waters (D-Calif.), Ranking Member on the Financial Services Committee, and Congressman George Miller (D-Calif.), the senior Democratic Member on the Education and the Workforce Committee, today released a joint letter to Director Richard Cordray commending… Read more »

Today, Ranking Member Maxine Waters (D-Calif.), joined U.S. Senator Richard Blumenthal (D-Conn.) and Lois Capps (D-Calif.), in sending a letter to eight executive agencies urging them to protect surviving spouses from foreclosure. This segment of the homeowner population – often women in their later years – faces unique circumstances that unfairly deprive them of opportunities to avoid… Read more »

Two senior Democratic lawmakers from the House – U.S. Rep. George Miller (D-Calif.), the senior Democrat on the Education and the Workforce Committee, and U.S. Rep. Maxine Waters (D-Calif.), Ranking Member on the Financial Services Committee – released the following joint statement today after the Consumer Financial Protection Bureau (CFPB) published a report highlighting ways in which… Read more »

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today sent the attached letter to Chairman Jeb Hensarling, responding to his refusal to allow Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), to testify before the Committee.  Mr. Hensarling declared his intention to block Director Cordray in a letter released… Read more »

Ranking Member Waters opening statement at 4-16-2013 Financial Institutions Subcommittee Hearing titled, “Examining Community Bank Regulatory Burdens” I want to thank the witnesses for taking time to come talk to us today. I know it’s still a challenging time for community sized institutions such as yourselves and it can’t be easy to take time away from your businesses. And I want to… Read more »

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, spoke before the U.S. Chamber of Commerce Center for Capital Markets Competitiveness today. Waters’ 30 minute speech outlines policy areas such as regulatory relief for community banks in which she is optimistic about working with the Republican majority on the Committee. However, she made clear… Read more »

  Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee (HFSC), today released the following statement in response to the news that President Barack Obama will nominate Richard Cordray to head the Consumer Financial Protection Bureau (CFPB).  The CFPB was established by the Wall Street Reform and Consumer Protection Act, which was drafted and… Read more »

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, released the following statement today in response to the announcement by the Consumer Financial Protection Bureau of a rule governing actions by mortgage servicers: The rule is a strong first step towards limiting widespread predatory practices by the mortgage servicing industry, which have led to… Read more »