Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent… Read more »
Today, in response to a decision by the full U.S. Court of Appeals for the District of Colombia Circuit upholding the constitutionality of the structure of the Consumer Financial Protection Bureau (Consumer Bureau), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“Today, the full U.S. Court of Appeals for the… Read more »
This week, the Consumer Financial Protection Bureau announced it will:
Help out predatory payday lenders by reconsidering the sensible and much-needed rule on payday, vehicle title, and certain high-cost installment loans.
Launch a review of all “activities” of the Consumer Bureau by publishing a series of Requests for Information (RFIs) in the Federal Register. RFIs… Read more »
Today, in response to the Consumer Financial Protection Bureau’s announcement that it will reconsider the sensible and much needed rule on payday, vehicle title, and certain high-cost installment loans, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“The Trump Administration has struck again as it continues efforts… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 36 current and former Democratic Members filed an amicus brief with the D.C. Circuit Court of Appeals, arguing that Consumer Financial Protection Bureau Deputy Director Leandra English should serve as Acting Director of the Consumer Bureau until a Director is confirmed by the Senate.
The… Read more »
Today, in response to the introduction of a resolution to use the Congressional Review Act to repeal the Consumer Financial Protection Bureau’s recently issued rule on payday, vehicle title, and certain high-cost installment loans, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“Once again, Republicans are… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement in opposition to S.2155, a bill that would roll back important reforms put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act:
“This bill simply repackages harmful provisions from Chairman Hensarling’s Wrong Choice Act, and it must… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 1699, a bill that would remove important protections for consumers of manufactured housing:
As Prepared for Delivery
Thank you Mr. Chairman. I rise today in opposition to H.R. 1699, which would undermine the Dodd-Frank Wall… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 25 current and former Democratic Members filed an amicus brief today with the D.C. Circuit Court of Appeals, arguing that Consumer Financial Protection Bureau Deputy Director Leandra English should serve as Acting Director of the Consumer Bureau until a Director is confirmed by the… Read more »
Today, in response to President Trump’s attempt to appoint Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“Richard Cordray appointed Leandra English as Deputy Director of the Consumer Bureau to ensure a smooth transition and… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement in response to Consumer Financial Protection Bureau Director Richard Cordray’s announcement that he will step down this month:
“Richard Cordray is a true champion for American consumers. Under his outstanding leadership, the Consumer Bureau has made the… 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:
As Prepared for Delivery
Thank you, Mr. Chairman.
Mr. Chairman, I must admit I’m disappointed that the Committee is moving forward today with marking up a large number of bills that could be… Read more »
In response to President Trump’s signing of a Joint Resolution to repeal the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“By signing the repeal of the Consumer Financial Protection Bureau’s rule banning… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced the Preventing Foreclosures on Seniors Act, a bill to make reforms to the U.S. Department of Housing and Urban Development’s (HUD’s) reverse mortgage program to help prevent unfair foreclosures on seniors. HUD’s Home Equity Conversion Mortgages (HECM) program allows seniors to take… Read more »
Today, in response to Senate passage of a Joint Resolution to repeal the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“Earlier this year, the Consumer Financial Protection Bureau issued an important rule… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on the Consumer Financial Protection Bureau’s final rule on payday, vehicle title, and certain high-cost installment loans:
“I applaud the Consumer Bureau and its Director, Richard Cordray, for taking this important step to finally rein in payday lenders. … 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 »
Today, in response to reports that Wells Fargo forced more than 800,000 car loan borrowers to purchase unnecessary car insurance, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“The constant drip drop of fraudulent activities coming out of Wells Fargo is absolutely outrageous. Wells Fargo has repeatedly preyed… 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 »
Yesterday, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, joined House Minority Leader Nancy Pelosi and Senator Elizabeth Warren to discuss the negative impact on consumers if Republicans overturn the Consumer Financial Protection Bureau’s rule to prohibit forced arbitration. Her remarks are below:
Thank you so very much, Leader Pelosi. I… Read more »
Today, in response to the House passage of H.J. Res 111, a harmful Republican resolution that repeals the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement:
“Forced arbitration benefits large corporations and… Read more »
Today, during floor debate on H.J.Res 111, a Republican Joint Resolution to repeal the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement:
As Prepared for Delivery
H.J.Res 111 is an affront to… Read more »
Today, House Democrats, led by Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, alongside Congressman Tim Walz (D-MN), Ranking Member of the Committee on Veterans' Affairs, and Congressman Denny Heck (D-WA), Financial Services Committee Member, introduced legislation that would protect the financial wellbeing of servicemembers and their families… Read more »
