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, “Oversight of Prudential Regulators.”
Thank you very much Mr. Chairman.
Vice Chair Barr, Chair Grueneberg, Chair Harper and Acting Comptroller Hsu, I want to thank each of you and all of your… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Federal Reserve’s latest decision to cut interest rates by 50 basis points.
“I applaud the Federal Reserve for making the necessary decision to cut interest rates by 50 basis points. When the Federal Reserve made the decision to start hiking… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following remarks at an all-day virtual meeting convened by the Federal Reserve and the Office of the Comptroller of the Currency (OCC). This meeting allowed members of the public to share their views on the proposed merger of Capital One and Discover.
Thank you very… Read more »
This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, spoke with Federal Reserve Chair Jerome H. Powell during a full Committee hearing. During the hearing, Congresswoman Waters highlighted the booming economy and discussed several critical economic issues with the Chairman:
Strong Economy: Congresswoman Waters… 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, “The Federal Reserve’s Semi-Annual Monetary Policy Report.”
Thank you very much, Mr. Chairman. Welcome back to the Honorable Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 5403, the “CDBC Anti-Surveillance State Act,” which would prohibit the issuance of a central bank digital currency and prohibit the Federal Reserve from holding bank reserves that are critical to operating payment systems and combatting… Read more »
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… 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, “Oversight of Prudential Regulators.”
Thank you very much Mr. Chairman. Good morning. I’d like to thank our witnesses from the Federal Reserve, the FDIC and the OCC for coming before the Committee… 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, “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.”
Thank you very much Mr. Chairman. Good morning. Last week, we marked the one-year… 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, “The Federal Reserve’s Semi-Annual Monetary Policy Report.”
Thank you very much Mr. Chairman. Good morning, everyone. Welcome back Chair Powell. While I am pleased by the progress the Fed and the Biden… Read more »
Following Capital One’s recent announcement that they plan to purchase Discover, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 15 House Democrats in a letter urging the U.S. Department of Justice and our nation’s banking regulators, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Capital One Financial Corporation is proposing to purchase Discover Financial Services for $35 billion.
“I am deeply opposed to Capital One’s announced acquisition of Discover. This merger, which involves two of the country’s largest banks… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, leads 41 House Democrats in sending a letter to our nation’s banking regulators — specifically the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency — urging regulators to move quickly to finalize… Read more »
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, “Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending.”
Thank you very much. It has been nearly a year since we faced the sudden… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Fed), the Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) have each responded to her request for information… 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, “Oversight of Prudential Regulators.”
Good morning and thank you Mr. Chairman for holding this hearing, continuing the tradition that Democrats started in holding semi-annual hearings to provide… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee on Financial Institutions and Monetary Policy hearing entitled, “A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences.”
Here we go again. Instead of marking up sensible bills that have bipartisan… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee hearing on Financial Institutions entitled, “Implementing Basel III: What’s the Fed’s Endgame?"
We certainly did receive a wake-up call this Spring with the failures of Silicon Valley Bank, Signature Bank, and First… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Senate’s confirmation of Federal Reserve Governor Lisa Cook to continue serving on the Board of Governors of the Federal Reserve System (Fed) for a full term, Dr. Adriana Kugler to serve on the Fed’s Board of Governors, and Governor Phillip Jefferson… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Financial Crimes Enforcement Network, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the United States Department of the… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the U.S. Federal Reserve’s launch of its “FedNow” service, which is a new service that allows banks and credit unions to sign up to facilitate instant payments so they can offer customers a much quicker way to send and receive money.
“I applaud the Federal… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Elizabeth Warren (D-MA), announced they reintroduced the Federal Reserve Racial and Economic Equity Act, legislation that would require the Federal Reserve to use its existing authorities to close racial employment and wage gaps and report on how the gaps change over time.… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report.”
Chairman Powell, welcome back.
First, I’d like to start by acknowledging that the Federal Reserve made the right decision to pause interest… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Biden’s nominations to the Board of Governors of the Federal Reserve System:
“I applaud the Biden Administration for its recent nominations to the Federal Reserve Board of Governors. If confirmed, these nominees will go a long way in… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “The Federal Regulators' Response to Recent Bank Failures.”
Good morning. I’d like to thank Chairman McHenry for working with me in a bipartisan way on investigating the failures of Silicon Valley Bank and… Read more »
