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Subcommittee on Financial Institutions and Monetary Policy

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.”

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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 Financial Institutions Subcommittee Hearing: “I Support Efforts by Biden’s Regulators to Encourage the Use of the Fed’s Discount Window by Banks that Need Liquidity.”

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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…

Ranking Member Waters Delivers Opening Statement During Subcommittee Hearing on Financial Regulation: “We are 10 Days Away from A Costly Government Shutdown, and Instead of Working with Democrats...Republicans Are Advancing Funding Bills That Slash Critical Funding and Undermine Agencies.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Subcommittee on Financial Institutions and Monetary Policy hearing entitled, “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation.” We are 10 days away from a…

Ranking Member Waters Delivers Opening Statement at Subcommittee Hearing: “…Republicans Are Focusing Exclusively On How Proposed Changes From Regulators Will Impact Wall Street, NOT Consumers…”

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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…

Ranking Member Waters Delivers Opening Statement at Subcommittee Hearing on Increased Capital Requirements

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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…

Ranking Member Waters Announces Democratic Subcommittee Vice Ranking Members for 118th Congress

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected to be Vice Ranking Members for the 118th Congress: Congresswoman Sylvia Garcia, Texas – Vice Ranking Member of the Full Committee Congressman Sean Casten, Illinois – Vice Ranking Member of the…

Waters Releases Report Celebrating Four Years of Historic Committee Achievements

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently…

Waters Announces December Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of December: Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, “Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation.” …

ICYMI: Chairwoman Waters Joins DC Fintech Week to Discuss Leadership in Financial Technology Space, Promoting Financial Inclusion

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, joined Professor Chris Brummer, Professor at Georgetown University Law Center and founder of DC Fintech Week, at his annual DC Fintech Week to discuss financial technology and the future of finance. Since assuming the Chair in 2019, Chairwoman Waters and the Committee have been leading the…

Waters Announces July Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of July:   Wednesday, July 13 at 10 AM ET: The Subcommittee on Consumer Protection and Financial Institutions will convene for a hybrid hearing entitled, “Better Together: Examining the Unified Proposed Rule to Modernize the…

Waters Announces June Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of June:  Tuesday, June 14 at 10:00 AM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup.  Wednesday, June 22 at 10:00 AM ET: The Subcommittee on Consumer Protection and…

Waters Delivers Opening Statement at Subcommittee Hearing Examining the Movement to End Overdraft Fees

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions hybrid hearing entitled, “The End of Overdraft Fees? Examining the Movement to Eliminate the Fees Costing Consumers Billions.”  Thank you so very much, Chair Perlmutter. For far too long,…

Waters Announces Updates to March Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule updates for the month of March:  March 29 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Devalued, Denied, and Disrespected: How Home Appraisal Bias and Discrimination Are Hurting Homeowners and…

Waters Announces Updates to March Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule updates for the month of March:  NEW - March 29 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Devalued, Denied, and Disrespected: How Home Appraisal Bias and Discrimination Are Hurting Homeowners and…

Waters, Casten and Vargas Applaud SEC’s Approval of Proposed Rule on Climate

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Representatives Sean Casten (D-IL) and Juan Vargas (D-CA) announced that the Securities and Exchange Commission (SEC) approved a proposed rule requiring climate-related disclosures by public companies. The proposed rule that the SEC released today responds to significant demand from retail…

Waters Announces March Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of March:  March 2 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Monetary Policy and the State of the Economy.” March 8 at 10:00 AM ET: The full Committee will convene for a…

Waters Releases Report on Committee’s 117th Congress Accomplishments

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Following the successful conclusion of their annual retreat, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report on the Committee’s work during the first session of the 117th Congress. During a time of crisis, the Committee continued to work tirelessly to provide relief and protections to individuals, families, and small businesses…

Waters Delivers Opening Statement at Subcommittee Hearing on Ensuring that Small and Minority-Owned Businesses Share in the Economic Recovery

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “Small Businesses, Big Impact: Ensuring Small and Minority-Owned Businesses Share in the Economic Recovery.” Thank you very much, Chair Perlmutter, for holding this…

Waters Announces February Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of February: February 2 at 10:00 AM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Housing America: Addressing Challenges in Serving People Experiencing Homelessness.”…

Waters Opening Statement at Hearing on Fighting Cybersecurity Threats in the Financial System

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “Cyber Threats, Consumer Data, and the Financial System.” Thank you very much, Chair Perlmutter, for holding this important hearing on cybersecurity. Financial…

Waters Announces November Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of November: November 2 at 10:00 AM ET: The Task Force on Financial Technology will convene for a hybrid hearing entitled, “Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging Fintech Cash Flow…

Waters Announces Updates to September Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September: September 21 at 10:00 AM ET: The Task Force on Financial Technology will convene for a hybrid hearing entitled, “Preserving the Right of Consumers to Access Personal Financial Data.” POSTPONED: The…

Waters Announces September Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September: September 10 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled: “Protecting Renters During the Pandemic: Reviewing Reforms to Expedite Emergency Rental Assistance.” September…

Waters on Expanding Access to the Financial System: Having Access to a Bank Account Is Fundamental to Financial Security

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions hybrid hearing entitled, “Banking the Unbanked: Exploring Private and Public Efforts to Expand Access to the Financial System.”  Thank you, Chair Perlmutter.  I am pleased that…

Waters on Climate Change as a Systemic Risk: We Have Witnessed How Climate Change Can Disrupt Our Financial System

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions hybrid hearing entitled, “Addressing Climate as a Systemic Risk: The Need to Build Resilience within Our Banking and Financial Institutions.”  Thank you, Chair Perlmutter. Over the past…

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