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Waters Urges Regulators to Protect Americans Experiencing Financial Hardship Due to Trump Shutdown

| Posted in Press Releases

On Thursday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote a letter to Federal Reserve Chairman Jerome Powell, Federal Deposit Insurance Corporation Chairman Jelena McWilliams, Consumer Financial Protection Bureau Director Kathy Kraninger, Comptroller of the Currency Joseph Otting, and National Credit Union Administration Chairman Mark…

Waters, Ranking Financial Services Democrats Call On Inspectors General to Hold Trump Administration Accountable

| Posted in Press Releases

Today, top Democrats on the House Financial Services Committee sent a letter to Inspectors General at federal financial services agencies, the Department of Housing and Urban Development, and the Department of Justice, calling on them to root out any potential conflicts of interests in President-elect Donald Trump’s administration. Led by Ranking Member Maxine Waters (D-CA), the letter…

Waters, Committee Democrats Push for Strong ‘Clawback’ Rule After Wells Fargo Scandal

| Posted in Press Releases

In light of more than 2 million fraudulent deposit and credit card account openings at Wells Fargo, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, and 10 Committee Democrats urged financial regulators to strengthen a proposed “clawback” rule regarding when a financial institution must revoke senior executives’ bonuses. In their letter, the…

Waters, Tri-Caucus Announce Diversity Report Next Steps, Responses from Federal Financial Services Regulators

| Posted in Press Releases

In response to a Democratic staff report highlighting shortcomings in personnel diversity policies and practices at seven major financial regulators, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, along with senior members of the panel and members of the Tri-Caucus, released the agencies’ responses to the report’s recommendations for enhancing…

Waters Commends FSOC’s Actions to Prevent Another Crisis

| Posted in Press Releases

During a hearing where members of the Financial Stability Oversight Council, or FSOC, appeared before the full Committee, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the need for a coordinating regulatory body in the wake of the financial crisis and highlighted its work to provide stability to investors, consumers and our national…

Racial Disparities Present at Most Bank Regulators, Democrats Allege

| Posted in In Case You Missed It

The Consumer Financial Protection Bureau is not alone in having racial disparities in its performance reviews, according to a report issued Thursday by the Democrats on the House Financial Services Committee. The report found that all seven bank, credit union and market regulators displayed significant disparities in employee evaluations, particularly among African-Americans who…

*** MEDIA ADVISORY*** Waters, Tri-Caucus to Release Committee Democratic Staff Report on Diversity at Financial Services Agencies

| Posted in Press Releases

On Thursday, November 5, 2015 at 10:00 a.m., Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, will join representatives and chairs of the tri-caucus to unveil a report, highlighting federal financial services agencies’ current compliance with federal diversity provisions, trends in performance review evaluations and workforce diversity throughout…

Waters Comments on NCUA Proposed Capital Rule

| Posted in Press Releases
Tags: NCUA

Following a meeting with National Credit Union Administration (NCUA) Board Chairman Debbie Matz, Congresswoman Member Maxine Waters, Ranking Member of the Financial Services Committee, shared views with NCUA’s proposed risk-based capital rule for federally-insured credit unions.  In a letter to Matz, Waters underscored her support for NCUA’s efforts to revise its capital rules, but…

Waters Supports Regulators Action to Protect Shutdown Victims

| Posted in Press Releases

As many employees prepare to miss their first paycheck as a result of the Federal Government shutdown, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, lauded the action of five federal financial services agencies that today called on financial institutions to work with customers that have been affected.  In a letter to the heads of the…

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