Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee and 13 Members of the California Congressional Delegation, released the following letter yesterday to Attorney General Eric Holder calling for the U.S. Department of Justice to investigate JPMorgan Chase, the nation’s largest bank, for alleged fraudulent schemes that resulted in $83 million in… Read more »

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, lit up a committee hearing Wednesday by calling for aggressive prosecution of financial institutions involved in the laundering of illegal drug money. The hearing, held by the Oversight and Investigations Subcommittee of the House Committee on Financial Services, focused on the question of whether… Read more »

Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today released a letter to Attorney General Eric Holder commending recent work by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and banking regulators in investigating and prosecuting wrongdoing related to LIBOR manipulation, money laundering and violations of the… Read more »

Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today released the following statement in response to the announcement by the Department of Justice that it has filed a civil suit against Standard & Poor’s Rating Services (S&P): “I want to commend the Justice Department for taking long overdue action to hold S&P accountable for its… Read more »