Following the March and April full Committee hearings to hold megabanks accountable, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, sent requests to Bank of America Corporation, Bank of New York Mellon Corporation, Citigroup… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of September: Wednesday, September 4 at 10:00 AM — The Subcommittee on Oversight and Investigations will convene a field hearing entitled, “Examining Discrimination and Other Barriers to Consumer Credit, Homeownership, and Financial… Read more »

Today, the House Financial Services Committee, held a markup of ten bills to reform the broken credit reporting system, increase diversity and inclusion efforts in the financial services sector, improve the homebuying process and preserve the affordability of rural housing. See the legislation below. H.R. 281, the Ensuring Diverse Leadership Act of 2019, a bill that would… Read more »

Today, at a full Committee hearing entitled, “Diversity in the Boardroom: Examining Proposals to Increase the Diversity of America’s Boards,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Today, this Committee convenes for a hearing on the lack of racial, ethnic and gender… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the following updates to the Committee schedule for the month of June. Tuesday, June 11 at 10:00 AM – The Subcommittee on Oversight and Investigations will convene a hearing entitled, “An Examination of State Efforts to Oversee the $1.5 Trillion Student Loan Servicing… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of June: Tuesday, June 4 at 10:00 AM – The full Committee will convene a hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank.” Tuesday, June 4 at 2:00 PM – The Subcommittee on Consumer Protection… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings and a markup: Tuesday, April 30 at 10:00 AM – The full Committee will convene a hearing entitled, “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.” Tuesday, April 30 at 2:00 PM – The Subcommittee on Consumer… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Carolyn Maloney (D-NY), Chairwoman of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, issued the… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, recently delivered the following remarks at the 22nd Annual Rainbow PUSH Wall Street Project Economic Summit, where she addressed issues including the racial wealth gap and the lack of diversity in asset management. As Prepared for Delivery The Rainbow PUSH Wall Street Project’s work to… Read more »

On Wednesday, the House Financial Services Committee’s Subcommittee on Diversity and Inclusion convened its first hearing, entitled “An Overview of Diversity Trends in the Financial Services Industry,” with Daniel Garcia-Diaz, Director, Financial Markets and Community Investment, U.S. Government Accountability Office. During the hearing, Congresswoman Maxine Waters (D-CA), Chairwoman… Read more »

Today, after commencing the first official meeting of the House Financial Services Committee in the 116th Congress, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement. As Prepared for Delivery Today marks the first official meeting of the Committee on Financial Services in the 116th Congress, convened to… Read more »

Following Thursday’s announcement of House Financial Services Subcommittee Chairs, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Subcommittee assignments for the 116th Congress. Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Congresswoman Carolyn B. Maloney (NY-12), Chair Congressman Brad Sherman… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the six Committee Members who will serve as Subcommittee Chairs. Each Subcommittee Chair was chosen through a selection process based on seniority, with the confirmation of all Committee Democrats. “I am pleased to announce the very talented, experienced and diverse new… Read more »

WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Dan Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and… Read more »

Throughout the controversy surrounding the Trump Administration’s suspicious and undisclosed financial dealings and business partnerships, House Financial Services Committee Democrats have remained committed to following the money trail. Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel Kildee (D-MI), Vice Ranking Member of the… Read more »

WASHINGTON - Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, joined Democratic Leader Nancy Pelosi and other House Democratic Committee leaders to highlight House Republicans’ failure to investigate and conduct adequate oversight of the Trump Administration. At the press conference, Ranking Member Waters stressed the urgency behind… Read more »

Today, at a Terrorism and Illicit Finance hearing entitled “Safeguarding the Financial System from Terrorist Financing,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered the following statement: As Prepared for Delivery Thank you, Mr. Chairman. One of the key issues this subcommittee will be looking at is the adequacy of… Read more »

WASHINGTON - In response to reports that ExxonMobil has requested special permission from the U.S. Treasury Department’s Office of Foreign Assets Control to be exempted from U.S. sanctions imposed in response to Russia’s aggression in Ukraine and its violations of international law, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the… Read more »