Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Government Accountability Office (GAO) Comptroller General Eugene Dodaro and U.S. Department of Housing and Urban Development (HUD) Acting Inspector General Stephen M. Begg calling for an investigation into whether HUD is violating statutory requirements to maintain at least one ... Read More »

“The federal government should work for the American public—not for President Trump’s bottom line.” Full letter here Representative Maxine Waters (D-CA), Ranking Member of the House Financial Services Committees, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the U.S. Securities and Exchange Commission (SEC) Acting Chai... 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 markup. Thank you very much, Mr. Chairman. When I was Chair of this Committee, I launched the Congressional effort to create a federal framework around stablecoins. I wanted robust protections, especially in the wake of major crypt... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Representative Stephen F. Lynch (D-MA), the Ranking Member on the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and Representative Emanuel Cleaver, II (D-MO), the Ranking Member on the Subcommittee on Housing and Insurance, sent a letter to the U.S. Department ... Read More »

“Have you conducted any analysis of the number of terrorists, human traffickers, drug cartel leaders, foreign adversaries, or other malign actors and facilitators who will be able to abuse the U.S. financial system to hide their illicit activity, absent enforcement of the Corporate Transparency Act?” “Treasury announced earlier this month that it would refuse to enforce the law and would somehow f... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Following the Money: Tools and Techniques to Combat Fraud.” Thank you, Chairman Davidson and Ranking Member Beatty for convening this hearing on ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the Rules Committee on two Congressional Review Act resolutions: S.J.Res.18, which would increase fees charged by big banks, and S.J.Res.28, which would strip the Consumer Financial Protection Bureau (CFPB) of its authority to oversee payment apps run... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to President Trump’s Executive Order directing the National Park Service to forcibly evict unhoused individuals from encampments located on federally-owned lands in Washington, D.C. “Trump’s latest action to vilify people experiencing homelessness, whi... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following reports that Elon Musk's DOGE has taken over the Securities and Exchanges Commission (SEC). Last month, Congresswoman Waters sent a letter to Acting SEC Chair Mark Uyeda warning of the consequences of DOGE’s takeover of the agency. “While I am deeply disturbed by... Read More »

Today, House Financial Services Committee, Ranking Member Maxine Waters (CA-43) and leaders of the Litigation and Rapid Response Task Force, House Assistant Minority Leader Joe Neguse (CO-02) and House Judiciary Committee, Ranking Member Jamie Raskin (MD-08), issued the following statement after a federal judge blocked efforts to dismantle the Consumer Financial Protection Bureau (CFPB): “House De... Read More »

Today, House Committee on Financial Services Ranking Member Maxine Waters (D-CA), House Committee on Transportation and Infrastructure Ranking Member Rick Larsen (D-WA), House Committee on Appropriations Ranking Member Rosa DeLauro (D-CT), House Committee on Homeland Security Ranking Member Bennie G. Thompson (D-MS) and House Committee on Science, Space and Technology Ranking Member Zoe Lofgren (D... Read More »

In recent weeks, Trump escalated his assault on small businesses by signing an Executive Order to gut the Minority Business Development Agency (MBDA). The MBDA was created to assist businesses owned by people of color — who face the greatest barriers to accessing capital — the resources and opportunities necessary to start and sustain their businesses. Through its nationwide network, the MBDA has ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats in introducing H. Res. 259, a Resolution of Inquiry (ROI) demanding information related to the Trump-Musk’s Administration’s illegal shutdown of the Consumer Financial Protection Bureau. This shutdown followed the Trump Administration's decision to illegally grant Elon Mus... Read More »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and members of the Committee’s Diversity, Equity, and Inclusion Working Group, Representatives Al Green (D-TX), Joyce Beatty (D-OH), Sylvia Garcia (D-TX), Ayanna Pressley (D-MA), and Nikema Williams (D-GA), sent a letter to U.S. Department of Commerce Secretary Howard Lutnick in response to a recent Exe... Read More »

In recent weeks, Trump took his assault on small businesses another step further by signing an Executive Order to gut the Community Development Financial Institutions Fund (CDFI Fund). For 30 years, CDFIs have stepped up to the plate to provide needed support for consumers and small businesses in rural, native, suburban, and urban communities. This Executive Order will have a massive impact, as th... Read More »