Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee released a statement on the Board of Governors of the Federal Reserve System’s (Federal Reserve) discussion paper regarding a potential U.S. central bank digital currency (CBDC). “As a growing number of Americans and businesses engage with or invest in digital assets such as stablecoins and other crypto... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of January: POSTPONED - January 20 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 Homeles... Read More »

This week, the U.S. House of Representatives passed two bipartisan House Financial Services Committee bills. The Ghost Army Congressional Gold Medal Act (S. 1404), a bill by Senator Edward Markey (D-MA). This bill provides for the award of a Congressional Gold Medal to the 23rd Headquarters Special Troops and the 3133rd Signal Services Company, known collectively as the Ghost Army, in recognition ... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Mark Warner (D-VA) sent a letter to Federal Reserve Chair Jerome Powell to urge the Federal Reserve to provide guidance as soon as possible to Subchapter S and Mutual bank Emergency Capital Investment Program (ECIP) recipients on concerns they raised. Chairwoman Waters led the effort in Con... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the multistate settlement reached with Navient, one of the largest student loan servicers in the country, related to allegations of predatory lending and unfair student loan servicing practices that harmed borrowers nationwide: “Last week, thousands of... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement regarding the launch of the largest mortgage relief program in the country, the California Mortgage Relief Program, which will help tens of thousands of California homeowners avoid foreclosure. Chairwoman Waters and the Committee on Financial Services worked tirelessly to secure $10 billi... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement applauding President Biden’s nomination of Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson to key leadership roles within the Federal Reserve. “I am pleased that President Biden has decided to nominate Sarah Bloom Raskin to be Vice Chair for Supervision of the Board of Governor... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and several Democratic Members of the Committee, including Congressman Emanuel Cleaver (D-MO), Congressman Ritchie Torres (D-NY), Congresswoman Alexandria Ocasio-Cortez (D-NY) and Congresswoman Madeleine Dean (D-PA), sent letters to Marcia Fudge, Secretary of the United States Department of Housing ... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the Fiscal Year 2022 National Defense Authorization Act (NDAA) — legislation that authorizes the federal government to spend money on the nation’s defense. The law includes several priorities of Democratic Members of the Financial Se... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the distribution of the new U.S. quarter featuring award-winning author, poet and activist, Maya Angelou: “For so long, Black women who have shaped American history and forced this country to live up to the values enshrined in the Constitution have bee... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of January: RESCHEDULED - January 19 at 10:00 AM ET: The Subcommittee on Oversight and Investigations will convene for a virtual hearing entitled, “Ensuring Equitable Delivery of Disaster Benefits to Vulnerable Communities and Peoples: An ... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Jelena McWilliams, Chairman of the FDIC, urging the FDIC Chairman to cite the legal authority she’s relying on in her attempt to block the FDIC Board Majority from seeking the public’s input on strengthening the bank merger review process. The letter also urges the FDIC Chairman to rec... Read More »

day, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to Securities and Exchange Commission’s (SEC) December 15, 2021 rule proposals. “I am pleased that the SEC has proposed rules that incorporate recommendations from my bill, the “Promoting Transparent Standards for Corporate Insiders Act,” which passed the H... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Office of the Comptroller of the Currency’s (OCC) releasing principles on climate-related financial risk, and the Financial Stability Oversight Council (FSOC) establishing a Climate-related Financial Risk Committee within FSOC: “Last year, I called... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the Federal Deposit Insurance Corporation (FDIC) Chairman’s efforts to block a majority of the FDIC Board from updating bank merger review processes that would protect working families across this country from being denied access to capital and banking services. “... Read More »