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Waters to Prudential Regulators: We Will Not Tolerate Actions that Threaten the Stability of Our Financial System

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement a full Committee hearing on the safety, soundness and accountability of financial institutions with Rodney Hood, Chairman of the National Credit Union Administration (NCUA); Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation (FDIC); Joseph Otti... Read More »

Waters Applauds Overdue Departure of Blankenstein from CFPB

| Posted in Press Releases

Today, after the overdue announcement that Eric Blankenstein, Policy Associate Director for the Supervision, Enforcement and Fair Lending Division at the Consumer Financial Protection Bureau (Consumer Bureau), will be leaving the agency, Chairwoman Waters issued the following statement: “When Director Kraninger appeared before the Committee in March, I asked her about the past racist writings of t... Read More »

House Passes Four Financial Services Bills Including Waters/McHenry Flood Insurance Extension

| Posted in Press Releases

Today, the U.S. House of Representatives passed four bills that were offered by House Financial Services Committee Members, including H.R. 2578, the National Flood Insurance Program Extension Act of 2019, bipartisan legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Patrick McHenry (R-NC), Ranking Member of the House ... Read More »

Waters, Garcia and 21 Committee Democrats Condemn Carson’s Cruel Proposal to Evict Mixed-Immigration Status Families

| Posted in Press Releases

On Friday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Sylvia Garcia (D-TX), and 21 Committee Democrats sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), demanding that he withdraw his senseless proposal to terminate housing benefits for mixed-immigration status families who rely on HUD’... Read More »

Waters and McHenry Introduce Flood Insurance Extension; Commit to Working on Long-Term Reauthorization

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Committee on Financial Services, announced that they have introduced legislation (H.R. 2578) to extend the National Flood Insurance Program’s (NFIP) authorization to September 30, 2019. The authorization is due to expire on May 31. ... Read More »

Committee Passes Bills to Promote Innovation, Strengthen the Financial System and Protect Consumers, Small Businesses and Investors

| Posted in Press Releases

This week, the House Financial Services Committee, held a markup of five bills and two resolutions to promote responsible innovation through financial technology, crack down on money laundering and illicit finance, protect small businesses and investors, and uphold consumer protections. See the legislation below. HR 1988, the Protect Affordable Mortgages for Veterans Act of 2019, bipartisan legisl... Read More »

Waters Announces Committee Task Forces on Financial Technology and Artificial Intelligence

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the creation of a Task Force on Financial Technology and a Task Force on Artificial Intelligence. “As new technologies emerge and the financial services industry puts those technologies to use, Congress must make sure that responsible innovation is encouraged, and that regulators and the l... Read More »

Waters Announces San Nicolas as Financial Services Committee Vice Chair

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Congressman Michael San Nicolas (D-GU) as Vice Chair of the Committee in the 116th Congress. San Nicolas was elected to serve as Vice Chair by Committee Democrats. “Congressman San Nicolas comes to the Committee with a wealth of experience and expertise in financial services,” said Chairwoman... Read More »

Waters Writes to Prudential Regulators on Proposed SunTrust/BB&T Merger

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve System, and Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation, calling on them to postpone any final decisions on the SunTrust and BB&T merger application until after the Committee has co... Read More »

Waters Opening Statement at Full Committee Markup

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee markup to consider six bills and two resolutions. As Prepared for Delivery Today this Committee convenes for a markup of six bills and resolutions creating two taskforces. As I have said before, under my leadership, it’s a new day and a new way for this ... Read More »

Mnuchin to Return on May 22 to Continue Testimony Before Committee

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the continuation of a full Committee hearing with U.S. Department of the Treasury Secretary Steven Mnuchin entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” The Treasury Secretary will appear before the Committee on Wednesday... Read More »

Waters Statement on the CFPB’s Weak Debt Collection Proposal

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the Consumer Financial Protection Bureau’s (Consumer Bureau’s) proposal to address predatory debt collection practices: “This is yet another example of an anti-consumer action at the Consumer Bureau by a Trump Administration appointee. Last year, the Consumer Bureau re... Read More »

Waters and Engel Demand Overdue Russian Sanctions Report

| Posted in Press Releases

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, and Representative Eliot L. Engel, Chairman of the House Committee on Foreign Affairs, have taken the Trump Administration to task for its failure to produce a report that is now four months past a statutory deadline detailing actions to crack down on human-rights abusers in Russia. In a letter to Secretary of S... Read More »

Waters Demands Answers from Mnuchin on Reported Ransom Demand From North Korean Government

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of Treasury, expressing her concerns about a recent report that the Trump administration accepted, and possibly paid, a “medical bill” or ransom demand from the North Korean government related to American student and hostage Otto Warmbie... Read More »

Waters: Buying A Car Should Be Fair, Transparent and Free of Discrimination

| Posted in Press Releases

Today, at a Subcommittee on Oversight and Investigations hearing entitled, “Examining Discrimination in the Auto Loan and Insurance Industries,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following opening statement. As Prepared for Delivery Thank you, Mr. Chairman. Buying a car is a significant purchase for many Americans and should be a fair... Read More »



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