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Chairs Waters and Velázquez Urge Biden Administration to Approve Additional Assistance to Help Puerto Ricans Recover Equitably from Hurricane Fiona

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Following the devastating impact of Hurricane Fiona that has displaced millions of families across Puerto Rico, today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Nydia M. Velázquez (D-NY), Chairwoman of the House Committee on Small Business, sent a letter to President Biden calling on the administration to remain steadfast in its com...

Chairwoman Waters’ Statement on World Bank President’s Comments on Climate Change

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to World Bank President David Malpass’s refusal to accept the scientific consensus that the burning of fossil fuels is dangerously warming the planet: “President Malpass’s refusal to accept the overwhelming scientific consensus that human activity, specifica...

ICYMI: Chairwoman Waters Holds Hearing with CEOs of Nation’s Seven Largest Banks

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” With an ongoing pandemic, rising interest rates and Russia’s invasion of Ukraine, economic conditions for families are worsening. During today’s hearing, Committee Democrats, u...

Waters Joins Vice President Harris, Treasury Secretary Yellen, and Senator Warner to Announce Over $8 Billion in Investments in CDFIs and MDIs Through the Emergency Capital Investment Program

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, joined Vice President Kamala D. Harris, Treasury Secretary Janet L. Yellen, and Senator Mark Warner (D-VA) to announce that the Biden-Harris Administration has made over $8.28 billion of investments through the Emergency Capital Investment Program (ECIP) to benefit community financial institutions, ...

Waters Delivers Opening Statement at Full Committee Hearing with CEOs of America’s Seven Largest Commercial Banks

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” Testifying before us today, we have the CEOs of the seven largest U.S. commercial banks that each serve millions of consumers. As Chairwoman of this...

Waters Delivers Opening Statement at Subcommittee Hearing Reviewing Diversity and Inclusion at America’s Largest Insurance Companies

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Diversity and Inclusion hearing entitled, “A Review of Diversity and Inclusion at America’s Largest Insurance Companies.” Thank you so very much, Chair Beatty. I am proud that we are releasing a third in an unprecedented series of reports examining div...

Waters Delivers Opening Statement at Subcommittee Hearing on the Growth of Alternative Payment Systems

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “Under the Radar: Alternative Payment Systems and the National Security Impacts of Their Growth.” Thank you very much, Chairman Himes, for convening this hearing on the...

Waters and Beatty Release Committee Staff Report Highlighting Diversity Shortcomings at America’s Largest Insurance Companies

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Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, released a Majority staff report entitled, “Diversity and Inclusion: Holding America’s Largest Insurance Companies Accountable.” On Tuesday, September 20, the Subcommittee on Diversity and Inclusion will hold a hearing e...

ICYMI: Barbados Prime Minister, the Honorable Mia Mottley, Delivers Historic Testimony Before the Full Committee on Impacts of De-Risking on the Caribbean

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing this week entitled, “When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.” The hearing kicked off with a historic testimony from Barbados Prime Minister, Mia Amor Mottley, on the harmful effects of de-risking and import...

Chairwoman Waters Introduces Legislation to Strengthen the Community Reinvestment Act, End Modern-Day Redlining

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services introduced H.R. 8833, the “Making Communities Stronger Through the Community Reinvestment Act.” This transformative piece of legislation is a part of Chairwoman Waters’ continuing efforts to root out discrimination in our modern-day banking system and close the racial wealth and homeownership gaps by...

Waters Announces Witnesses for Hearing with Megabank CEOs

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the September 21, 2022, full Committee hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” The hearing witnesses include: Andy Cecere, Chairman, President, and Chief Executive Officer, U.S. Bancorp William Dem...

Waters Delivers Opening Statement at Historic Full Committee Hearing on the Impacts of De-Risking on the Caribbean

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.” I would like to welcome the Prime Minister of Barbados, the Honorable Mia Amor Mottley, to the Financial Services Com...

Waters Announces September Committee Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September: POSTPONED -Thursday, September 8 at 12 p.m. ET: The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a virtual hearing entitled, “Accounting Standards in the 21st Century.” Wednesday, September 14...

Chairwoman Waters’ House Floor Speech on the Inflation Reduction Act: “There Is Not One Nickel, Not One Dime, Not One Dollar, for the Development of Housing in This Bill”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following floor speech on the Inflation Reduction Act: I rise in recognition of the very long and difficult negotiations that have taken place following the Build Back Better Act led by President Biden and the Democrats. I applaud the beneficiaries of the reconciliation bill in what is...

Chairwoman Waters Vows to Hold Equifax Accountable for Repeatedly Harming Consumers

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Following recent news that Equifax sent lenders inaccurate credit scores on millions of consumers, potentially resulting in consumer harm, such as being charged higher interest rates or wrongly having their credit applications denied, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Equifax and a letter to the CEOs of the nation’s largest c...

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