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... Read More »

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... Read More »

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... Read More »

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, ... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »

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... Read More »