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 »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement congratulating Alanna McCargo on her confirmation as President of the Government National Mortgage Association (Ginnie Mae) this week. “I would like to congratulate Alanna McCargo and the Biden Administration on this week’s Senate confirmation of Ms. McCargo as President of the Gov... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement applauding President Biden’s announcement to nominate Acting Director Sandra L. Thompson to continue her leadership of the Federal Housing Finance Agency (FHFA). “I am pleased that President Biden has nominated Ms. Sandra L. Thompson as Director of the Federal Housing Finance Agency (FHFA... Read More »

Today, following recent news from the Chair of the Board of Governors of the Federal Reserve System (Fed) and the Federal Deposit Insurance Corporation (FDIC) Board that they are conducting reviews to update their bank merger and acquisition (M&A) approval procedures, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Jerome Powell, Chair of ... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Diversity and Inclusion hybrid hearing entitled, “A Review of Diversity and Inclusion Performance at America’s Largest Investment Firms.” Thank you so very much, Chair Beatty. I am proud that your efforts have culminated in yet another groundbreaking report... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.” Today’s hearing is part of this Committee’s ongoing review of digital assets. Earlier this year, I cr... Read More »