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Waters Calls on Trump Administration to Rescind Rule that Makes It Harder to Prove Discrimination in Housing

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after Ben Carson, Secretary of the Department of Housing and Urban Development announced the department’s final rule on the disparate impact standard under the Fair Housing Act. “The Trump Administration has been relentless in its attacks on the Fair Housing Act, a law... Read More »

Waters Blasts Wells Fargo CEO’s Remarks on Recruiting Diverse Executives

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding Wells Fargo CEO Charles Scharf’s remarks on the recruitment of Black executives. "Charlie Scharf’s comments—spoken to Wells Fargo employees in June and then later memorialized in a memo to them—are sadly familiar to Black people who work in the financial service... Read More »

House Passes Ten Bipartisan Financial Services Bills

| Posted in Press Releases

This week, the U.S. House of Representatives passed ten financial services bills, including legislation to support diversity in community banking, protect investors and consumer from pandemic-related fraud, combat trafficking, and promote more flexible CARES Act funding. The bills passed include: The Ensuring Diversity in Community Banking Act (H.R. 5322) a bill by Representative Gregory Meeks (D-... Read More »

Waters at Oversight Hearing on Pandemic Response: The Trump Administration Has Utterly Failed in Its Economic Response to This Virus

| 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 hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” Welcome back, Chair Powell and Secretary Mnuchin. Since you last testified before this Committee in June, the coronavirus crisis has continued to have a c... Read More »

Chairwoman Waters Announces Update to September Hearing Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the hearing schedule for the month of September: POSTPONED – The Subcommittee on National Security, International Development, and Monetary Policy hybrid hearing entitled, “An Examination of the Administration’s Implementation of Statutory Reforms to the Committee o... Read More »

Waters Statement on the Federal Housing Finance Agency’s Inadequate Response to the COVID-19 Pandemic

| 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 hearing entitled, “Prioritizing Fannie’s and Freddie’s Capital over America’s Homeowners and Renters? A Review of the Federal Housing Finance Agency’s Response to the COVID-19 Pandemic.” Today, this Committee convenes for a hearing to conduct oversigh... Read More »

Waters, Maloney, and Beatty Statement on Release of GAO Report They Requested Examining Diversity and Inclusion at Fannie Mae and Freddie Mac

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, issued the following statements on a new Government Accountability Office (GA... Read More »

Waters Statement on Announcement of New Citigroup CEO

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement in response to Citigroup’s announcement of a new chief executive officer. “Earlier this year, I and Congresswoman Beatty, Chairwoman of the Financial Services Committee’s historic Subcommittee on Diversity and Inclusion which I created, released a report on the diversity... Read More »

Waters Delivers Statement on Need to Save Our States as Trump and Senate Republicans Fail to Act

| 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 hearing entitled “The Need for Financial Aid to America’s States and Territories During the Pandemic: Supporting First Responders, Assisting Schools in Their Efforts to Safely Educate, and Preventing Mass Layoffs.” As Prepared For Delivery The coronaviru... Read More »

Waters: Trump Action Introduces Potential Criminal Penalties for Millions of Renters on Brink of Eviction

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement in response to the Trump Administration’s announcement regarding a temporary halt on some residential evictions. “Instead of working with Democrats to pass the Heroes Act, the Trump Administration has resorted to threatening criminal penalties and even imprisonment for r... Read More »

Chairwoman Waters Announces September Hearing Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual and hybrid hearings for the month of September: September 8 at 12:00 PM – The Subcommittee on Diversity and Inclusion will convene for a virtual hearing entitled, “Holding Financial Regulators Accountable for Diversity and Inclusion: Perspectives from the Offices of M... Read More »

Waters Slams Carson's So-Called Eviction Moratorium Which Does Not Protect Renters from Eviction

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement in response to a foreclosure and eviction moratorium extension announced by Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD). “Once again, the Trump administration has failed to provide the necessary help to renters in the middle of this... Read More »

Waters Calls on FHFA to Scrap Unnecessary Refinance Penalty

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Financial Services Committee, issued the following statement following the Federal Housing Finance Agency’s (FHFA) announcement that it would delay its recently announced adverse market fee for refinance mortgages: “Just two weeks ago, Director Calabria approved an outrageous penalty, in the middle of a pandemic and an economic recession... Read More »

Waters and Clay Slam New Adverse Market Fee That Could Cost Homeowners Thousands of Additional Dollars

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development and Insurance, issued the following statement after Fannie Mae and Freddie Mac (The Enterprises) announced that refinance mortgage loans sold to them after September 1 will include a new adverse-market... Read More »

GAO Study Requested by Waters Confirms Homelessness Much Worse Than Previously Reported

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after the U.S. Government Accountability Office (GAO) released a report entitled, “Homelessness: Better HUD Oversight of Data Collection Could Improve Estimates of Homeless Population,” following Waters’ 2018 request for a comprehensive study on the state of homelessne... Read More »



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