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Waters at Financial Technology Task Force Hearing: “We Can All Benefit from Promoting Diversity in Future Fintech Industry Leaders”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Task Force on Financial Technology hearing entitled, “Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned Fintechs.” Thank you so very much, Mr. Lynch. You know, Chair Lynch, this is a most important meeting that we’re having here to...

Waters at Full Committee Hearing on the Long-Term Impacts of the Hot Housing Market: “Congress Must Pass This Committee’s Housing Title of the Build Back Better Act”

| 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, “Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market.” As we celebrate National Homeownership Month, we must recognize that homeownership is the primary driver of wealth for most families in ...

Chairwoman Waters Requests Timeline for Implementation of PAVE Task Force Administrative Appraisal Reforms

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the Property Appraisal and Valuation Equity (PAVE) Task Force asking that the Task Force move quickly to implement its planned administrative actions and provide the Committee with a clear timeline for implementation of each action. “The Task Force’s Action Plan is a critical step forward in ...

Chairwoman Waters Calls on Regulators to Hold Wells Fargo Accountable for Continued Troubling Patterns and Practices of Anti-Consumer Behavior

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to regulators last week, urging them to investigate recent allegations that Wells Fargo denied Black refinancing applicants when interest rates were at their lowest and hosted “mock” interviews with diverse candidates to pad diversity numbers. “I write today to share my profound disappointment a...

Waters Questions Aggressive Rent Hikes, Costly Fees at Hearing on Private Equity and the Single Family Rental Home Market

| Posted in Press Releases

The House Committee on Financial Services, led by Chairwoman Maxine Waters (D-CA), convened for a Subcommittee on Oversight and Investigations hearing yesterday entitled, “Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America’s Neighborhoods.” In October 2021, the Committee sent a longitudinal survey to five of the nation's largest single-family rental companies to inv...

Waters Denounces Supreme Court Decision to Overturn Roe v. Wade and Deprive Women of Economic Security

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, a long champion of women’s rights and equality, released a statement on the Supreme Court’s decision to overturn Roe vs. Wade. “Today is a sad and enraging day in our country. The Supreme Court has overturned Roe v. Wade, which has been the law of the land for decades and provided women, non-binary,...

Waters and Green Complete Investigation of Meme Stock Market Event; Release Report Revealing the Troubling Business Practices and Inadequate Risk Management Leading up to the Trading Frenzy

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, released a Majority staff report entitled, “Game Stopped: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform.” GameS...

Committee on Financial Services Passes 10 Bills to Reduce Housing Costs, Prevent Housing Fires, Support Small Businesses, Stand Up for Consumers and Protect Whistleblowers

| Posted in Press Releases

Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA) passed 10 bills: H.R. 4495, the Downpayment Toward Equity Act is a bill offered by Chairwoman Maxine Waters (D-CA) that would authorize $100 billion for a new HUD grant program to provide financial assistance to first-time, first-generation homebuyers to put towards a downpayment and other upfront costs to purcha...

Waters Delivers Opening Statement at Semiannual Full Committee Hearing with the Federal Reserve: “Republicans Can Talk About the Problems, but They Have Zero Solutions”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the semiannual full Committee hearing entitled, “Monetary Policy and the State of the Economy.” Welcome back, Chair Powell, and congratulations on your confirmation as Chair of the Fed. Since you last came before the Committee, Americans continue to struggle to make e...

Waters Delivers Opening Statement at June Full Committee Markup of Bills to Address Inflation, Reduce Housing Costs, Support Small Businesses, and Put Consumers First

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee markup. Today, this Committee will consider a number of bills to reduce housing costs, save lives, put consumers first, support small businesses and entrepreneurs, and protect whistleblowers. As we mark homeownership month this June, I want to acknowledge ho...

Waters Announces Updates to June Committee Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the schedule for the month of June: POSTPONED - Subcommittee on Consumer Protection and Financial Institutions will convene for a hybrid hearing entitled, “Better, Together: Examining the Unified Proposed Rule to Modernize the Community Reinvestment Act.” RESCHEDUL...

Waters Leads Committee Democrats on House Passage of Historic Racial Equity Bill to Provide Overdue Mortgage Assistance, Lending and New Opportunities to Communities of Color

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the passage of her bill H.R. 2543, The Financial Services Racial Equity, Inclusion, and Economic Justice Act, in the House by a vote of 215-207. Congresswoman Waters, the first woman and African American to chair the Committee on Financial Services, led Committee ...

Waters Statement on Positive COVID Test Result

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after receiving a positive test result for COVID-19. “Yesterday, after learning of a potential exposure at the Summit of the Americas in Los Angeles, I was notified that I tested positive for COVID. I am currently isolating and have no symptoms. I am following all pr...

Waters Announces Update to June Committee 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 schedule for the month of June: POSTPONED - Tuesday, June 14 at 10:00 AM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup. Wednesday, June 22 at 10:00 AM ET: The Subcommittee on Consumer Protection and Financial Institut...

Waters Applauds Release of Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Federal Housing Finance Agency (FHFA) announcing the release of Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Plans. “For so long, homeownership has served as the principal driver of intergenerational wealth in America. However, ...

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