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  • Waters Statement on Senate Resolution to Block the Trump Administration’s Actions to Ease Sanctions on Companies Tied to Russian Oligarch
    Posted in Press Releases on January 14, 2019 | Preview rr
    Tags: Department of the Treasury, International

    Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the U.S. Treasury Department’s decision in December to remove sanctions on three Russian companies connected to Russian oligarch Oleg Deripaska: “I am very concerned about the Treasury Department’s actions to lift sanctions on businesses connected to Oleg Deripaska. Deripaska is a Russian oligarch with close ties to Vladimir Putin, who also has a history with... Read more

  • Waters Urges Regulators to Protect Americans Experiencing Financial Hardship Due to Trump Shutdown
    Posted in Press Releases on January 11, 2019 | Preview rr
    Tags: CFPB, Federal Reserve, OCC, FDIC, NCUA, Budget

    On Thursday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote a letter to Federal Reserve Chairman Jerome Powell, Federal Deposit Insurance Corporation Chairman Jelena McWilliams, Consumer Financial Protection Bureau Director Kathy Kraninger, Comptroller of the Currency Joseph Otting, and National Credit Union Administration Chairman Mark McWatters, urging the regulators to consider the needs of consumers who may be experiencing temporary financi... Read more

  • Waters Statement on the Trump Shutdown’s Impact on Housing in this Country
    Posted in Press Releases on January 10, 2019 | Preview rr
    Tags: FHA, HUD, Budget

    Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement on the impact of the Trump shutdown on the Department of Housing and Urban Development (HUD), the agency that is responsible for expanding housing opportunities and providing safe, decent, and affordable housing for millions of families across the country: “Today marks the 20th day of the second longest government shutdown in U.S. history. It is shameful that President Tr... Read more

  • Waters: Trump Shutdown is Jeopardizing Integrity of our Financial Markets
    Posted in Press Releases on January 9, 2019 | Preview rr
    Tags: SEC, Budget

    Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee of Financial Services, made the following floor statement in support of H.R. 264, the Financial Services and General Government Appropriations Act of 2019, which would restore funding for federal government agencies to continue their important work on behalf of the American public: Thank you very much Mr. Speaker and Members. I look forward to working with my colleagues on the opposite side of the aisle, but today, I ri... Read more

  • House Chairs Demand Answers On Sanctions Relief For Russian Oligarch
    Posted in Press Releases on January 8, 2019 | Preview rr
    Tags: Department of the Treasury, International

    The chairs of seven committees in the House of Representatives today are calling on the Trump Administration to explain the easing of sanctions on businesses tied to Russian oligarch Oleg Deripaska. In response to a December 19, 2018 notification that the Treasury Department intends to terminate sanctions against three companies tied to Deripaska, the lawmakers wrote Secretary of the Treasury Steven Mnuchin requesting a briefing for Members of Congress and a postponement of the sanctions termina... Read more

  • Waters Statement on FEMA’s Decision Not to Issue or Renew Flood Insurance Policies During Government Shutdown
    Posted in Press Releases on December 27, 2018 | Preview rr
    Tags: Flood Insurance

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement in response to the Federal Emergency Management Agency’s (FEMA) decision not to issue or renew flood insurance policies during the government shutdown: “Last week, I worked with Democrats and Republicans to pass bipartisan legislation, which was signed into law, to keep the National Flood Insurance Program's (NFIP) doors open because of its critical importance to... Read more

  • Waters Statement on Trump and Mnuchin’s Recent Actions
    Posted in Press Releases on December 24, 2018 | Preview rr
    Tags: Department of the Treasury

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement in response to the recent actions and statements of President Trump and Treasury Secretary Mnuchin: “The financial markets need certainty, and a Federal Reserve that can independently set monetary policy. The recent actions of the President and the Treasury Secretary, however, have been erratic and are creating uncertainty and instability in the markets. It would b... Read more

  • Waters Chosen by House Democrats to Be First Woman and African American to Chair Financial Services Committee
    Posted in Press Releases on December 21, 2018 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB

    Today, Congresswoman Maxine Waters (D-CA) released the following statement after being approved by the Democratic Caucus to serve as the first woman and the first African American Chair of the House Financial Services Committee: “I am honored to have been selected by my colleagues to be the first Chairwoman of the House Financial Services Committee in the 116th Congress. Since 1995, I have served as Ranking Member or Chairwoman of every Subcommittee under the Committee’s jurisdiction, taking on ... Read more

  • Committee Democrats Stand Up for DACA Recipients Seeking Access to Homeownership
    Posted in Press Releases on December 21, 2018 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 15 Committee Democrats sent a letter to Brian Montgomery, Assistant Secretary for Housing–Federal Housing Commissioner of the U.S. Department of Housing and Urban Development (HUD), expressing concerns about the lack of transparency at HUD regarding the reported denial of access to FHA-insured loans for recipients of the Deferred Action for Childhood Arrivals (DACA) program. In the letter,... Read more

  • Waters Puts Mulvaney on Notice
    Posted in Press Releases on December 20, 2018 | Preview rr
    Tags: CFPB

    WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, sent a letter to Office of Management and Budget Director Mick Mulvaney, informing him that she expects his full and complete cooperation with the Committee’s oversight of the Consumer Financial Protection Bureau’s actions during his tenure at the agency, and that he may be called before the Committee to testify on the matter. “I am writing to inform you that while your tim... Read more

  • Waters Statement at Hearing on National Debt
    Posted in Press Releases on December 20, 2018 | Preview rr
    Tags: Full Committee, Budget

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “The Peril of an Ignored National Debt.” As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, since this hearing is about attention to the national debt, I think it is important for the public to understand that the Republican tax scam, pushed through by Congressional Republicans and Donald Trump during this Congress... Read more

  • Waters, Heck and 21 Committee Democrats Call on CFPB Director to Resume Protection of Military Servicemembers
    Posted in Press Releases on December 14, 2018 | Preview rr
    Tags: CFPB

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Congressman Denny Heck (D-WA) and 21 Committee Democrats sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (Consumer Bureau), urging her to recommit the Consumer Bureau to fulfilling its supervisory role over consumer protection laws, including the Military Lending Act. The Military Lending Act, which became law with bipartisan support in 2006, provides cri... Read more

  • Waters Statement on the CFPB’s Weak Settlement with State Farm Bank
    Posted in Press Releases on December 13, 2018 | Preview rr
    Tags: CFPB

    Following the announcement that the Consumer Financial Protection Bureau (Consumer Bureau) settled with State Farm Bank, FSB, over the misuse of consumer credit information without imposing a civil penalty, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “To cap off his harmful tenure at the Consumer Bureau, Mick Mulvaney has chosen to once again turn a blind eye to predatory behavior. “I am deeply troubled by the Con... Read more

  • Waters Statement at Hearing on International Financial Institutions
    Posted in Press Releases on December 12, 2018 | Preview rr
    Tags: Subcommittee on Monetary Policy & Trade, International

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a subcommittee hearing on the effectiveness of international financial institutions with David Malpass, Under Secretary for International Affairs, U.S. Department of the Treasury. As Prepared for Delivery Thank you very much. I’d like to thank Under Secretary Malpass for coming before our Committee again to discuss the role of the United States in ensuring the e... Read more

  • Waters Statement on FOIA Release Revealing Unpublished Consumer Bureau Analysis on Bank Fees Charged to Students
    Posted in Press Releases on December 12, 2018 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB

    Today, in response to a Freedom of Information Act (FOIA) disclosure revealing a previously unreleased Consumer Financial Protection Bureau (Consumer Bureau) analysis on excessive account fees charged to students by large banks, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “It is deeply troubling that a previously unpublished Consumer Bureau analysis showing that some large banks, including Wells Fargo, charged excessive... Read more

  • Waters Statement on Proposal to Weaken Enforcement at the Consumer Bureau
    Posted in Press Releases on December 11, 2018 | Preview rr
    Tags: CFPB

    Today, following a Consumer Financial Protection Bureau (Consumer Bureau) proposal to weaken its “no-action letter” policy and reduce enforcement, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “I am very concerned by the Consumer Bureau proposal, issued in the last days of Mick Mulvaney’s leadership, to significantly loosen its “no-action letter” policy in a way that could let bad actors that abuse consumers off the hook ... Read more

  • Waters Statement on her Nomination as Financial Services Committee Chairwoman by Democratic Steering and Policy Committee
    Posted in Press Releases on December 10, 2018 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB

    Following her historic nomination by the House Democratic Steering and Policy Committee as the first woman and African American to chair the House Committee on Financial Services, Congresswoman Maxine Waters (D-CA), issued the following statement: “I am honored to have been nominated by the Democratic Steering and Policy Committee to serve as Chairwoman of the House Financial Services Committee in the 116th Congress. “I am committed to creating opportunities, ensuring fairness, and protecting th... Read more

  • Waters, Heck and 21 Committee Democrats Call on CFPB Director to Resume Protection of Military Servicemembers
    Posted in Press Releases on December 7, 2018 | Preview rr
    Tags: CFPB, HUD

    WASHINGTON, D.C. -Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Congressman Denny Heck and 21 Committee Democrats sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (Consumer Bureau), urging her to recommit the Consumer Bureau to fulfilling its supervisory role over consumer protection laws, including the Military Lending Act. The Military Lending Act, which became law with bipartisan support in 2006, p... Read more

  • Waters Statement on the Confirmation of Kathy Kraninger to Head the CFPB
    Posted in Press Releases on December 6, 2018 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB

    Following the U.S. Senate confirmation of OMB Associate Director Kathy Kraninger to serve as Director of the Consumer Financial Protection Bureau (Consumer Bureau), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “The Consumer Financial Protection Bureau was specifically designed by Congress to be an independent watchdog for America’s consumers and I am committed to ensuring its statutorily mandated mission is not undermi... Read more

  • Waters Statement on Short-Term Extension of National Flood Insurance Program
    Posted in Press Releases on November 30, 2018 | Preview rr
    Tags: Flood Insurance, House Floor

    On Thursday, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following floor statement in support of a short-term National Flood Insurance Program (NFIP) extension and continued her call for a long-term reauthorization to provide homeowners, businesses, renters, and communities with the certainty they deserve. It is disappointing that we find ourselves on the House floor, yet again, to temporarily extend the National Flood Insurance Progr... Read more

  • Waters Statement at Hearing with Vice Chairman for Supervision of the Federal Reserve
    Posted in Press Releases on November 14, 2018 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, Federal Reserve

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full Committee hearing on the Federal Reserve’s supervision and regulation of the financial system with Randal Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve System. As Prepared for Delivery Mr. Chairman, this is the first hearing since the 2018 midterm election, in which voters gave Democrats a majority in the U.S. House of Repres... Read more

  • Waters Statement on the 2018 Midterm Election Results
    Posted in Press Releases on November 7, 2018 | Preview rr
    Tags: Full Committee

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement in response to the 2018 midterm election results, which will give Democrats the majority in the U.S. House of Representatives next Congress: “With a Democratic majority in the House, and a mandate from the American public, the Financial Services Committee will get to work making sure the financial system is fair for all Americans. As the senior Democrat on the Financial... Read more

  • Waters, Scott, Walz and Takano Call on Education Department to Reverse Changes to College Scorecard
    Posted in Press Releases on October 29, 2018 | Preview rr

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services; Congressman Bobby Scott (D-VA), Ranking Member of the House Committee on Education and the Workforce; Congressman Tim Walz (D-MN), Ranking Member of the House Committee on Veterans’ Affairs; and Congressman Mark Takano (D-CA), Vice Ranking Member of the House Committee on Veterans’ Affairs, sent a letter to Secretary Betsy DeVos calling on the Department of Education to reverse its changes to ... Read more

  • Waters Introduces Legislation to Put Consumers First
    Posted in Press Releases on October 2, 2018 | Preview rr
    Tags: CFPB

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, announced the introduction of H.R. 6972, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their efforts, led by Mick Mulvaney, Director of the Office of Management and Budget, to dismantle the Consumer Financial Protection Bureau. This legislation is co-sponsored by Rep. Carolyn Maloney (D-NY), Rep. William Lacy Clay (D-MO), Rep. Al Green (D-... Read more

  • Waters Leads Call for Committee to Investigate Failures to Protect Student Loan Borrowers at the CFPB
    Posted in Press Releases on October 1, 2018 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services and 12 Members of Congress, sent a letter to Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, urging him to use the full range of the Committee’s oversight authorities to conduct a formal investigation into allegations raised by Seth Frotman, former Assistant Director and Student Loan Ombudsman at the Consumer Financial Protection Bureau. In an August 2018 ... Read more



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