News List

Waters Statement on Capital One Data Breach

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement on a data breach which exposed account information of over 100 million Capital One customers. “This data breach shows that it’s not just big technology companies and credit reporting agencies like Equifax that are vulnerable to hacking and data breaches – big banks are... Read more »

Waters Calls on Appropriators to Address the Nation’s Homelessness Crisis

| Posted in Press Releases

Following the House passage of a $2.7 trillion budget deal, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to senior Members of the House Committee on Appropriations, applauding their recent bipartisan agreement to lift FY2020 discretionary spending limits and requesting that the additional discretionary funds provided by the agreement be... Read more »

Waters Introduces FHA Foreclosure Prevention Act

| Posted in Press Releases
Tags: FHA

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, introduced legislation that would help prevent foreclosures for borrowers with Federal Housing Administration (FHA) mortgages by strengthening requirements for and increasing oversight of FHA mortgage servicers so that every homebuyer with an FHA mortgage is given a fair chance at avoiding foreclosu... Read more »

Waters on Proposed SunTrust and BB&T Merger: Many Questions Remain

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full Committee hearing entitled, “The Next Megabank? Examining the Proposed Merger of SunTrust and BB&T.” As Prepared for Delivery Good morning. Today we are here for a hearing on the proposed merger between SunTrust and BB&T. Our witnesses today are BB... Read more »

Committee Members Ask Hard-Hitting Questions, Facebook Offers Very Few Answers

| Posted in Press Releases

Yesterday, at a hearing entitled, “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System,” Committee Democrats asked David Marcus, Chief Executive Officer of Calibra, tough questions on Facebook’s proposed cryptocurrency and digital wallet. “Both sides of the aisle came well prepared to ask significant questions,” said Rep. Maxine Wa... Read more »

Waters to Facebook: Today’s Hearing is Only the First Step in Our Oversight and Legislative Process

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full Committee hearing entitled, “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System.” As Prepared for Delivery Today we are here for a hearing on Facebook’s proposed digital currency, ... Read more »

Committee Passes 8 Bills to Protect Consumers and Investors

| Posted in Press Releases

Today, the House Financial Services Committee, held a markup of eight bills to benefit consumers and investors and strengthen disaster relief funding programs. See the Chairwoman’s opening statement here and the legislation below. H.R. 3621, the Student Borrower Credit Improvement Act, a bill that helps private student loan borrowers remove adverse information for certain defaulted or delinquent l... Read more »

Waters’ Opening Statement at Markup

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full committee markup: As Prepared for Delivery Good morning. Today this Committee will mark up eight bills, and I am pleased to say that several of the bills we will take up today have bipartisan support. I am also proud to say that so far this Congres... Read more »

Waters and Sherman Amendment to NDAA Sanctioning Russia for 2018 Election Interference Passes House

| Posted in Press Releases

On Thursday, an amendment to the National Defense Authorization Act for Fiscal Year 2020 offered by Congressman Brad Sherman (D-CA) and cosponsored by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services, passed the U.S. House of Representatives. The Sherman-Waters amendment would prohibit U.S. persons from trading in new Russian sovereign debt within 90 days of enactment... Read more »

Committee Passes Legislation to Reform the Credit Reporting System, Increase Diversity, and Strengthen Housing Protections

| Posted in Press Releases

Today, the House Financial Services Committee, held a markup of ten bills to reform the broken credit reporting system, increase diversity and inclusion efforts in the financial services sector, improve the homebuying process and preserve the affordability of rural housing. See the legislation below. H.R. 281, the Ensuring Diverse Leadership Act of 2019, a bill that would require the Federal Reser... Read more »

Waters Opening Statement at Markup

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full committee markup: As Prepared for Delivery Good morning. Today we will mark up a set of bills on a range of issues, including credit reporting, housing, diversity and inclusion, and investor protection. I have long said that our credit reporting sy... Read more »

Committee Democrats Work to Reform Broken Credit Reporting System

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, will convene a full Committee markup that will include bills introduced by Committee Democrats to make critical reforms to the broken credit reporting system. This markup follows a February hearing entitled, “Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System,” where ... Read more »

Waters Asks Fed Chair: If You Got a Call From the President and He Said I’m Firing You, What Would You Do?

| Posted in Press Releases

Today, during the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, posed a question to Chairman Powell regarding what his response would be if President Trump called him and told him he was fired. See the exchange below. ### Read more »

Waters at Fed Hearing: Federal Reserve Independence is Essential

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell. As Prepared for Delivery Today, this Committee convenes for a hearing on monetary policy and the state of the economy. Chairman Po... Read more »

House Passes Seven Financial Services Bills

| Posted in Press Releases

On Tuesday, the U.S. House of Representatives passed the following bills, offered by House Financial Services Committee Members, and managed on the House floor by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee. H. Res. 456, Emphasizing the Importance of State Regulators, a bipartisan resolution emphasizing the investor protection and education missions of ... Read more »

Committee Democrats Call on Facebook to Halt Cryptocurrency Plans

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congresswoman Carolyn Maloney (D-NY), Chair of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee; Congressman William Lacy Clay (D-MO), Chairman of the Housing, Community Development and Insurance Subcommittee; Congressman Al Green (D-TX), Chairman of the Oversight and Investig... Read more »

House Passes Waters’ Amendments to Support Small Businesses and Protect Investors

| Posted in Press Releases
Tags: Budget

This week, the House of Representatives passed H.R. 3351, the fiscal year 2020 Financial Services and General Government Appropriations bill, which provides $24.6 billion to assist taxpayers, support small businesses and funds a broad range of government agencies including the Department of Treasury and the Consumer Financial Protection Bureau. Congresswoman Maxine Waters (D-CA), Chairwoman of the... Read more »

Committee Passes Legislation to Protect Residents of HUD-Subsidized Housing from Carbon Monoxide

| Posted in Press Releases

Today, the House Financial Services Committee, held a markup of H.R. 1690, the Safe Housing for Families Act of 2019, legislation that protects residents of public housing from carbon monoxide poisoning. This legislation, introduced by Rep. Chuy Garcia (D-IL), would authorize $300 million over three years to fund the installation and maintenance of carbon monoxide detectors in Department of Housin... Read more »

Chairwoman Waters Announces July Hearings

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of July: Wednesday, July 10 at 10:00 AM — The full Committee will convene a hearing entitled, “Monetary Policy and the State of the Economy.” Wednesday, July 10 at 2:00 PM — The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets ... Read more »

Waters Convenes Hearing on Need For Diversity on Federal and Corporate Boards

| Posted in Press Releases

Today, at a full Committee hearing entitled, “Diversity in the Boardroom: Examining Proposals to Increase the Diversity of America’s Boards,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Today, this Committee convenes for a hearing on the lack of racial, ethnic and gender diversity on fed... Read more »

Waters Statement on Facebook’s Cryptocurrency Announcement

| Posted in Press Releases

Today, in response to Facebook’s announcement that it plans to launch a cryptocurrency, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement: “Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data. It has also exposed Americans to malicious and fake accounts from... Read more »

Committee Passes Legislation to Protect Housing Rights, Reform National Flood Insurance Program and Strengthen the Financial System

| Posted in Press Releases

This week, the House Financial Services Committee, held a markup of eight bills to make homeownership more affordable and sustainable, reverse harmful actions Trump Administration appointees have taken at the U.S. Department of Housing and Urban Development (HUD), reauthorize and reform the National Flood Insurance Program (NFIP), and crack down on the illicit use of the financial system. See the ... Read more »

Waters, Velázquez and 63 Democrats Blast CFPB’s HMDA Rollback

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Nydia Velázquez (D-NY) and 63 Democratic Members of Congress sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (Consumer Bureau), demanding that she immediately rescind proposals that would limit critical lending information collected under the Home Mo... Read more »

Waters Opening Statement at Full Committee Markup

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup of eight bills to strengthen housing protections, crack down on illicit finance activities and reform the National Flood Insurance Program. As Prepared for Delivery Today, this Committee convenes for a markup of eight bills. The slate of l... Read more »

Waters Introduces Legislation to Reform NFIP

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R. 3167, the National Flood Insurance Program (NFIP) Reauthorization Act of 2019, legislation to provide a long-term reauthorization to the National Flood Insurance Program and ensure homeowners, businesses, renters, and communities are given the certainty they deserve. The NFIP helps poli... Read more »



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