Press Releases

Committee Democrats Request Information on the Role of Alternative Data in Expanding Access to Credit

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Tags: GAO

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, Congressman Bill Foster (D-IL), Chair of the Task Force on Artificial Intelligence, Congressman Stephen Lynch (D-MA), Chair of the Task Force on Financial Technology, and Congressman Josh Gottheimer (D-NJ), sent a l... Read more »

Waters Opens Investigation of Potential Astroturfing Efforts to Influence OCC and FDIC Community Reinvestment Act Rulemaking; Demands Agencies Explain Efforts to Ensure Legitimacy of Proposed CRA Rule

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Tags: OCC, FDIC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent letters to Joseph Otting, Comptroller of the Currency, and Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation (FDIC), requesting information on the regulators’ systems and policies for receiving and reviewing comments during the Community Reinvestment Act (CRA) rulemaking pro... Read more »

At First Hearing of 2020, Waters Continues to Prioritize Affordable Housing and Homelessness Crisis

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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, “On the brink of homelessness: How the affordable housing crisis leaves families vulnerable.” As Prepared for Delivery Good morning. Today, this Committee convenes for its first hearing of the year to examine our country... Read more »

Waters and Beatty Blast Lack of Diversity on SEC Advisory Committees

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, sent a letter to Jay Clayton, Chairman of the Securities and Exchange Commission (SEC), expressing concerns about the ongoing lack of ethnic and racial diversity on the agency’s four advisory committees, includ... Read more »

House Passes Seven Financial Services Bills

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Today, the U.S. House of Representatives passed the following financial services bills to support veterans, benefit investors, provide housing opportunities, hold regulators accountable, promote Minority Depository Institutions (MDIs), and improve cybersecurity: H.R. 4302, Homeless Assistance Act of 2019, a bill that would allow public housing agencies to share client level data with local governm... Read more »

Waters Statement on 2019 Homeless Assessment Report to Congress

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the Department of Housing and Urban Development’s (HUD) 2019 report which highlights the rise in homelessness in this country. “HUD’s Annual Homeless Assessment Report to Congress only confirms what we already know. There is a devasting homelessness crisis in this coun... Read more »

Chairwoman Waters Announces Updates to Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several updates to the Committee schedule: January 14 at 10:00 AM – The full Committee will convene for a hearing entitled, “On the Brink of Homelessness: How the Affordable Housing Crisis and the Gentrification of America Is Leaving Families Vulnerable.” January 14 at 2:00 PM – The Subcommit... Read more »

Waters Statement on Trump Administration Proposal to Roll Back Fair Housing Protections

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the Trump Administration’s proposal to replace the Affirmatively Furthering Fair Housing (AFFH) rule issued under President Obama with a much weaker rule. “This proposed Affirmatively Furthering Fair Housing (AFFH) rule is yet another attack on fair housing prot... Read more »

Chairwoman Waters Announces January Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of January: January 14 at 10:00 AM – The full Committee will convene for a hearing entitled, “On the Brink of Homelessness: How the Affordable Housing Crisis and the Gentrification of America Is Leaving Families Vulnerable.” January 14 at 2:00 PM – The... Read more »

Committee Releases 2019 Highlights and Legislative Successes on Behalf of Hardworking Americans

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a compilation of the Committee’s successes in the first session of the 116th Congress, with a focus on the Committee’s longstanding commitment to creating opportunities, ensuring fairness, and protecting the economic well-being of all Americans. “During the 116th Congress, my colleagues and I ... Read more »

Waters Continues Fight Against HUD’s Attacks on Fair Housing

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, blasting the agency’s delayed release of the Notice of Funding Availability for fiscal year 2019 (FY19) funding for the Fair Housing Initiatives Program (FHIP). "Last year, our nation experienced an 8 percen... Read more »

Waters Calls Out Kraninger for Politicizing Consumer Bureau

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Kathleen Kraninger, Director of the Consumer Financial Protection Bureau, expressing concerns regarding reports that a Trump Administration political appointee, Thomas G. Ward, is the lead candidate for the Enforcement Director position at the Consumer Bureau. “The potential selection ... Read more »

Waters Statement on Lack of New Funding to Address Homelessness in Appropriations Bill

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “I am disappointed that the $1.3 trillion appropriations bill, H.R. 1865, does not contain any significant new funding to tackle the homelessness crisis. On a given night, nearly 60,000 people in Los Angeles County experience homelessness, and this is not a regional prob... Read more »

Waters Statement on the Inclusion of Bipartisan Agreements on TRIA, EXIM Bank, and the World Bank in Approps Package

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the inclusion of World Bank funding and seven-year reauthorizations of the Terrorism Risk Insurance Act (TRIA) and the Export-Import Bank (EXIM) in House FY2020 appropriations legislation. “At the beginning of this Congress, I made clear that the long-term reauthorizat... Read more »

Waters Applauds Inclusion of Bipartisan Agreements on TRIA, EXIM Bank, and the World Bank in Approps Package

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Following months of negotiations, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, applauded the inclusion of World Bank funding and seven-year reauthorizations of the Terrorism Risk Insurance Act (TRIA) and the Export-Import Bank (EXIM) in House FY2020 appropriations legislation. The provisions included in the appropriations legislation closely mirror the ... Read more »

Financial Services, Oversight and Intelligence Committees Issue Statement on Supreme Court Decision to Hear Case for President Trump’s Financial Records

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the Committee on Oversight and Reform, and Congressman Adam B. Schiff (D-CA), Chairman of the Permanent Select Committee on Intelligence, issued the following statement in response to the Supreme Court agreeing to review cases for President Trump’s fi... Read more »

Committee Passes Commonsense Legislation to Benefit Hardworking Americans

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Yesterday, the House Financial Services Committee passed eight bills to protect student borrowers, enhance consumer credit reporting, ensure that regulators are working to preserve and promote Minority Depository Institutions (MDIs), and improve cybersecurity. The bills passed by the Committee included. Protecting Your Credit Score Act of 2019 (H.R. 5332), a bipartisan bill by Representative Josh ... Read more »

Waters to Lead Trip with Committee Dems to Public FDIC Meeting on Proposed CRA Rule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that she plans to lead a delegation of the Committee in attending a public meeting of the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors, which consists of FDIC Chairman Jelena McWilliams, Comptroller of the Currency Joseph Otting, Consumer Financial Protection Bureau Direc... Read more »

Waters, Brown, and Meeks Lead House and Senate Committee Democrats in Letter to Regulators on Proposed CRA Changes

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, and Congressman Gregory Meeks (D-NY), Chairman of the House Subcommittee on Consumer Protection and Financial Institutions, led a letter to Jerome H. Powell, Chairman of the Board of Governors of... Read more »

Waters Opening Statement at Final Committee Markup of 2019

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup to protect student loan borrowers, improve our broken credit reporting system, preserve and promote Minority Depository Institutions and strengthen our nation’s cybersecurity As Prepared for Delivery Today the Committee will mark up eight ... Read more »

Waters Statement on the Passing of Paul Volcker

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the passing of Paul Volcker. “I am deeply saddened by the news that Paul Volcker, former Chairman of the Federal Reserve and outspoken advocate for financial reform, has passed away. Chairman Volcker was a dedicated public servant and leader whose remarkable contribut... Read more »

Sherman Elected as Chairman of Subcommittee on Investor Protection, Entrepreneurship and Capital Markets

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Congressman Brad Sherman (D-CA) was elected by the Committee’s Democratic Caucus to serve as Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. “I am very proud of the work the House Financial Services Committee has completed during the 116th Congr... Read more »

House Passes Financial Services Bill to Explicitly Ban Insider Trading

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Today, the U.S. House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act, a bill to create the nation’s first statute explicitly banning insider trading. H.R. 2534 creates a clear definition of illegal insider trading under securities laws so that there is a codified, consistent standard for courts and participants in financial markets, and to better protect the hard-earned s... Read more »

Waters Again Presses Mnuchin to Explain the Trump Administration’s Harmful Actions

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “Promoting Financial Stability? Reviewing the Administration’s Deregulatory Approach to Financial Stability." As Prepared for Delivery Welcome back, Secretary Mnuchin. Today we are here to discuss the Trump Administration’s... Read more »

Waters Urges Regulators to Hold Depository Institutions Accountable

| 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 hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions?” As Prepared for Delivery Good morning. Today we are here to conduct oversight of regulators at the F... Read more »



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