Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding a letter that Acting Comptroller of the Currency Brian Brooks sent to the National League of Cities, the U.S. Conference of Mayors, and the National Association of Governors regarding efforts to combat COVID-19. “With this inappropriate letter pressuring city a... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement regarding the Office of the Comptroller’s issuance of a final rule on interest rates on transferred loans: “It is shameful that on his first day on the job, new Acting Comptroller Brian Brooks is already following in Comptroller Otting’s footsteps in working to undermi... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement regarding the U.S. Department of the Treasury’s and Small Business Administration’s (SBA) announcement that it is setting aside $10 billion in Paycheck Protection Program (PPP) funds to be distributed by Community Development Financial Institutions (CDFIs). “I am very pleas... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of June: June 3 at 12:00 PM – The Subcommittee on Consumer Protection and Financial Institutions will convene for a hearing entitled, “Promoting Inclusive Lending During the Pandemic: Community Development Financial Institutions and Minority Depo... Read more »
Today, the Subcommittee on National Security, International Development, and Monetary Policy held a virtual roundtable with cybersecurity experts entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19 Crisis." The virtual roundtable panelists included: Mr. Tom Kellermann, Head of Cybersecurity Strategy, VMware Mr. Guillermo Christensen, Partner, Data Security and Privacy Pra... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 28, the Subcommittee on National Security, International Development and Monetary Policy Chairman Emanuel Cleaver (D-MO) and Ranking Member French Hill (R-AR) will host a virtual roundtable entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19 Crisis,” with... Read more »
Today the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets held a virtual roundtable with capital market experts entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets." The virtual roundtable panelists included: Christopher Gerold, President, North American Securities Administrators Association and Bureau Chief of the New Jersey Bureau of Secur... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 26, Subcommittee on Investor Protection and Capital Markets Chairman Brad Sherman (D-CA) and Ranking Member Bill Huizenga (R-MI) will host a virtual roundtable entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets,” with the following panelists: Christo... Read more »
Yesterday, the Subcommittee on Housing, Community Development, and Insurance Subcommittee held a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing Markets.” The panelists for the virtual roundtable included: Diane Yentel, President and CEO, National Low Income Housing Coalition Kristy W. Fercho, Vice Chairman, Mortgage Bankers Association Jenny Schuetz, Me... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, Friday, May 22, Housing, Community Development, and Insurance Subcommittee Chairman Wm. Lacy Clay (D-MO) and Ranking Member Steve Stivers (R-OH) will host a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing Markets.” The panelists for the virt... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement in response to the Office of the Comptroller of the Currency’s (OCC) issuance of a final rule weakening the implementation of the Community Reinvestment Act (CRA): “It is simply outrageous that in the midst of the Coronavirus pandemic and on his way out the door, Comptrolle... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, and Steven Mnuchin, Secretary of the U.S. Department of the Treasury, following up on conversations to ensure that the Federal Reserve and Treasury programs and facilities to respond to the COVID-19 crisis... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following floor statement in support of the Heroes Act (H.R. 6800). Mr. Speaker, I rise in strong support of H.R. 6800, the Heroes Act. This legislation includes a number of important proposals from the Members of the Financial Services Committee, and builds upon my proposal for more direct... Read more »
Today, the U.S. House of Representatives will vote on the Heroes Act, legislation to respond to the COVID-19 pandemic crisis. The Heroes Act includes numerous provisions proposed by Members of the Financial Services Committee. See here for a one-pager on the Financial Services Committee provisions in the Heroes Act. See here for one-pagers on how the Heroes Act: Supports renters and the rental hou... Read more »
Yesterday, the Consumer Protection and Financial Institutions Subcommittee held a virtual roundtable with prudential regulators entitled, “Update from Prudential Regulators.” The virtual roundtable panelists included: The Honorable Rodney Hood, Chairman, National Credit Union Administration The Honorable Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation The Honorable Joseph Otting... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement following oral arguments before the U.S. Supreme Court regarding Trump v. Deutsche Bank AG, on whether Congress has the authority to subpoena the President’s financial records. “I am pleased that the Court has taken the historic step of convening virtually and livestream... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Michael San Nicolas (D-GU), Vice Chair of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell urging them to ensure territories are not excluded from the federal government’s COVID-19 response efforts. In ... Read more »
Lawmakers may not be on Capitol Hill due to the COVID-19 pandemic, but Financial Services Committee Democratic Members are working around the clock to protect families, small businesses, and the economy. To date, Committee Democrats have sent more than 148 letters, introduced 50 legislative measures, and hosted over 61 stakeholder discussions to examine and address the impact of COVID-19. The Fina... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that on Wednesday, May 13, Consumer Protection and Financial Institutions Subcommittee Chairman Gregory Meeks (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) will host a virtual roundtable discussion entitled, “Update from Prudential Regulators.” Panelists for the virtual roundtable in... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Denny Heck (D-WA), and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, announced the introduction of the Emergency Rental Assistance and Rental Market Stabilization Act of 2020, legislation to create a $100 billion emergency ren... Read more »
In March, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. This legislation executes t... Read more »
In March, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. This legislation executes t... Read more »
On Monday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions; Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development, and Insurance; and Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and In... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza, calling attention to the irreparable harm predatory payday lenders have caused America’s consumers and urging Administration officials to deny them access to Paycheck Protection Program (PPP) loans. “Ma... Read more »
In March, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. This legislation executes t... Read more »
