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 »
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 »
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 »
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 »
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 »
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 »
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 »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the following updates to the Committee schedule for the month of June. Tuesday, June 11 at 10:00 AM – The Subcommittee on Oversight and Investigations will convene a hearing entitled, “An Examination of State Efforts to Oversee the $1.5 Trillion Student Loan Servicing Market.” Tuesday, June 1... Read more »
On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, sent letters to 37 bank holding companies requesting their diversity and inclusion data and policies from 2015 to the present. The letters request data on diversity and incl... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the announcement of the Securities and Exchange Commission’s (SEC) final rule governing the standards of care owed by broker-dealers when providing retail investors with personalized investment recommendations: “The SEC’s final rule ignores the explicit will of Congres... Read more »
On Tuesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following remarks during a policy speech on the importance of the National Flood Insurance Program (NFIP). As Prepared for Delivery Good morning and thank you for inviting me to speak at this important and timely conference. Before I begin, I’d like to thank the organizers of the Nat... Read more »
Today, at a full Committee hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank,” 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 to discuss the revival and long-term reauthorization of the Export-Import Bank (... Read more »
This week, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Benjamin Carson entitled, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” Committee Democrats asked questions about many of the Secretary’s harmful actions at HUD that he repeatedly answered inaccurately. Read below for a list of the top 5 inaccurate... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of June: Tuesday, June 4 at 10:00 AM – The full Committee will convene a hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank.” Tuesday, June 4 at 2:00 PM – The Subcommittee on Consumer Protection and Financial Ins... Read more »
Following today’s ruling by the U.S. District Court for the Southern District of New York to uphold Congressional authority to access the President’s financial records, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Adam Schiff (D-CA), Chairman of the House Intelligence Committee, released the following statement: “We are pleased with Judg... Read more »
Today, the U.S. House of Representatives passed H.R. 1500, the Consumers First Act, legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau). The bill passed by a ... Read more »
Today, the U.S. House of Representatives will consider H.R. 1500, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau). See Congresswoman Maxine Waters’ (D-CA), Chairwoman of the House Committee on Financial Services, floor statement below. As Pr... Read more »
Today, at a full Committee hearing with U.S. Department of Housing and Urban Development Secretary Benjamin Carson entitled, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” 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... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement a full Committee hearing on the safety, soundness and accountability of financial institutions with Rodney Hood, Chairman of the National Credit Union Administration (NCUA); Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation (FDIC); Joseph Otti... Read more »
Today, after the overdue announcement that Eric Blankenstein, Policy Associate Director for the Supervision, Enforcement and Fair Lending Division at the Consumer Financial Protection Bureau (Consumer Bureau), will be leaving the agency, Chairwoman Waters issued the following statement: “When Director Kraninger appeared before the Committee in March, I asked her about the past racist writings of t... Read more »
Today, the U.S. House of Representatives passed four bills that were offered by House Financial Services Committee Members, including H.R. 2578, the National Flood Insurance Program Extension Act of 2019, bipartisan legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Patrick McHenry (R-NC), Ranking Member of the House ... Read more »
On Friday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Sylvia Garcia (D-TX), and 21 Committee Democrats sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), demanding that he withdraw his senseless proposal to terminate housing benefits for mixed-immigration status families who rely on HUD’... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Committee on Financial Services, announced that they have introduced legislation (H.R. 2578) to extend the National Flood Insurance Program’s (NFIP) authorization to September 30, 2019. The authorization is due to expire on May 31. ... Read more »
This week, the House Financial Services Committee, held a markup of five bills and two resolutions to promote responsible innovation through financial technology, crack down on money laundering and illicit finance, protect small businesses and investors, and uphold consumer protections. See the legislation below. HR 1988, the Protect Affordable Mortgages for Veterans Act of 2019, bipartisan legisl... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the creation of a Task Force on Financial Technology and a Task Force on Artificial Intelligence. “As new technologies emerge and the financial services industry puts those technologies to use, Congress must make sure that responsible innovation is encouraged, and that regulators and the l... Read more »
