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Waters Announces December Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of December: Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, “Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation.” …

Chairwoman Waters Congratulates Acting Chair Marty Gruenberg on Nomination as FDIC Chair

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Tags: FDIC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services released this statement following the Biden administration’s nomination of Martin Gruenberg to be chairman of the Federal Deposit Insurance Corporation (FDIC): “I want to congratulate Acting Chair Martin Gruenberg on his nomination by President Biden to serve as chairman of the Federal…

ICYMI: Chairwoman Waters Presses Nation’s Regulators on FTX Collapse, Efforts to Protect Communities

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” As it stands, America’s workers, small businesses, and communities are feeling the impacts of persistent inflation, an…

Waters Delivers Opening Statement at Full Committee Hearing on Oversight of Prudential Regulators

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.”  Good morning, everyone. I would like to welcome Vice Chair Barr, Acting Chairman…

Chairwoman Waters, Ranking Member McHenry Announce December Hearing to Investigate FTX Collapse

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Today, the Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), and the Ranking Member of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), announced a bipartisan hearing into the collapse of FTX and the broader consequences for the digital asset ecosystem. In December, the Committee expects to hear from the companies and…

Waters Delivers Opening Statement at Subcommittee Hearing Examining U.S. Capital Flows to Foreign Rivals and Adversaries Around the World

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Congresswoman Maxine Waters (D-CA) Chairwoman of the House Committee on Financial Services, delivered the follow statement at a Subcommittee hearing on Investor Protection, Entrepreneurship and Capital Markets entitled, “Investing in our Rivals: Examining U.S. Capital Flows to Foreign Rivals and Adversaries Around the World.” Each year, billions of dollars of capital from the U.S. are…

Waters Delivers Opening Statement at Subcommittee Hearing on Addressing Chronic Disinvestment in Colonias, the Southern Black Belt, and the U.S. Territories

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Congresswoman Maxine Waters (D-CA) Chairwoman of the House Committee on Financial Services, delivered the following statement at a subcommittee hearing on Housing, Community Development and Insurance entitled, “Persistent Poverty in America: Addressing Chronic Disinvestment in Colonias, the Southern Black Belt, and the U.S. Territories.” Thank you very much Mr. Cleaver for this…

Waters Announces November Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of November:  Tuesday, November 15 at 10 a.m. ET: The Subcommittee on Housing, Community Development, and Insurance will convene for a hybrid hearing entitled, “Persistent Poverty in America: Addressing Chronic Disinvestment in…

Chairwoman Waters Expresses Concern over HUD’s Draft Solicitation for Housing Assistance Payments, Urges Protection of Federally Assisted Housing Stock

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the Department of Housing and Urban Development (HUD) expressing concerns about HUD’s current draft solicitation for Housing Assistance Payments (HAP) Contract Support Services and its negative impact on mission-driven Performance Based Contract Administrators (PBCAs), like LA…

Chairwoman Waters Warns Chair Powell About Consequences of Interest Rates Hike, Urges Extreme Caution to Avoid Recession

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Following the Federal Reserve’s recent decision to increase the federal funds rate by 0.75 percent to a target range of 3.75 percent to 4 percent – marking the sixth consecutive rate hike and the fourth consecutive super-sized rate hike in just the past eight months – today Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Federal…

ICYMI: Chairwoman Waters Joins DC Fintech Week to Discuss Leadership in Financial Technology Space, Promoting Financial Inclusion

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, joined Professor Chris Brummer, Professor at Georgetown University Law Center and founder of DC Fintech Week, at his annual DC Fintech Week to discuss financial technology and the future of finance. Since assuming the Chair in 2019, Chairwoman Waters and the Committee have been leading the…

Waters Announces Financial Services Suspension Victories

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced passage of the following bills under suspension of the rules: H.R. 6889, the “Credit Union Board Modernization Act” is a bill offered by Representative Juan Vargas (D-CA) that would reduce the minimum number of board of director meetings for Federal credit unions that are highly…

Chairs Waters and Velázquez Urge Biden Administration to Approve Additional Assistance to Help Puerto Ricans Recover Equitably from Hurricane Fiona

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Following the devastating impact of Hurricane Fiona that has displaced millions of families across Puerto Rico, today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Nydia M. Velázquez (D-NY), Chairwoman of the House Committee on Small Business, sent a letter to President Biden calling on the administration to remain steadfast…

Chairwoman Waters’ Statement on World Bank President’s Comments on Climate Change

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to World Bank President David Malpass’s refusal to accept the scientific consensus that the burning of fossil fuels is dangerously warming the planet: “President Malpass’s refusal to accept the overwhelming scientific consensus that human…

ICYMI: Chairwoman Waters Holds Hearing with CEOs of Nation’s Seven Largest Banks

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” With an ongoing pandemic, rising interest rates and Russia’s invasion of Ukraine, economic conditions for families are worsening. During today’s hearing, Committee…

Waters Joins Vice President Harris, Treasury Secretary Yellen, and Senator Warner to Announce Over $8 Billion in Investments in CDFIs and MDIs Through the Emergency Capital Investment Program

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, joined Vice President Kamala D. Harris, Treasury Secretary Janet L. Yellen, and Senator Mark Warner (D-VA) to announce that the Biden-Harris Administration has made over $8.28 billion of investments through the Emergency Capital Investment Program (ECIP) to benefit community financial…

Waters Delivers Opening Statement at Full Committee Hearing with CEOs of America’s Seven Largest Commercial Banks

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” Testifying before us today, we have the CEOs of the seven largest U.S. commercial banks that each serve millions of consumers. As…

Waters Delivers Opening Statement at Subcommittee Hearing Reviewing Diversity and Inclusion at America’s Largest Insurance Companies

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Diversity and Inclusion hearing entitled, “A Review of Diversity and Inclusion at America’s Largest Insurance Companies.” Thank you so very much, Chair Beatty. I am proud that we are releasing a third in an unprecedented series of reports…

Waters Delivers Opening Statement at Subcommittee Hearing on the Growth of Alternative Payment Systems

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “Under the Radar: Alternative Payment Systems and the National Security Impacts of Their Growth.” Thank you very much, Chairman Himes, for convening this…

Waters and Beatty Release Committee Staff Report Highlighting Diversity Shortcomings at America’s Largest Insurance Companies

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Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, released a Majority staff report entitled, “Diversity and Inclusion: Holding America’s Largest Insurance Companies Accountable.” On Tuesday, September 20, the Subcommittee on Diversity and Inclusion will hold a…

ICYMI: Barbados Prime Minister, the Honorable Mia Mottley, Delivers Historic Testimony Before the Full Committee on Impacts of De-Risking on the Caribbean

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing this week entitled, “When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.” The hearing kicked off with a historic testimony from Barbados Prime Minister, Mia Amor Mottley, on the harmful effects of de-risking…

Chairwoman Waters Introduces Legislation to Strengthen the Community Reinvestment Act, End Modern-Day Redlining

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services introduced H.R. 8833, the “Making Communities Stronger Through the Community Reinvestment Act.” This transformative piece of legislation is a part of Chairwoman Waters’ continuing efforts to root out discrimination in our modern-day banking system and close the racial wealth and…

Waters Announces Witnesses for Hearing with Megabank CEOs

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the September 21, 2022, full Committee hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.”  The hearing witnesses include: Andy Cecere, Chairman, President, and Chief Executive…

Waters Delivers Opening Statement at Historic Full Committee Hearing on the Impacts of De-Risking on the Caribbean

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.” I would like to welcome the Prime Minister of Barbados, the Honorable Mia Amor Mottley, to the Financial…

Waters Announces September Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September: POSTPONED -Thursday, September 8 at 12 p.m. ET: The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a virtual hearing entitled, “Accounting Standards in the 21st Century.” …

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