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Waters Announces July 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 July: Wednesday, July 13 at 10 AM ET: The Subcommittee on Consumer Protection and Financial Institutions will convene for a hybrid hearing entitled, “Better Together: Examining the Unified Proposed Rule to Modernize the Community Reinvestment Act.” T...

Waters at Financial Technology Task Force Hearing: “We Can All Benefit from Promoting Diversity in Future Fintech Industry Leaders”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Task Force on Financial Technology hearing entitled, “Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned Fintechs.” Thank you so very much, Mr. Lynch. You know, Chair Lynch, this is a most important meeting that we’re having here to...

Waters at Full Committee Hearing on the Long-Term Impacts of the Hot Housing Market: “Congress Must Pass This Committee’s Housing Title of the Build Back Better Act”

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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 hearing entitled, “Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market.” As we celebrate National Homeownership Month, we must recognize that homeownership is the primary driver of wealth for most families in ...

Chairwoman Waters Requests Timeline for Implementation of PAVE Task Force Administrative Appraisal Reforms

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the Property Appraisal and Valuation Equity (PAVE) Task Force asking that the Task Force move quickly to implement its planned administrative actions and provide the Committee with a clear timeline for implementation of each action. “The Task Force’s Action Plan is a critical step forward in ...

Chairwoman Waters Calls on Regulators to Hold Wells Fargo Accountable for Continued Troubling Patterns and Practices of Anti-Consumer Behavior

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to regulators last week, urging them to investigate recent allegations that Wells Fargo denied Black refinancing applicants when interest rates were at their lowest and hosted “mock” interviews with diverse candidates to pad diversity numbers. “I write today to share my profound disappointment a...

Waters Questions Aggressive Rent Hikes, Costly Fees at Hearing on Private Equity and the Single Family Rental Home Market

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The House Committee on Financial Services, led by Chairwoman Maxine Waters (D-CA), convened for a Subcommittee on Oversight and Investigations hearing yesterday entitled, “Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America’s Neighborhoods.” In October 2021, the Committee sent a longitudinal survey to five of the nation's largest single-family rental companies to inv...

Waters Denounces Supreme Court Decision to Overturn Roe v. Wade and Deprive Women of Economic Security

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, a long champion of women’s rights and equality, released a statement on the Supreme Court’s decision to overturn Roe vs. Wade. “Today is a sad and enraging day in our country. The Supreme Court has overturned Roe v. Wade, which has been the law of the land for decades and provided women, non-binary,...

Waters and Green Complete Investigation of Meme Stock Market Event; Release Report Revealing the Troubling Business Practices and Inadequate Risk Management Leading up to the Trading Frenzy

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, released a Majority staff report entitled, “Game Stopped: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform.” GameS...

Committee on Financial Services Passes 10 Bills to Reduce Housing Costs, Prevent Housing Fires, Support Small Businesses, Stand Up for Consumers and Protect Whistleblowers

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Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA) passed 10 bills: H.R. 4495, the Downpayment Toward Equity Act is a bill offered by Chairwoman Maxine Waters (D-CA) that would authorize $100 billion for a new HUD grant program to provide financial assistance to first-time, first-generation homebuyers to put towards a downpayment and other upfront costs to purcha...

Waters Delivers Opening Statement at Semiannual Full Committee Hearing with the Federal Reserve: “Republicans Can Talk About the Problems, but They Have Zero Solutions”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the semiannual full Committee hearing entitled, “Monetary Policy and the State of the Economy.” Welcome back, Chair Powell, and congratulations on your confirmation as Chair of the Fed. Since you last came before the Committee, Americans continue to struggle to make e...

Waters Delivers Opening Statement at June Full Committee Markup of Bills to Address Inflation, Reduce Housing Costs, Support Small Businesses, and Put Consumers First

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee markup. Today, this Committee will consider a number of bills to reduce housing costs, save lives, put consumers first, support small businesses and entrepreneurs, and protect whistleblowers. As we mark homeownership month this June, I want to acknowledge ho...

Waters Announces Updates to June Committee Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the schedule for the month of June: POSTPONED - Subcommittee on Consumer Protection and Financial Institutions will convene for a hybrid hearing entitled, “Better, Together: Examining the Unified Proposed Rule to Modernize the Community Reinvestment Act.” RESCHEDUL...

Waters Leads Committee Democrats on House Passage of Historic Racial Equity Bill to Provide Overdue Mortgage Assistance, Lending and New Opportunities to Communities of Color

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the passage of her bill H.R. 2543, The Financial Services Racial Equity, Inclusion, and Economic Justice Act, in the House by a vote of 215-207. Congresswoman Waters, the first woman and African American to chair the Committee on Financial Services, led Committee ...

Waters Statement on Positive COVID Test Result

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after receiving a positive test result for COVID-19. “Yesterday, after learning of a potential exposure at the Summit of the Americas in Los Angeles, I was notified that I tested positive for COVID. I am currently isolating and have no symptoms. I am following all pr...

Waters Announces Update to June Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of June: POSTPONED - Tuesday, June 14 at 10:00 AM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup. Wednesday, June 22 at 10:00 AM ET: The Subcommittee on Consumer Protection and Financial Institut...

Waters Applauds Release of Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans

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Tags: FHFA

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Federal Housing Finance Agency (FHFA) announcing the release of Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Plans. “For so long, homeownership has served as the principal driver of intergenerational wealth in America. However, ...

Waters, Green, and Subcommittee Chairs Request Data on Chattel Slavery Financing from Top U.S. Banks and Insurance Companies

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, and all Subcommittee Chairs, sent requests to the nation’s top ten U.S. banks, top five U.S. property and casualty insurance companies, and top five U.S. life insurance companies to inquire about their involvemen...

Waters Announces June Committee Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of June: Tuesday, June 14 at 10:00 AM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup. Wednesday, June 22 at 10:00 AM ET: The Subcommittee on Consumer Protection and Financial Institutions will convene for a hy...

Waters Delivers Opening Statement at Full Committee Hearing Examining the Risks and Benefits of a Central Bank Digital Currency

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hearing entitled, “Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency.” As prepared for delivery First, let me extend my congratulations to Dr. Lael Brainard on her confirmation a...

Waters Calls on President Biden to Advance Financial Access and Inclusion for Caribbean Nations 

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WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to President Biden urging him to leverage the ongoing dialogue at the Summit of the Americas to incorporate a key priority for Caribbean nations: financial access and inclusion, particularly to advance solutions to the harmful phenomenon of bank de-risking. “Most of the...

Waters Applauds Confirmation of Sandra L. Thompson as Director of FHFA 

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement following the confirmation of Sandra Thompson to serve as Director of the Federal Housing Finance Agency (FHFA). “I congratulate Director Sandra L. Thompson, who will be the first Black woman to serve as FHFA Director. Our nation continues to face a worsening housing...

Waters Delivers Opening Statement at Subcommittee Hearing Exploring Inequities in Financial Services for Persons with Disabilities

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Diversity and Inclusion hearing entitled, “Diversity Includes Disability: Exploring Inequities in Financial Services for Persons with Disabilities, Including Those Newly Disabled Due to Long-Term COVID.” Thank you so very much, Chair Beatty....

Waters and Brown Urge SEC Chair Gensler to Require Data Reporting to Improve Future Rulemakings on Human Capital and Diversity Disclosure

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Tags: SEC

This week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee and Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, sent a letter to Gary Gensler, Chair of the Securities and Exchange Commission (SEC) urging him to require disclosure of standardized data to help investors and other stakeholders include race, eth...

Committee on Financial Services Releases FY2023 Budget Views and Estimates

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Tags: Budget

The House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), has submitted its Budget Views and Estimates for Fiscal Year (FY) 2023 to the House Budget Committee. The purpose of this document is to advise the Budget Committee on matters within the Financial Services Committee’s jurisdiction as it formulates the budget for FY 2023. The Views were signed by all Democratic Members ...

Committee on Financial Services Passes Eight Bills to Keep Up with Evolving Financial Marketplace, Stand Up for Vulnerable Communities

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Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to keep up with an ever-changing marketplace by modernizing our regulatory framework, closing loopholes and ensuring robust oversight, along with bills to promote financial inclusion, expand access to affordable financial services, promote impactful community development and care for those exp...

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