Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets virtual hearing entitled, “The End of LIBOR: Transitioning to an Alternative Interest Rate Calculation for Mortgages, Student Loans, Business Borrowing, and Other Financial Products.” ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Consumer Protection and Financial Institutions virtual hearing entitled, “Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters.” Thank you very much Chairman Perlmutter for holding this very important h... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and U.S. Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, announced that hearings with the CEOs of the nation’s largest banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley, will be held... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Build Back Better: Investing in Equitable and Affordable Housing Infrastructure.” Today, the Committee will be focusing on the need for major investments in equitable and affordable housing infrastructure. Last month, Congre... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to senior Members of the House Committee on Appropriations, Subcommittee on Financial Services and General Government, urging them to support supplemental funding to the Financial Crimes Enforcement Network (FinCEN). “I write to urge a substantial increase of not less than $74.3 million i... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Mark Warner (D-VA) sent a letter to Treasury Secretary Janet Yellen urging the extension of the Emergency Capital Investment Program (ECIP) application deadline to ensure the highest level of participation from eligible community development financial institutions (CDFIs) and minority depos... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Senator Mark Warner (D-VA), held the inaugural meeting of a new advisory group focused on public policies that support minority depository institutions (MDIs) and community development financial institutions (CDFIs), whose mission includes supporting low- and moderate-income communities, communities of... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following hearings in the month of April: April 14 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, "Build Back Better: Investing in Equitable and Affordable Housing Infrastructure." April 15 at 10:00 AM ET: The Subcommittee on Consumer Protection and Fin... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Housing, Community Development and Insurance virtual hearing entitled, “Preserving a Lifeline: Examining Public Housing in a Pandemic.” Thank you very much Mr. Chairman. I certainly appreciate this hearing that you’re holding today. Of course... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” I’d like to welcome Secretary Yellen and Chair Powell. I am very pleased that, with Democrats’ passage of President Biden’s American Re... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, sent requests to the nation’s 31 largest investment firms—those with $400 billion or more of assets under management—for data on their diversity and inclusion. “We are making progress to ensure a comprehensi... Read more »
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 virtual hearing entitled, “By the Numbers: How Diversity Data Can Measure Commitment to Diversity, Equity and Inclusion.” Today, we are continuing to hold the financial services industry accountable for diversity and i... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II.” Good morning every one. Today this Committee convenes for our second hearing on the ongoing volatility involv... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions virtual hearing entitled, “Slipping Through the Cracks: Policy Options to Help America’s Consumer During the Pandemic.” Thank you, Chairman Perlmutter, your leadership of the Consumer Protection and Fina... Read more »
On March 10, the House passed the Senate amendment to the American Rescue Plan Act, sending the legislation to President Biden’s desk. The American Rescue Plan Act contains a number of key provisions authored by Financial Services Committee Democrats. These include provisions providing $10 billion to support the production of emergency medical equipment using the Defense Production Act, $27.5 bill... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the Consumer Financial Protection Bureau’s (CFPB) announcement that it will interpret the Equal Credit Opportunity Act (ECOA) to prohibit lending discrimination on the basis of sexual orientation or gender identity. “Over the past several years, the Trump Administ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the confirmation of Marcia Fudge as Secretary of the U.S. Department of Housing and Urban Development (HUD). “I congratulate Marcia Fudge on her confirmation as Secretary of the Department of Housing and Urban Development (HUD). “Marcia Fudge’s knowledge, experien... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on the American Rescue Plan: Thank you so very much, Mr. Speaker and Members. I would like to thank President Biden and all of the Democratic Leadership for this wonderful and historic piece of legislation that we are voting on here today. This indeed responds to the ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.” Today we are here to discuss steps that this Committee can take to create justice and achieve racial equity through acc... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Federal Reserve Chair Jerome Powell, Federal Reserve Vice Chair Randal Quarles, Federal Deposit Insurance Corporation Chair Jelena McWilliams, and Acting Comptroller of the Currency Blake Paulson, urging their agencies to stop prioritizing the wishes of Wall Street over the public g... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the hearing schedule for the month of March: March 10 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.” March 11 at 10:00 AM ET: The Subc... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement applauding the commitment by Treasury Secretary Janet Yellen to pursue a new allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF). “I am very pleased by Secretary Yellen’s decision to seek a multilateral agreement to support a new alloca... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the House floor urging the passage of the American Rescue Plan Act. Madam Speaker, thank you so very much. I am so grateful that we have President Biden’s leadership in the White House to tackle the ongoing pandemic. H.R. 1319, the American Rescue Plan Act of 2021, ca... 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 March: March 10 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.” March 11 at 10:00 AM ET: The Subcommittee on Cons... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the House floor urging the passage of the Equality Act. Mr. Speaker, I rise in strong support of H.R. 5, the Equality Act, a critical piece of civil rights legislation. Half a century ago, the Fair Housing Act and the Equal Credit Opportunity Act became law, but we kn... Read more »
