Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after Ben Carson, Secretary of the Department of Housing and Urban Development announced the department’s final rule on the disparate impact standard under the Fair Housing Act. “The Trump Administration has been relentless in its attacks on the Fair Housing Act, a law... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding Wells Fargo CEO Charles Scharf’s remarks on the recruitment of Black executives. "Charlie Scharf’s comments—spoken to Wells Fargo employees in June and then later memorialized in a memo to them—are sadly familiar to Black people who work in the financial service... Read more »
This week, the U.S. House of Representatives passed ten financial services bills, including legislation to support diversity in community banking, protect investors and consumer from pandemic-related fraud, combat trafficking, and promote more flexible CARES Act funding. The bills passed include: The Ensuring Diversity in Community Banking Act (H.R. 5322) a bill by Representative Gregory Meeks (D-... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” Welcome back, Chair Powell and Secretary Mnuchin. Since you last testified before this Committee in June, the coronavirus crisis has continued to have a c... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the hearing schedule for the month of September: POSTPONED – The Subcommittee on National Security, International Development, and Monetary Policy hybrid hearing entitled, “An Examination of the Administration’s Implementation of Statutory Reforms to the Committee o... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Prioritizing Fannie’s and Freddie’s Capital over America’s Homeowners and Renters? A Review of the Federal Housing Finance Agency’s Response to the COVID-19 Pandemic.” Today, this Committee convenes for a hearing to conduct oversigh... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, issued the following statements on a new Government Accountability Office (GA... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement in response to Citigroup’s announcement of a new chief executive officer. “Earlier this year, I and Congresswoman Beatty, Chairwoman of the Financial Services Committee’s historic Subcommittee on Diversity and Inclusion which I created, released a report on the diversity... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee hearing entitled “The Need for Financial Aid to America’s States and Territories During the Pandemic: Supporting First Responders, Assisting Schools in Their Efforts to Safely Educate, and Preventing Mass Layoffs.” As Prepared For Delivery The coronaviru... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement in response to the Trump Administration’s announcement regarding a temporary halt on some residential evictions. “Instead of working with Democrats to pass the Heroes Act, the Trump Administration has resorted to threatening criminal penalties and even imprisonment for r... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual and hybrid hearings for the month of September: September 8 at 12:00 PM – The Subcommittee on Diversity and Inclusion will convene for a virtual hearing entitled, “Holding Financial Regulators Accountable for Diversity and Inclusion: Perspectives from the Offices of M... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement in response to a foreclosure and eviction moratorium extension announced by Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD). “Once again, the Trump administration has failed to provide the necessary help to renters in the middle of this... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Financial Services Committee, issued the following statement following the Federal Housing Finance Agency’s (FHFA) announcement that it would delay its recently announced adverse market fee for refinance mortgages: “Just two weeks ago, Director Calabria approved an outrageous penalty, in the middle of a pandemic and an economic recession... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development and Insurance, issued the following statement after Fannie Mae and Freddie Mac (The Enterprises) announced that refinance mortgage loans sold to them after September 1 will include a new adverse-market... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after the U.S. Government Accountability Office (GAO) released a report entitled, “Homelessness: Better HUD Oversight of Data Collection Could Improve Estimates of Homeless Population,” following Waters’ 2018 request for a comprehensive study on the state of homelessne... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a one-pager addressing frequently asked questions regarding Donald Trump’s misleading Executive Order on housing, issued on August 8, 2020. See below or click here for the full text of the one-pager. Q. Does this Executive Order (EO) provide an eviction moratorium? A. NO. Instead, the EO mere... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement in response to Trump’s issuance of several executive orders and presidential memoranda: “Today, Trump issued four highly questionable executive orders and presidential memoranda on payroll taxes, student loans, unemployment insurance, and evictions. These announcements, s... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions, introduced the “Promoting and Advancing Communities of Color Through Inclusive Lending Act,” legislation which would build on the Committee’s work to support Community Development Financia... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Josh Gottheimer (D-NJ), Congressman Brad Sherman (D-CA), Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, Congressman Bill Foster (D-IL), Chairman of the Task Force on Artificial Intelligence, and Congressman Stephen F. Lynch (D-MA), Chairman of ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee Subcommittee on Financial Institutions and Consumer Protection, and Senator Kirsten Gillibrand (D-NY), introduced legislation to require the Federal Reserve to use its existing authorities to clo... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Eliot L. Engel (D-NY), Chairman of the House Committee on Foreign Affairs, Congressman James E. Clyburn (D-SC), Chairman of the House Select Subcommittee on the Coronavirus Crisis, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, and Congressma... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement urging the House of Representatives to approve amendments offered by her to the Defense, Commerce, Justice, Science, Energy and Water Development, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, Transportatio... 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 hearing entitled, “Protecting Consumers During the Pandemic? An Examination of the Consumer Financial Protection Bureau.” As Prepared for Delivery I would like to welcome Director Kraninger to what I hope will be her last appearance before thi... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement regarding the potential inclusion of legislation to weaken capital requirements for big banks in Senate Republicans’ HEALS Act: “Senate Republicans have been asleep at the wheel for months while this crisis continued to balloon in scale. Now, they have put forth half-bak... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following remarks at a virtual press conference on the impending eviction crisis brought on by COVID-19 and the Republican Senate’s failure to act. I am very pleased that you invited me to be a part of this press conference today. This is extraordinarily important. I’m pleased to be here today... Read more »
