Full Committee

Waters Blasts Wells Fargo CEO’s Remarks on Recruiting Diverse Executives

| Posted in Press Releases

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 »

Waters at Oversight Hearing on Pandemic Response: The Trump Administration Has Utterly Failed in Its Economic Response to This Virus

| Posted in Press Releases

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 »

Waters Statement on the Federal Housing Finance Agency’s Inadequate Response to the COVID-19 Pandemic

| Posted in Press Releases

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 »

Chairwoman Waters Announces September Hearing Schedule

| Posted in Press Releases

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 »

Waters, Nadler and Clay Slam Trump Administration Decision to Terminate Affirmatively Furthering Fair Housing Rule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Jerrold Nadler (D-NY), Chairman of the House Committee on the Judiciary, and Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development and Insurance, issued the following statement in response to the U.S. Department of Housing and Urban Development’s ... Read more »

Chairwoman Waters Announces Additional July Hearings

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following additional hearings in the month of July: July 23 at 10:30 AM – The full Committee will convene for a hearing entitled, “The Heroes Act: Providing for a Strong Economic Recovery from COVID-19." This hearing will convene in a “hybrid” format, which provides for remote Member p... Read more »

Waters Announces Addition to the June Committee Calendar

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following addition to the June Committee calendar: June 30 at 12:30 PM: The full Committee will hold a hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” This hearing will convene in a “hybrid” format, which provides for remote Member pa... Read more »

Waters at Hearing with Fed Chair: Communities of Color Suffering Disproportionately During Pandemic Crisis

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at today’s hearing, “Monetary Policy and the State of the Economy.” Chair Powell, the law that required the Federal Reserve Chair to testify before Congress twice each year was established in 1978. However, no Fed Chair has ever testified before this Committee wi... Read more »

The Heroes Act: Financial Services Committee Fact Sheets

| Posted in Press Releases

Today, the U.S. House of Representatives will vote on the Heroes Act, legislation to respond to the COVID-19 pandemic crisis. The Heroes Act includes numerous provisions proposed by Members of the Financial Services Committee. See here for a one-pager on the Financial Services Committee provisions in the Heroes Act. See here for one-pagers on how the Heroes Act: Supports renters and the rental hou... Read more »

Waters Statement on Oral Arguments Before Supreme Court on Trump v. Deutsche Bank AG

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement following oral arguments before the U.S. Supreme Court regarding Trump v. Deutsche Bank AG, on whether Congress has the authority to subpoena the President’s financial records. “I am pleased that the Court has taken the historic step of convening virtually and livestream... Read more »

Committee Democrats Working Around the Clock to Combat COVID-19

| Posted in Press Releases

Lawmakers may not be on Capitol Hill due to the COVID-19 pandemic, but Financial Services Committee Democratic Members are working around the clock to protect families, small businesses, and the economy. To date, Committee Democrats have sent more than 148 letters, introduced 50 legislative measures, and hosted over 61 stakeholder discussions to examine and address the impact of COVID-19. The Fina... Read more »

Committee Democrats At Work: Rep. San Nicolas Works to Ensure Funding is Available for Territories and Local Governments During COVID-19 Crisis

| Posted in Press Releases

In March, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. This legislation executes t... Read more »

Committee Democrats At Work: Rep. Lawson Pushes for Moratorium on Debt Collection During COVID-19 Crisis

| Posted in Press Releases

In March, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. This legislation executes t... Read more »

Waters and Subcommittee Chairs Hold Mortgage Servicers Accountable During COVID-19

| Posted in Press Releases

On Monday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions; Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing, Community Development, and Insurance; and Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and In... Read more »

Waters Calls for Administration to Put Small Business Owners Over Predatory Payday Lenders

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza, calling attention to the irreparable harm predatory payday lenders have caused America’s consumers and urging Administration officials to deny them access to Paycheck Protection Program (PPP) loans. “Ma... Read more »

Committee Democrats At Work: Rep. Heck Pushes For Rental Assistance During COVID-19 Crisis

| Posted in Press Releases

In March, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. This legislation executes t... Read more »

Waters Calls on SEC and Treasury to Resist Efforts to Roll Back Protections for Non-Traditional Workers During COVID-19 Crisis

| Posted in Press Releases

On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Securities and Exchange Commission Chairman Jay Clayton and Treasury Secretary Steven Mnuchin, urging them to uphold safeguards put in place to protect non-traditional workers—such as contractors, freelancers, and those in the gig economy— during the Coronavirus pandemic. “Unsur... Read more »

During COVID-19 Crisis, Waters Calls on Treasury and SBA to Allow All Local, Community Financial Institutions to Participate in Program to Support Small Businesses

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, and Jovita Carranza, Administrator of the U.S. Small Business Administration (SBA), urging them to ensure all financial institutions, including community banks, credit unions, minority depository institutions, and Commun... Read more »

Waters to Mnuchin: The Committee Will Closely Monitor Your Implementation of the CARES Act

| Posted in Press Releases

Following the passage of H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, urging him to ensure the law benefits workers, families, and the rest of the American people it was intended to help as a re... Read more »

Waters Condemns Trump Signing Statement on Bipartisan COVID-19 Stimulus Bill

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding President Trump’s signing statement on the Coronavirus Aid, Relief and Economic Security Act (CARES Act). “This President’s signing statement on the CARES Act is outrageous and unacceptable. It is a brazen attempt to subvert the oversight measures in this legis... Read more »

Waters Releases Extended Statement for the Record on the CARES Act

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released an extended statement for the record on H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The statement provides guidance to the Trump Administration on congressional intent behind the law, and serves to fill out the congressional record in the absence of Committ... Read more »

Committee Democrats At Work: Rep. Gottheimer Introduces Bill to Strengthen National Pandemic Planning

| Posted in Press Releases

As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats At Work: Rep. Dean Introduces Bill to Provide Relief to Student Loan Borrowers

| Posted in Press Releases

As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats At Work: Rep. Garcia Introduces Bill to Ban Evictions During COVID-19 Crisis

| Posted in Press Releases

As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats At Work: Rep. Scott Introduces Bill to Create a $35 Billion Homeowner Assistance Fund During COVID-19 Crisis

| Posted in Press Releases

As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »



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