CFPB

Waters, Heck and 21 Committee Democrats Call on CFPB Director to Resume Protection of Military Servicemembers

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Congressman Denny Heck (D-WA) and 21 Committee Democrats sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (Consumer Bureau), urging her to recommit the Consumer Bureau to fulfilling its supervisory role over consumer protection laws, including the Military L... Read more »

Waters Statement on the CFPB’s Weak Settlement with State Farm Bank

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Tags: CFPB

Following the announcement that the Consumer Financial Protection Bureau (Consumer Bureau) settled with State Farm Bank, FSB, over the misuse of consumer credit information without imposing a civil penalty, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “To cap off his harmful tenure at the Consumer Bureau, Mick Mulvan... Read more »

Waters Statement on FOIA Release Revealing Unpublished Consumer Bureau Analysis on Bank Fees Charged to Students

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Today, in response to a Freedom of Information Act (FOIA) disclosure revealing a previously unreleased Consumer Financial Protection Bureau (Consumer Bureau) analysis on excessive account fees charged to students by large banks, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “It is deeply troubling that a previously unpublis... Read more »

Waters Statement on Proposal to Weaken Enforcement at the Consumer Bureau

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Tags: CFPB

Today, following a Consumer Financial Protection Bureau (Consumer Bureau) proposal to weaken its “no-action letter” policy and reduce enforcement, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “I am very concerned by the Consumer Bureau proposal, issued in the last days of Mick Mulvaney’s leadership, to significantly loosen... Read more »

Waters Statement on her Nomination as Financial Services Committee Chairwoman by Democratic Steering and Policy Committee

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Following her historic nomination by the House Democratic Steering and Policy Committee as the first woman and African American to chair the House Committee on Financial Services, Congresswoman Maxine Waters (D-CA), issued the following statement: “I am honored to have been nominated by the Democratic Steering and Policy Committee to serve as Chairwoman of the House Financial Services Committee in... Read more »

Waters, Heck and 21 Committee Democrats Call on CFPB Director to Resume Protection of Military Servicemembers

| Posted in Press Releases
Tags: CFPB, HUD

WASHINGTON, D.C. -Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Congressman Denny Heck and 21 Committee Democrats sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (Consumer Bureau), urging her to recommit the Consumer Bureau to fulfilling its supervisory role over consumer protection laws, including the... Read more »

Waters Statement on the Confirmation of Kathy Kraninger to Head the CFPB

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Following the U.S. Senate confirmation of OMB Associate Director Kathy Kraninger to serve as Director of the Consumer Financial Protection Bureau (Consumer Bureau), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “The Consumer Financial Protection Bureau was specifically designed by Congress to be an independent watchdog fo... Read more »

Waters Introduces Legislation to Put Consumers First

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, announced the introduction of H.R. 6972, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their efforts, led by Mick Mulvaney, Director of the Office of Management and Budget, to dismantle the Consumer Financial Protection Bureau. This legislat... Read more »

Waters Leads Call for Committee to Investigate Failures to Protect Student Loan Borrowers at the CFPB

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services and 12 Members of Congress, sent a letter to Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, urging him to use the full range of the Committee’s oversight authorities to conduct a formal investigation into allegations raised by Seth Frotman, former Assistant... Read more »

Waters Statement on the 10th Anniversary of the 2008 Financial Crisis

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Today, in commemoration of the 10th anniversary of the 2008 financial crisis, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “The 2008 financial crisis was the worst financial disaster since the Great Depression, inflicting widespread, devastating costs on millions of American families,” said Ranking Member Waters. “Al... Read more »

Waters and Hensarling Unveil Bipartisan Capital Markets Reform Legislation

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and Congressman Jeb Hensarling (R-TX), Chairman of the House Committee on Financial Services, announced that they have reached an agreement on a package of strong, bipartisan capital-formation legislation to help America’s small businesses and entrepreneurs and to protect investors. The package,... Read more »

Waters Introduces Bill to Restore Fair Housing Protections Eliminated by Secretary Carson

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Tags: CFPB, HUD

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced H.R. 6220, the Restoring Fair Housing Protections Eliminated by HUD Act of 2018, a bill to restore several fair housing protections that Ben Carson, Secretary of the Department of Housing and Urban Development (HUD), has eliminated. “The Department of Housing and Urban Development (HU... Read more »

Waters Statement on the Nomination of Kathy Kraninger to Head the CFPB

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on President Trump’s nomination of OMB Associate Director Kathy Kraninger to serve as Director of the Consumer Financial Protection Bureau. In 2017, Trump illegally appointed his Office of Management and Budget Director, Mick Mulvaney, to serve as Acting Director of the ... Read more »

Waters Statement on FY19 Financial Services Funding Bill

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Today, in response to the House Committee on Appropriations markup of the fiscal year 2019 Financial Services and General Government Appropriations bill, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “The Trump Administration and Congressional Republicans are shameless in their attempts to rollback consumer protection... Read more »

Waters Statement on Mulvaney’s Decision to Fire All Members of the Consumer Bureau’s Advisory Board

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement in response to Office of Management and Budget Director Mick Mulvaney’s reckless decision to fire all members of the Consumer Financial Protection Bureau’s (Consumer Bureau) Consumer Advisory Board. The Consumer Advisory Board is a statutorily required panel of exper... Read more »

Waters Statement on Mulvaney’s Reorganization of the Consumer Financial Protection Bureau

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Today, in response to Director of the Office of Management and Budget Mick Mulvaney’s announcement that the Consumer Financial Protection Bureau (Consumer Bureau) will dramatically reorganize its operational structure, creating new offices and closing existing ones, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “This ... Read more »

Waters: S.J. Res. 57 Sets Back Efforts to Prevent Discriminatory Auto Lending and Harms Consumers

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to S.J. Res. 57, an unprecedented Congressional Review Act resolution to repeal and permanently block guidance from the Consumer Financial Protection Bureau (Consumer Bureau) on indirect auto financing. As Prepared for Delivery Mr. Speaker, I rise today... Read more »

Waters to Mulvaney: Provide Records on Interactions with Lobbyists

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, sent a letter to Office of Management and Budget Director Mick Mulvaney, who was illegally appointed by President Trump as Acting Director of the Consumer Financial Protection Bureau (Consumer Bureau). In the letter, Ranking Member Waters requested all records regarding Mulvaney’s interactions w... Read more »

Waters Statement on Regulators’ Enforcement Action Against Wells Fargo

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Today, in response to the announcement that the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency will each impose a $500 million penalty against Wells Fargo for its auto insurance and mortgage lending abuses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “Wells Fargo has a terrible trac... Read more »

Waters Introduces Bill to Prevent Foreclosures on FHA Borrowers

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Tags: CFPB, HUD

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced legislation that would help prevent foreclosures for the Federal Housing Administration’s (FHA) borrowers by strengthening requirements for and increasing oversight of FHA mortgage servicers so that every homebuyer with an FHA mortgage is given a fair chance at avoiding foreclosure. “... Read more »

Waters: Mulvaney’s Presence at the Consumer Bureau Compromises Independence of the Agency

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full committee hearing entitled “The 2018 Semi-Annual Report of the Bureau of Consumer Financial Protection.” As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, let me say at the outset that Mr. Mulvaney is not the Acting Director of the Consumer Financia... Read more »

Waters Statement in Opposition to Bill That Would Help Megabanks and Predatory Lenders Escape Accountability

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4545, a bill that makes it more likely that bad actors, including megabanks and predatory lenders, would avoid or delay accountability when they break federal law. As Prepared for Delivery Mr. Speaker, H.R. 4545 is yet another harmful bill that ... Read more »

At Markup of Budget Views, Waters Blasts Harmful Republican Agenda

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full Committee markup to consider the Majority's Views and Estimates on the Budget for FY 2019: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, Committee Democrats are committed to advancing policies that create shared prosperity and economic opportuni... Read more »

Waters Statement in Opposition to Bill that Eases Rules for Megabanks and Predatory Lenders

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4607, a bill that directs regulators, including the Consumer Financial Protection Bureau, to dismantle rules considered inconvenient by the financial services industry despite the harm it may cause consumers or the economy. As Prepared for Deliv... Read more »

Waters Leads Letter Signed by 53 Democrats Demanding Answers on Mulvaney’s Efforts to Weaken the Consumer Bureau’s Office of Fair Lending and Equal Opportunity

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services spearheaded a letter to Acting Consumer Financial Protection Bureau (Consumer Bureau) Director Leandra English and Director of the Office of Management and Budget Mick Mulvaney, questioning Mulvaney's recent decision to reorganize the Office of Fair Lending and Equal Opportunity (OFLEO) and strip it of... Read more »



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