CFPB

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

| Posted in Press Releases
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

| Posted in Press Releases
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

| Posted in Press Releases

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

| Posted in Press Releases
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

| Posted in Press Releases

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

| Posted in Press Releases
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

| Posted in Press Releases
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

| Posted in Press Releases

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

| Posted in Press Releases
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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases
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 »

Waters: Trump Budget Would Harm Consumers, Open the Door to Another Financial Crisis

| Posted in Press Releases

Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent another finan... Read more »

Waters Applauds Court Decision Reaffirming the Independence of the Consumer Financial Protection Bureau

| Posted in Press Releases

Today, in response to a decision by the full U.S. Court of Appeals for the District of Colombia Circuit upholding the constitutionality of the structure of the Consumer Financial Protection Bureau (Consumer Bureau), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “Today, the full U.S. Court of Appeals for the District of Colo... Read more »

Waters: Mulvaney is Starving the Consumer Bureau of Resources and Reducing Protections for America’s Consumers

| Posted in Press Releases
Tags: CFPB

This week, the Consumer Financial Protection Bureau announced it will: Help out predatory payday lenders by reconsidering the sensible and much-needed rule on payday, vehicle title, and certain high-cost installment loans. Launch a review of all “activities” of the Consumer Bureau by publishing a series of Requests for Information (RFIs) in the Federal Register. RFIs are a beginning step by federa... Read more »

Waters Statement on Mulvaney’s Decision to Help Out Predatory Payday Lenders

| Posted in Press Releases
Tags: CFPB

Today, in response to the Consumer Financial Protection Bureau’s announcement that it will reconsider the sensible and much needed rule on payday, vehicle title, and certain high-cost installment loans, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “The Trump Administration has struck again as it continues efforts to roll b... Read more »

Waters and 36 Current and Former Members of Congress File Amicus Brief in Support of Acting CFPB Director Leandra English

| Posted in Press Releases
Tags: CFPB

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 36 current and former Democratic Members filed an amicus brief with the D.C. Circuit Court of Appeals, arguing that Consumer Financial Protection Bureau Deputy Director Leandra English should serve as Acting Director of the Consumer Bureau until a Director is confirmed by the Senate. The brief supp... Read more »

Waters Slams Effort to Use Congressional Review Act to Repeal Payday Lending Rule

| Posted in Press Releases
Tags: CFPB

Today, in response to the introduction of a resolution to use the Congressional Review Act to repeal the Consumer Financial Protection Bureau’s recently issued rule on payday, vehicle title, and certain high-cost installment loans, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “Once again, Republicans are shamelessly pushin... Read more »

Waters Statement in Opposition to Senate Bill to Weaken Key Dodd-Frank Reforms

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement in opposition to S.2155, a bill that would roll back important reforms put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act: “This bill simply repackages harmful provisions from Chairman Hensarling’s Wrong Choice Act, and it must not become l... Read more »

Waters Floor Statement in Opposition to Bill to Remove Protections for Manufactured Housing Consumers

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 1699, a bill that would remove important protections for consumers of manufactured housing: As Prepared for Delivery Thank you Mr. Chairman. I rise today in opposition to H.R. 1699, which would undermine the Dodd-Frank Wall Street Reform and Con... Read more »

Waters and 25 Democratic Members File Amicus Brief in Support of Acting CFPB Director Leandra English

| Posted in Press Releases
Tags: CFPB

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 25 current and former Democratic Members filed an amicus brief today with the D.C. Circuit Court of Appeals, arguing that Consumer Financial Protection Bureau Deputy Director Leandra English should serve as Acting Director of the Consumer Bureau until a Director is confirmed by the Senate. “Preside... Read more »

Waters Statement on Trump’s Attempt to Install Mick Mulvaney as Acting CFPB Director

| Posted in Press Releases

Today, in response to President Trump’s attempt to appoint Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “Richard Cordray appointed Leandra English as Deputy Director of the Consumer Bureau to ensure a smooth transition and operational st... Read more »

Waters Thanks Richard Cordray for His Outstanding Service as CFPB Director

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement in response to Consumer Financial Protection Bureau Director Richard Cordray’s announcement that he will step down this month: “Richard Cordray is a true champion for American consumers. Under his outstanding leadership, the Consumer Bureau has made the financial marketpla... Read more »



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