Waters Statement on Capital One Data Breach

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement on a data breach which exposed account information of over 100 million Capital One customers. “This data breach shows that it’s not just big technology companies and credit reporting agencies like Equifax that are vulnerable to hacking and data breaches – big banks are... Read more »

At Subcommittee Hearing, Water’s Presses ICE Official on Agency’s Role in Human Rights Abuses Occurring on the Border

| Posted in Press Releases

Today, at a Terrorism and Illicit Finance Subcommittee hearing entitled “Illicit Use of Virtual Currency and the Law Enforcement Response,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement: As Prepared for Delivery Thank you for scheduling today’s hearing to examine the illicit uses of virtual currency and the law enforcement r... Read more »

Committee Democrats to Hold Hearing on Equifax and Credit Reporting Failures

| Posted in Press Releases

On Wednesday, October 25, 2017, House Financial Services Committee Democrats will lead an additional hearing to examine the massive data breach that occurred at Equifax, and to consider and discuss ideas for ensuring the integrity of our country’s consumer reporting system and safeguarding consumer data. The hearing, referred to as a “Minority Day Hearing,” is the second hearing before the Financi... Read more »

Waters Urges Strong Federal Floor in Setting Data Security Standards

| Posted in Press Releases

At today’s Financial Services committee hearing on data security breaches, Ranking Member Maxine Waters (D-CA) cautioned lawmakers to ensure that any Congressional effort to set national enforcement and notification standards provide a strong federal minimum, ensure flexibility for states to build on those minimum standards and avoid hamstringing their ability to adapt and strengthen them as new t... Read more »

Waters’ Statement on the President’s Data Security Initiative

| Posted in Press Releases

Following President Obama’s announcement of a new initiative designed to provide consumers with more tools to assist victims of identity theft, improve the government’s payment security, and accelerate the transition to stronger security technologies, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released the following statement of support: “I hope the steps anno... Read more »

J.P. Morgan Data Breach Draws Scrutiny From State Attorneys General

| Posted in In Case You Missed It

Two state attorneys general say they have been in contact with J.P. Morgan Chase & Co. about a recent cyberattack in which the personal information for 76 million households was compromised. Among the issues being scrutinized is whether the bank alerted customers quickly enough about the breach, according to people familiar with the matter. The office of Connecticut Attorney General George Jepsen ... Read more »

Rep. Waters: ‘Congress Must Move’ on Hacking Protections

| Posted in In Case You Missed It

The top Democrat on the House Financial Services Committee is calling for Congress to pass cybersecurity legislation in response to the massive security breach at JPMorgan Chase. “The massive data breach announced yesterday at JPMorgan Chase serves as a pressing reminder that more must be done to strengthen data security across the financial system and protect consumers’ sensitive financial and ot... Read more »

Waters Statement on JP Morgan Data Breach

| Posted in Press Releases

Following yesterday’s announcement that the recent data breach at JP Morgan compromised contact information for about 76 million households and 7 million small businesses, Congresswoman Maxine Waters (D-CA) Ranking Member of the Financial Services Committee, today released the following statement, expressing concern and calling on Committee Republicans to make the issue an immediate priority: “The... Read more »

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