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Waters Leads Letters Calling on Regulators and Financial Institutions to Protect Americans and the Financial System from Impact of Coronavirus

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, led six letters to Administration officials, prudential regulators, financial services organizations and credit reporting agencies expressing concerns about risks related to coronavirus disease 2019 (COVID-19) and the steps they are taking to prevent Americans and the financial system from…

Committee Passes Major Housing and Capital Markets Legislation to Support Hardworking Americans

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Tags: SEC, FHA, HUD, Budget

Today, the House Financial Services Committee passed seven bills to benefit consumers, investors and the economy. The bills passed by the Committee include: H.R. 149, the Housing Fairness Act, a bill introduced by Congressman Al Green (D-TX), Chairman of the Subcommittee on Oversight and Investigations, which would authorize increased funding for the Department of Housing and…

Waters Statement on 2019 Homeless Assessment Report to Congress

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the Department of Housing and Urban Development’s (HUD) 2019 report which highlights the rise in homelessness in this country. “HUD’s Annual Homeless Assessment Report to Congress only confirms what we already know. There is a devasting homelessness crisis…

Waters Statement on Trump Administration Proposal to Roll Back Fair Housing Protections

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the Trump Administration’s proposal to replace the Affirmatively Furthering Fair Housing (AFFH) rule issued under President Obama with a much weaker rule. “This proposed Affirmatively Furthering Fair Housing (AFFH) rule is yet another attack on fair…

Waters Continues Fight Against HUD’s Attacks on Fair Housing

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, blasting the agency’s delayed release of the Notice of Funding Availability for fiscal year 2019 (FY19) funding for the Fair Housing Initiatives Program (FHIP). "Last year, our…

Committee Majority Slams Carson’s Proposal to Gut the Fair Housing Act

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Committee Democrats wrote a letter to Ben Carson, Secretary of the Department of Housing and Urban Development, blasting the agency’s proposed changes to the disparate impact standard under the Fair Housing Act, which would make it harder for everyday Americans who find…

Waters Introduces Legislation to Invest in America’s Housing Infrastructure

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R.5187, the Housing is Infrastructure Act of 2019, a bill to provide the necessary funding to improve the nation’s housing infrastructure and create jobs across the country. “We are in the midst of a housing affordability crisis across the country, caused in part by the lack of…

Waters to Carson: Stop Whining and Start Working

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement regarding a letter from HUD Secretary Ben Carson: “Ben Carson is like a duck out of water and has been a complete failure at HUD. His basic philosophy is antithetical to his duties and HUD’s mission, and reports show he doesn’t spend much time at his job. HUD…

Waters, Tlaib and Pressley Blast HUD for Ignoring Low-Income Tenants Seeking to Save Their Homes

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Tags: HUD

 Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Rashida Tlaib (D-MI) and Congresswoman Ayanna Pressley (D-MA) wrote a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), to express concerns regarding the agency’s proposed National Standards for the Physical Inspection of Real…

Committee Passes Legislation to Crack Down on Predatory Debt Collectors and Support Veterans and Servicemembers

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Tags: CFPB, HUD

Today, the House Financial Services Committee passed eight bills to help veterans experiencing homelessness, protect servicemembers from harassment by debt collectors, and prevent predatory debt collection practices to help consumers and small businesses. See the Chairwoman’s opening statement here and the legislation below. The Ending Debt Collection Harassment Act of 2019…

Waters Opening Statement at Committee Markup of Bills to Protect Servicemembers and Prevent Predatory Debt Collection Practices

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup of bills to help veterans experiencing homelessness, protect servicemembers from harassment by debt collectors, and crack down on predatory debt collection practices to help consumers and small businesses As Prepared for…

Waters Announces November Hearings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of November: November 13 at 10:00 AM: The Subcommittee on National Security, International Development, and Monetary Policy will convene for a hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development…

Waters to Trump: Your Shamelessness Knows No Bounds

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Donald J. Trump, President of the United States, taking him to task for his harmful homelessness proposals. “From day one of your presidency, you have attacked our democracy and now you have set your ire on the 550,000 Americans who on any given night experience…

Waters Slams Trump’s Record on Housing, Outlines Long-Standing Democratic Housing Finance Reform Principles at Hearing with Mnuchin, Carson and Calabria

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee hearing entitled, “The End of Affordable Housing? A Review of the Trump Administration’s Plans to Change Housing Finance in America.” As Prepared for Delivery Today we are here to discuss the impact of the Trump Administration’s housing…

Waters Statement on HUD’s Move to Weaken Protections Against Housing Discrimination

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement condemning the U.S. Department of Housing and Urban Development’s (HUD) proposal to weaken a key aspect of the Fair Housing Act, the disparate impact standard, under which defendants can be held liable for policies or practices that have a discriminatory impact…

Waters and Plaskett Urge HUD to Reconsider Exclusion of Virgin Islands from Disaster Relief Funding

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Stacey Plaskett (D-VI) and 10 Members of Congress sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, blasting the agency’s recent announcement that it would release Community Development Block Grant Disaster Recovery…

Waters Statement on CFPB Student Loan Ombudsman Announcement

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Following the announcement that Robert Cameron, former head of compliance and risk mitigation at the Pennsylvania Higher Education Assistance Agency (PHEAA/FedLoan Servicing), will serve as the Private Education Loan Ombudsman at the Consumer Financial Protection Bureau (CFPB), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following…

Waters Statement on GAO Report Confirming Concerns About HUD’s Distressed Asset Stabilization Program

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement on a Government Accountability Office (GAO) report entitled, “Federal Housing Administration: Opportunities Exist to Improve Defaulted, Single-Family Loan Sales.” (GAO-19-228). The GAO report was requested in 2016 by Chairwoman Waters to ensure the Federal Housing…

House Passes Seven Financial Services Bills

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On Tuesday, the U.S. House of Representatives passed the following bills, offered by House Financial Services Committee Members, and managed on the House floor by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee. H. Res. 456, Emphasizing the Importance of State Regulators, a bipartisan resolution emphasizing the investor protection and…

Committee Passes Legislation to Protect Residents of HUD-Subsidized Housing from Carbon Monoxide

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Today, the House Financial Services Committee, held a markup of H.R. 1690, the Safe Housing for Families Act of 2019, legislation that protects residents of public housing from carbon monoxide poisoning. This legislation, introduced by Rep. Chuy Garcia (D-IL), would authorize $300 million over three years to fund the installation and maintenance of carbon monoxide detectors in…

Committee Passes Legislation to Protect Housing Rights, Reform National Flood Insurance Program and Strengthen the Financial System

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This week, the House Financial Services Committee, held a markup of eight bills to make homeownership more affordable and sustainable, reverse harmful actions Trump Administration appointees have taken at the U.S. Department of Housing and Urban Development (HUD), reauthorize and reform the National Flood Insurance Program (NFIP), and crack down on the illicit use of the financial…

Waters Opening Statement at Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup of eight bills to strengthen housing protections, crack down on illicit finance activities and reform the National Flood Insurance Program. As Prepared for Delivery Today, this Committee convenes for a markup of eight…

Committee Democrats Fact-Check Secretary Carson’s Committee Testimony

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This week, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Benjamin Carson entitled, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” Committee Democrats asked questions about many of the Secretary’s harmful actions at HUD that he repeatedly answered inaccurately. Read below for a list of the top…

Waters Presses Carson on His Long List of Harmful Housing Proposals

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Tags: HUD

Today, at a full Committee hearing with U.S. Department of Housing and Urban Development Secretary Benjamin Carson entitled, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Today, this…

Waters, Garcia and 21 Committee Democrats Condemn Carson’s Cruel Proposal to Evict Mixed-Immigration Status Families

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Tags: HUD

On Friday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Sylvia Garcia (D-TX), and 21 Committee Democrats sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), demanding that he withdraw his senseless proposal to terminate housing benefits for mixed-immigration status families who…

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