Department of Justice

Waters Statement on Reports That Deutsche Bank has Been Subpoenaed by Special Counsel Mueller

| Posted in Press Releases

Today, in response to reports that Special Counsel Robert Mueller has subpoenaed Deutsche Bank for records relating to President Trump and his family, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “I am pleased to see reports that Special Counsel Mueller is following the Trump money trail, as I have always believed it is th... Read more »

Waters Requests Information on Status of Deutsche Bank Investigation from Rosenstein

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, wrote to Deputy Attorney General Rod Rosenstein to request information on the status of the Department of Justice’s investigation into Deutsche Bank’s Russian mirror trading scheme, Attorney General Session’s involvement in the investigation, and whether President Trump or his family members or associ... Read more »

Waters Statement at Committee Markup of Resolution to Follow Trump Money Trail

| Posted in Press Releases

Today, at a full Financial Services Committee markup of five bills, the Committee will consider Committee Democrats’ Resolution of Inquiry, which directs Treasury Secretary Mnuchin to provide Congress with documents on the financial dealings of President Trump, his family members, and his associates. In her opening statement, Congresswoman Maxine Waters (D-CA), Ranking Member of Financial Services... Read more »

Waters to Sessions: Recuse Yourself from Any Investigations into Deutsche Bank Russian Mirror Trading and Trump Loans

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, wrote to Attorney General Jeff Sessions demanding his immediate recusal from any Department of Justice investigation into Deutsche Bank’s Russian mirror trading scheme and any investigation into any loans Deutsche Bank provided to President Trump or his immediate family members. Ranking Member W... Read more »

Waters and Green to Hensarling: Probe Trump Admin Investigations of OneWest Bank

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, and Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, sent a letter to Committee Chairman Jeb Hensarling, calling on him to use the Committee’s full range of its investigative powers to examine the high potential for conflicts of interest with regard to t... Read more »

Committee Dems Call on Hensarling to Investigate Deutsche Bank’s Russian Money-Laundering Scheme, Trump Administration Ties to Russia

| Posted in Press Releases

In a letter to Chairman Hensarling, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congressman Ed Perlmutter (D-CO), Ranking Member of the Subcommittee on Terrorism and Illicit Finance, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight... Read more »

Waters Calls for HUD, DOJ to Release OneWest Investigation Documents

| Posted in Press Releases

Following her statement denouncing President-elect Trump’s nomination of Steve Mnuchin as Treasury Secretary, Congresswoman Maxine Waters (D-CA) called on the Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) to immediately release documents pertaining to investigations into any fraudulent or discriminatory activities committed by Mnuchin’s bank, OneWest. Congre... Read more »

Waters, Ranking Financial Services Democrats Call On Inspectors General to Hold Trump Administration Accountable

| Posted in Press Releases

Today, top Democrats on the House Financial Services Committee sent a letter to Inspectors General at federal financial services agencies, the Department of Housing and Urban Development, and the Department of Justice, calling on them to root out any potential conflicts of interests in President-elect Donald Trump’s administration. Led by Ranking Member Maxine Waters (D-CA), the letter was also si... Read more »

Waters to DOJ: Don’t Let Big Banks Off the Hook

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, sent a letter urging the Department of Justice to pursue prosecution of HSBC employees over alleged financial crimes related to money laundering. Waters opposed the approach the Justice Department took in 2012 when allegations surfaced that HSBC failed to prevent money laundering by international d... Read more »

Waters Applauds HUD & DOJ Award to Los Angeles for Housing Reentry Assistance

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, applauded an announcement today from the Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) that it will award $100,000 to the Housing Authority of the City of Los Angeles (HACLA) through DOJ’s Juvenile Reentry Assistance Program (JRAP). HACLA has partnered with Public C... Read more »

Waters: Banks that Break the Law Don’t Deserve a “Get out of Jail Free” Card

| Posted in Press Releases

In remarks on the House floor today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, led Democrats in opposition to H.R. 766, the so-called “Financial Institution Customer Protection Act of 2015”, a dangerous measure that would severely limit the Justice Department’s ability to investigate and prosecute bank fraud. In her remarks, Waters underscored that ... Read more »

Waters and Senior House Democrats Call for Federal Investigation of Warren Buffett’s Manufactured Housing Conglomerate

| Posted in Press Releases

Ranking Member Maxine Waters (D-CA) and Representatives Keith Ellison (D-MN), Emanuel Cleaver (D-MO), and Michael Capuano (D-MA) are calling for a joint Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB) investigation in response to the Seattle Times and Buzzfeed News’ investigative series concerning allegations of discriminatory lending and collection practices by Warren ... Read more »

Big Banks and America's Broken, Two-Tiered Justice System

| Posted in In Case You Missed It

In February, federal prosecutors began a 90-day examination to determine whether to bring cases against individuals for their role in the 2008 financial crisis. The deadline for that inquiry passed last month, with the Justice Department failing to hold any individuals accountable for their crimes. Instead, the DOJ announced that it would allow five megabanks to plead guilty to felony fraud charge... Read more »

Waters Statement on Five Banks’ Guilty Pleas

| Posted in Press Releases

Following guilty pleas by five of the largest banks to criminal violations, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, expressed her disappointment with the Department of Justice’s failure to hold any individuals criminally accountable. In addition, Waters expressed her concern with reports that the Securities and Exchange Commission (SEC) will allow these ban... Read more »

Waters Leads Congressional Delegation in Calling for Investigation of JPMorgan Chase for Excessive Energy Charges to California

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee and 13 Members of the California Congressional Delegation, released the following letter yesterday to Attorney General Eric Holder calling for the U.S. Department of Justice to investigate JPMorgan Chase, the nation’s largest bank, for alleged fraudulent schemes that resulted in $83 million in overcharges to Mich... Read more »

Waters Calls for Aggressive Prosecution of Financial Institutions Involved in Drug Money Laundering

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, lit up a committee hearing Wednesday by calling for aggressive prosecution of financial institutions involved in the laundering of illegal drug money. The hearing, held by the Oversight and Investigations Subcommittee of the House Committee on Financial Services, focused on the question of whether large financia... Read more »

Ranking Member Waters Commends Enforcement Actions by DOJ Encourages Further Steps

| Posted in Press Releases

Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today released a letter to Attorney General Eric Holder commending recent work by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and banking regulators in investigating and prosecuting wrongdoing related to LIBOR manipulation, money laundering and violations of the Bank Secrecy... Read more »

Ranking Member Waters’ Statement on DOJ Suit Against S&P Rating Services

| Posted in Press Releases

Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today released the following statement in response to the announcement by the Department of Justice that it has filed a civil suit against Standard & Poor’s Rating Services (S&P): “I want to commend the Justice Department for taking long overdue action to hold S&P accountable for its conduct leading up to the 20... Read more »



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