Wealth Gap

Waters to GOP: You Don’t Really Care about Poverty

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, issued the following statement on House Republicans’ harmful plan that would exacerbate poverty in this country: “Today, Republicans have unveiled a fake poverty program that shows, yet again, they are out of touch with the realities of poverty in America. This is nothing more than a weak attempt b... Read more »

Rep. Waters, Tri-Caucus Release Staff Report on Federal Financial Services Agencies’ Workforce Diversity Efforts

| Posted in Press Releases

Federal financial services agencies have yet to reflect the racial and ethnic diversity of the American population in their workforces – this according to a Democratic Financial Services Committee staff report released during a press conference today led by Rep. Maxine Waters (D-CA), Ranking Member of the Financial Services Committee. Senior Democratic Members in attendance included the Chairs of ... Read more »

Racial Disparities Present at Most Bank Regulators, Democrats Allege

| Posted in In Case You Missed It

The Consumer Financial Protection Bureau is not alone in having racial disparities in its performance reviews, according to a report issued Thursday by the Democrats on the House Financial Services Committee. The report found that all seven bank, credit union and market regulators displayed significant disparities in employee evaluations, particularly among African-Americans who received lower-tha... Read more »

*** MEDIA ADVISORY*** Waters, Tri-Caucus to Release Committee Democratic Staff Report on Diversity at Financial Services Agencies

| Posted in Press Releases

On Thursday, November 5, 2015 at 10:00 a.m., Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, will join representatives and chairs of the tri-caucus to unveil a report, highlighting federal financial services agencies’ current compliance with federal diversity provisions, trends in performance review evaluations and workforce diversity throughout these age... Read more »

Dems offer resolution establishing wealth gap as a national problem

| Posted in In Case You Missed It

Rep. Maxine Waters (Calif.) and 52 other Democrats have introduced a measure making Congress formally recognize the widening wealth gap in America. Waters, the top Democrat on the House Financial Services Committee, said that rising income inequality should be a top concern of Congress. "We cannot sit idly by and expect things to change," Waters said on the House floor. "The first step to resolvin... Read more »

At Yellen Hearing, Waters Seeks Answers on the Wealth Gap

| Posted in Press Releases

In opening remarks during today’s semi-annual Humphrey-Hawkins hearing with Federal Reserve Chair Janet Yellen, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, touted the effectiveness of the Federal Reserve’s post-crisis monetary policy and outlined the remaining work left to do to close the wealth gap – which has been exacerbated by the devastating e... Read more »

Financial Services Democrats Challenge GOP Views on Inequality Issues

| Posted in Press Releases

Over the course of a two-day markup of Republican fiscal year 2016 budgetary priorities in the financial services sector, Financial Services Committee Democrats fought back against a Republican effort to eliminate taxpayer protections and undermine the social safety net. Led by Ranking Member Maxine Waters (D-CA), Democrats fiercely opposed rampant mischaracterizations of critical federal agencies... Read more »

Waters: GOP Budget Ignores Inequality and the Racial Wealth Gap

| Posted in Press Releases

In a highly charged meeting of the Financial Services Committee to consider the fiscal year 2016 “Budget Views and Estimates” Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, chastised Committee Republicans for putting forth a budget that fails to provide real solutions that will address the problems of income inequality, the racial wealth gap, slow wage grow... Read more »

At Hearing, Waters Commends FHFA Director For Expanding Housing Opportunities

| Posted in Press Releases

In advance of testimony by Federal Housing Finance Agency (FHFA) Director Mel Watt before the House Financial Services Committee, Ranking Member Maxine Waters (D-CA) commended the Agency’s efforts to ensure that America’s housing market remains affordable and works for everyone. At a hearing to receive an “An Update from the Director of the Federal Housing Finance Agency,” which is charged with ov... Read more »

Waters Outlines Democratic Priorities during Oversight Markup

| Posted in Press Releases

In remarks at the Financial Services Committee markup of its Oversight Plan, which is required by House rules to outline Committee work during the 114th session of Congress, Ranking Member Maxine Waters underscored some of her top priorities for the coming two years. Acknowledging a modest departure from the more contentious oversight plan of the 113th Congress, the Ranking Member highlighted area... Read more »

Waters Joins Civil Rights Groups in Leading a Coalition in Fight Against Legal Attempts to Undercut Disparate Impact

| Posted in Press Releases

As 2014 came to a close, Financial Services Committee Ranking Member Maxine Waters (D-CA) joined with the American Civil Liberties Union (ACLU), the National Fair Housing Alliance (NFHA) and 22 other current and former lawmakers to support a doctrine that for years has been used to end discriminatory practices that create barriers to housing based on race, color, national origin, religion, sex, fa... Read more »

Waters: Republican Spending Bill Ignores those Most in Need

| Posted in Press Releases

Following the House of Representatives’ approval of a measure to fund the nation’s housing and transportation programs, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, blasted Republicans for undercutting a number of important programs that protect our nation’s seniors, veterans, families and persons with disabilities. Waters criticized House Republicans for dramat... Read more »

Waters Calls for a Focus on Promoting Growth and Reducing Income Inequality

| Posted in Press Releases

In today’s Financial Services Committee hearing on “Why Debt Matters,” Ranking Member Maxine Waters (D-CA), underscored the importance of promoting growth and reducing income inequality through short-term increases in discretionary fiscal stimulus in order to reduce the nation’s debt and deficit. In her remarks, Waters criticized austerity measures such as the Sequester for impeding economic growt... Read more »

Waters Discusses Growing Income Inequality

| Posted in Press Releases

At today’s Financial Services Committee hearing with Secretary Jack Lew, Ranking Member Maxine Waters discussed the issue of growing income inequality and called for action by increasing the minimum wage, extending unemployment insurance, and providing trade adjustment and other assistance for those in the U.S. clustered in the low-skill end, who are disadvantaged by globalization. She delivered t... Read more »

Leading House Democrat Speaks Out On Globalization, Inequality, and Reform Of International Financial Institutions

| Posted in Press Releases

As the keynote speaker today at the launch of a civil society report on global financial governance, Congresswoman Maxine Waters discussed the challenges of globalization, the importance of the international financial institutions, and the problem of growing inequality in both advanced and some emerging market countries. In a speech that touched upon a range of issues related to the World Bank and... Read more »



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