News List

Waters Statement in Opposition to Bill that Undermines Pension Funds’ Efforts to Hold Corporations Accountable

| 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. 4015, a bill that would undermine sound corporate governance: Mr. Speaker, H.R. 4015, the so-called Corporate Governance Reform and Transparency Act, would create an untested, inappropriate, and burdensome regulatory framework for proxy advisory... Read more »

Waters Statement in Opposition to Bill that Rolls Back Important Dodd-Frank Rules for Large Banks

| 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. 3312, a bill that would deregulate some of the largest banks: Mr. Chairman, I rise in strong opposition to H.R. 3312, the Systemic Risk Designation Improvement Act. At a time when big banks are doing very well and the industry made record profi... Read more »

Waters Statement in Opposition to Bill to Reduce Consumer Privacy Protections

| 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. 2396, a bill that would reduce requirements for financial institutions to provide privacy notices to their customers: As Prepared for Delivery I rise today to speak in opposition to H.R. 2396, the “Privacy Notification Technical Clarification Ac... Read more »

Waters Statement in Opposition to Second Republican Bill to Undermine the Iran Nuclear Deal

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement in opposition to H.R. 4324, a bill which would undermine the Iran nuclear deal: As Prepared for Delivery H.R. 4324, the Strengthening Oversight of Iran’s Access to Finance Act, would impose a new and unilateral certification requirement on the Administration in order... Read more »

Waters Statement in Opposition to Bill that Undermines the Iran Nuclear Deal

| 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. 1638, a bill that would undercut the viability of the Iran nuclear deal: As Prepared for Delivery The legislation before us now, H.R. 1638, the Iranian Leadership Asset Transparency Act, represents what the Republican majority has become very go... Read more »

Waters Floor Statement in Opposition to Bill to Remove Consumer Protections for Mortgages

| 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. 3971, a bill that would allow mortgage servicers to drop important consumer protections put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act: As Prepared for Delivery I rise today in opposition to H.R. 3971. Contrary to ... 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, Brown and Green Statement on GAO Report on Management Representation of Minorities and Women and Diversity Practices in the Financial Services Industry

| Posted in Press Releases
Tags: GAO

Today, following the public release of a Government Accountability Office (GAO) report entitled “Financial Services Industry: Trends in Management Representation of Minorities and Women and Diversity Practices, 2007-2015,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking,... Read more »

Waters and Ranking Members Press Mnuchin to Provide Documents on Trump’s and Trump Associates’ Financial Ties to Russia

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Dan Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, and Congressman ... Read more »

Waters Floor Statement on the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement on H.R. 477, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017: H.R. 477 seeks to provide a statutory exemption from registration with the Securities and Exchange Commission, or S.E.C., for certain brokers who facilitate ... Read more »

Waters: GAO Report is More Evidence That Regulators Need to Get Tougher on Megabanks

| Posted in Press Releases

Today, following the Government Accountability Office’s (GAO’s) release of a report entitled “Large Bank Supervision: Improved Implementation of Federal Reserve Policies Could Help Mitigate Threats to Independence,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “This report is yet more evidence that the Federal Reserve and ... 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 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 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 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 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 Statement on OCC Letter to Wells Fargo

| Posted in Press Releases

Today, in response to reports that the Office of the Comptroller of the Currency sent a letter to Wells Fargo stating that it is considering an enforcement action against the bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “The time for letters of warning to Wells Fargo has long since passed. This is a bank that has dem... Read more »

Waters: Leandra English is the Lawful Director of the Consumer Bureau

| Posted in Press Releases

In response to a U.S. District Court judge’s decision to deny Leandra English’s initial motion for a temporary restraining order against the Trump Administration for attempting to install White House Office of Management and Budget Director Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial ... 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 »

Waters Floor Statement in Opposition to the 21st Century Flood Reform Act

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement in opposition to the H.R. 2874, the 21st Century Flood Reform Act: As Prepared for Delivery I rise today in opposition to H.R. 2874, legislation that will make flood insurance more expensive, less available, and less fair for consumers. At the outset, let me just say... Read more »

Waters Opening Statement at Markup of 23 Bills

| Posted in Press Releases

Today, at a House Financial Services Committee markup of 23 bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, I must admit I’m disappointed that the Committee is moving forward today with marking up a large number of bills that could be harmful to co... Read more »

Waters Floor Statement Opposing Legislation to Weaken Investor Protections for Microcap Offerings

| 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. 2201, the Micro Offering Safe Harbor Act: As Prepared for Delivery Mr. Speaker, H.R. 2201 would create an unnecessary and potentially dangerous loophole in federal and state securities laws by allowing companies to sell unregistered securities w... Read more »

Waters Opening Statement at Subcommittee Hearing on Treasury’s Role in Safeguarding the American Financial System

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement at a Subcommittee on Terrorism and Illicit Finance hearing entitled “Financial Intelligence and Enforcement: Treasury’s Role in Safeguarding the American Financial System.” As Prepared for Delivery Thank you, Mr. Chairman and welcome, Under Secretary Mandelker. Tod... Read more »



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