Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing this week entitled, “When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.” The hearing kicked off with a historic testimony from Barbados Prime Minister, Mia Amor Mottley, on the harmful effects of de-risking and import... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services introduced H.R. 8833, the “Making Communities Stronger Through the Community Reinvestment Act.” This transformative piece of legislation is a part of Chairwoman Waters’ continuing efforts to root out discrimination in our modern-day banking system and close the racial wealth and homeownership gaps by... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the September 21, 2022, full Committee hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” The hearing witnesses include: Andy Cecere, Chairman, President, and Chief Executive Officer, U.S. Bancorp William Dem... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.” I would like to welcome the Prime Minister of Barbados, the Honorable Mia Amor Mottley, to the Financial Services Com... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September: POSTPONED -Thursday, September 8 at 12 p.m. ET: The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a virtual hearing entitled, “Accounting Standards in the 21st Century.” Wednesday, September 14... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following floor speech on the Inflation Reduction Act: I rise in recognition of the very long and difficult negotiations that have taken place following the Build Back Better Act led by President Biden and the Democrats. I applaud the beneficiaries of the reconciliation bill in what is... Read more »

Following recent news that Equifax sent lenders inaccurate credit scores on millions of consumers, potentially resulting in consumer harm, such as being charged higher interest rates or wrongly having their credit applications denied, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Equifax and a letter to the CEOs of the nation’s largest c... Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, led a letter with 76 Democratic Members of the U.S. House of Representatives to the leaders of the Board of Governors of the Federal Reserve System (Fed), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC). The letter urges the regulators to consider carefully th... Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, Congressman Al Green (D-TX), Chairman of the Subcommittee on Oversight and Investigations, Congressman Bill Foster (D-IL), Chairman of the Task Force on Artificial Intelligence and Congressman Stephen Lynch (D-MA), Chairm... Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the Government Accountability Office (GAO) requesting that the agency conduct a review of the risks that seniors experiencing housing insecurity face and the federal programs that exist to prevent homelessness among this population. The request also urges the agency to identify racial and eth... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the House passage of “The Wildfire Response and Drought Resiliency Act,” which included her bill, H.R. 8483, “The Wildfire Insurance Coverage Study Act of 2022.” H.R. 8483 requires the Federal Emergency Management Agency (FEMA) and the Government Accountability Office (GAO) to conduct stud... Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, testified before the Senate Committee on Indian Affairs to call attention to the ongoing plight of Black Native American Freedmen and the violation of their rights to tribal citizenship promised through 1866 treaties with the Cherokee, Creek, Chickasaw, Choctaw, and Seminole Nations. Chairwoman Waters urge... Read more »

Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to strengthen oversight of our nation’s affordable housing and address the housing and homeless crises, put consumers in the driver’s seat to shape their financial futures and simplify bureaucratic processes to improve communities, here and around the world: H.R. 6889, the "Credit Union Board ... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the status of ongoing negotiations on the bipartisan stablecoin legislation: I want to thank the Ranking Member and his staff for working with me, my staff, Treasury, and key regulators on legislation that would better regulate stablecoins and require the Federal ... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee markup. Today, this Committee comes together for a markup of nine bills. These bills exemplify the hard work that each one of our members have dedicated to addressing urgent housing needs, protecting consumers, and taking other steps to help improve t... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee members successfully secured during this week’s House vote on suspensions: H.R. 7734, the “Timely Delivery of Bank Secrecy Act Reports Act” is a bill offered by Chairwoman Maxine Waters (D-CA) that preserves Congress’ ability to conduct oversight by requiri... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Housing in America: Oversight of the Federal Housing Finance Agency.” First, I’d like to extend my congratulations to Director Sandra Thompson, who has dedicated her career to promoting access to mortgage credit nationwide and prot... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released this statement following news that the 70,000 Emergency Housing Vouchers she secured in the American Rescue Plan have been distributed: “I am pleased to hear that many families in need or at risk of homelessness or fleeing domestic violence have been able to access the support they so desp... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Oversight and Investigations hearing entitled, “Thoughts and Prayers Are Not Enough: How Mass Shootings Harm Communities, Local Economies, and Economic Growth.” Thank you very much, Chairman Green. To Mayor Brown and all of the witnesses here today,... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “Oversight of the SEC’s Division of Enforcement.” Thank you, Chair Sherman, for holding this important hearing. Between last year’s “meme stock” events, the implosion of SPA... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the Fiscal Year 2023 National Defense Authorization Act (NDAA) — foundational legislation that supports our nation’s defense and national security. The law includes several priorities of Democratic Members of the Financial Services C... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “Better Together: Examining the Unified Proposed Rule to Modernize the Community Reinvestment Act.” Thank you, Chair Perlmutter, for holding this hearing on the regulatory proposal to ... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of July: Wednesday, July 13 at 10 AM ET: The Subcommittee on Consumer Protection and Financial Institutions will convene for a hybrid hearing entitled, “Better Together: Examining the Unified Proposed Rule to Modernize the Community Reinvestment Act.” T... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Task Force on Financial Technology hearing entitled, “Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned Fintechs.” Thank you so very much, Mr. Lynch. You know, Chair Lynch, this is a most important meeting that we’re having here to... Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market.” As we celebrate National Homeownership Month, we must recognize that homeownership is the primary driver of wealth for most families in ... Read more »