Consumer Protection
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LOS ANGELES – Today, Congresswoman Maxine Waters (CA-43), Ranking Member of the Committee on Financial Services, released the following statement on the fiftieth anniversary of the Higher Education Act:
"Fifty years ago, President Lyndon B. Johnson signed into law the Higher Education Act (HEA) of 1965 – a landmark piece of legislation that decades later is still opening doors for students all across our country."
WASHINGTON – Today, Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, introduced the Students Before Profits Act, a bill recently introduced in the United States Senate by Senators Christopher Murphy and Richard Durbin, and co-sponsored by Senators Elizabeth Warren, and Sherrod Brown. This legislation protects students against deceptive practices by predatory for-profit institutions of higher education.
By Zachary Warmbrodt
When Federal Reserve Chair Janet Yellen visited Cleveland in July, Ohio Sen. Sherrod Brown accompanied her at a couple of events and used the opportunity to make a suggestion: Be cautious about hiking interest rates.
LOS ANGELES -- Yesterday, Congresswoman Maxine Waters and her fellow California Delegation Democrat colleague, Karen Bass, joined in sending a letter to the California State Senate President pro Tempore, Kevin de Leon and the Speaker of the California Assembly, Toni Atkins, urging them to support legislation that will impose a moratorium on the Ellis Act, a California law that is increasingly being abused to evict hundreds of veterans, elderly persons, and families.
By Joe Adler
WASHINGTON — Too little, too late.
That is how some consumer groups and lawmakers describe new federal guidelines meant to encourage banks and other financial companies to hire, promote and properly treat racial minorities and other historically disadvantaged groups.
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.
As ranking member of the House Committee on Financial Services, I've spent the years since the financial crisis trying to provide relief to Americans devastated by the plague of home foreclosures.
It's been challenging work. Programs the government put in place to aid borrowers often were insufficient, hard to understand and needlessly complex. Though the process created many problems, one silver lining is that we've learned important lessons about how government can more effectively help individuals victimized by predatory practices in the financial marketplace.
Originally appeared on Medium.
Pamela Hunt started working when she was just 14 years old. She's now a 55-year-old home health care worker in Ledyard, Connecticut, and is the mother of eight children. Like so many Americans, she boldly decided to go back to school after long desiring a career change.
By Peter Eavis
Waters Statement on the President's Budget Request
WASHINGTON, D.C. – Following the release of President Obama's fiscal year 2016 budget request, Congresswoman Maxine Waters (D-CA) Ranking Member of the Financial Services Committee, and member of the Democratic Steering & Policy Committee, applauded the President for including a number of important spending increases for HIV/AIDS programs, Alzheimer's research and for the government agencies that are charged with policing Wall Street.