More on Consumer Protection
A top House Democrat is asking the Obama administration to keep the nation's financial regulations out of trade talks with the European Union.
Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, sent a letter on Tuesday to President Obama urging him to avoid a situation in the Transatlantic Trade and Investment Partnership (TTIP) negotiations that would undermine the Dodd-Frank financial rules.
Maxine Waters has settled into her new job. This term, the L.A. Congresswoman became the ranking Democrat on the powerful House Financial Services Committee. The appointment came after a three-year fight to clear her name on banking-related ethics charges.
Waters waited a long time for the position — 22 years. She says when she first came to Congress, "People were fleeing the old banking committee because of the [savings-and-loan] scandal and nobody wanted it."
Waters notes: "I stayed, I worked, I've learned, and I've earned the seniority."
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.
I rise to strongly oppose HR 1062. This bill places significant additional requirements for economic analysis by the Securities and Exchange Commission (SEC), effectively bringing any efforts at rulemaking to a standstill.
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today released a letter to Ben Bernanke, Chairman of the Federal Reserve, and Thomas Curry, Comptroller of the Currency, seeking additional, detailed information from the regulators about the termination of the Independent Foreclosure Review (IFR).
A senior House Democrat is pressing federal regulators for additional information as to why they shut down a foreclosure examination program.
Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, on Tuesday sent her second letter within the past few weeks asking regulators why they terminated the Independent Foreclosure Review (IFR) following a $9.3 billion settlement with 14 banks over shoddy foreclosures practices.
Anyone who has ever watched former Rep. Barney Frank at a hearing or give a speech knows that he is a tough act to follow.
But that is particularly true for Rep. Maxine Waters, who has inherited his mantle as leader of the Democrats on the House Financial Services Committee, a role Frank played for a decade.
The Justice Department has filed civil charges against Standard & Poor's over mortgage securities it rated in the run-up to the 2008 financial crisis, setting up a high-profile showdown between the government and the much-maligned ratings industry.
In a lawsuit filed late Monday in the U.S. District Court for the Central District of California, the Justice Department alleges that S&P knowingly executed a scheme to defraud investors between September 2004 and October 2007 in its ratings of mortgage securities that were tied to subprime mortgages.
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):
Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today sent the attached letter to Jeb Hensarling, chairman of the committee, requesting that he hold a hearing about the abrupt end of the Independent Foreclosure Review (IFR) process:
On Jan. 7, the Office of the Comptroller of the Currency and the Federal Reserve Board announced a settlement in which 14 mortgage servicing companies agreed to replace the process with an $8.5 billion settlement, effectively terminating the IFR.