Consumer Protection
More on Consumer Protection
Financial Services Committee Ranking Member Maxine Waters, today joined by 37 of her fellow Democrats, delivered a letter urging President Obama to nominate Janet Yellen, current Vice Chairman of the Board of Governors of the Federal Reserve System, to replace Ben Bernanke as Chairman of the Federal Reserve when his term expires.
Congresswoman Maxine Waters and Senator Elizabeth Warren authored the following opinion editorial for The American Banker
It has been only three years since the passage of the Dodd-Frank Act and five years since the 2008 financial crisis, but memories in Washington can be short.
House Democrats, led by Financial Services Committee Ranking Member Maxine Waters, today released a "set of critical core principles" they believe should be part of legislative efforts to address the future of housing finance reform. Since the beginning of the 113th Congress, Democrats on the Financial Services Committee have held a series of briefings, roundtables, and caucuses on housing finance reform. As a result of this work, Committee Democrats have developed principles to guide their consideration of any housing finance reform proposals.
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, released the following statement today in response to the Senate's vote to confirm Richard Cordray as the director of the Consumer Financial Protection Bureau (CFPB):
Vicki Needham, The Hill
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.
Kitty Felde, Southern California Public Radio
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.
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).
Vicki Needham, The Hill
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.