More on Consumer Protection
Congresswoman Maxine Waters (D-Calif.) issued the following statement today opposing H.R. 6684, the Spending Reduction Act of 2012, which would undo certain aspects of the Wall Street Reform and Consumer Protection Act.
While it is clear that the Republican Majority's H.R. 6684 is an attempt to generate votes for Speaker Boehner's "Plan B," when it comes to protecting the American middle class from another taxpayer bailout, H.R. 6684 gets a failing grade.
Congresswoman Maxine Waters (D-CA) was unanimously elected Ranking Member of the House Financial Services Committee today by the House Democratic Caucus. Following the election, Congresswoman Waters released the following statement:
But as the California congresswoman prepares to become the top Democrat on the House Financial Services panel, she is engaging in an aggressive outreach effort with some of the very institutions that she has heavily criticized for their role in the financial crisis and recent home foreclosure scandals.
From organizing industry roundtables to one-on-one meetings with Wells Fargo's CEO to holding fundraisers targeting banking donors, Waters is opening the door to big banks and Wall Street.
By Suzanne Barlyn
July 25 | Wed Jul 25, 2012 1:22pm EDT
(Reuters) - U.S. House lawmakers on Wednesday introduced legislation that would require certain investment advisers pay fees to help fund adviser examinations conducted by regulators.
Congresswoman Maxine Waters (D-Calif.) today introduced the Investment Adviser Examination Improvement Act of 2012, which would provide the Securities and Exchange Commission (SEC) with the authority to impose and collect user fees on investment advisors for the purpose of increasing the number and frequency of SEC examinations. This bill is co-sponsored by Reps. Barney Frank and Michael Capuano. The Congresswoman's statement on the introduction of her bill is below:
WASHINGTON, July 10 (Reuters) - A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington's ire on both sides of the political aisle.
Corporate settlement policy unlikely to be changed by Congress
WASHINGTON, May 17 (Reuters) - U.S. lawmakers showed little support on Thursday for tinkering with a regulatory policy of settling cases without requiring defendants to admit to misconduct.
Today, Congresswoman Maxine Waters sent the following letter to Rep. Paul Ryan, commending him on his strong stance [Article: https://thinkprogress.org/economy/2012/05/07/479207/paul-ryan-volcker-rule/ ] in favor of the concepts expressed in the "Volcker Rule." In addition, Rep. Waters asked him to join her in the effort to ensure transparent and workable implementation of the rule. The full text of the letter is below:
Chairman Paul Ryan