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The new chairman of the House Financial Services Committee, Rep.

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee (HFSC), today released the following statement in response to the news that President Barack Obama will nominate Richard Cordray to head the Consumer Financial Protection Bureau (CFPB).

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today welcomed President Obama's nomination of Mary Jo White to be the next chairman of the United States Securities and Exchange Commission (SEC), stating:

For some lucky ticket holders, inauguration weekend kicked off Saturday with a screening of Eugene Jarecki's provocative documentary about America's war on drugs, "The House I Live In," at the Shiloh Baptist Church in Washington's Shaw neighborhood.

While Dodd-Frank opponents will attempt to make "technical" corrections to the legislation, they may encounter fierce resistance from Rep. Maxine Waters, the 12-term California Democrat recently appointed as the ranking member of the House Financial Services Committee.

Partisan rancor presides over Washington, but for a few fleeting hours on Inauguration Day, bipartisan comity takes over as official Washington breaks bread — literally, as Vice President Biden would say — for the inaugural luncheon held for more than a century.

African-American leaders praised President Obama's second inaugural address for its bold, inclusive language about poverty, climate change and civil rights.

Obama, America's first black president, was inaugurated for a second term in an historic ceremony Monday. The occasion coincided with Martin Luther King Jr. Day, adding to its meaning, particularly for black leaders.