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In an op-ed published today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, discussed the numerous ways in which the Consumer Financial Protection Bureau (Consumer Bureau) continues to fight for hardworking Americans…
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Committee Democrats Stand Up for DACA Recipients Seeking Access to Homeownership December 21, 2018 Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 15 Committee Democrats sent a letter to Brian Montgomery, Assistant Secretary for Housing–Federal Housing Commissioner of the U.S. Department of Housing and Urban Development (HUD), expressing concerns about the lack of transparency at HUD regarding the reported denial of access to FHA-insured loans for recipients of the Deferred Action for Childhood Arrivals (DACA) program. In the letter,... More
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Waters Puts Mulvaney on Notice December 20, 2018 WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, sent a letter to Office of Management and Budget Director Mick Mulvaney, informing him that she expects his full and complete cooperation with the Committee’s oversight of the Consumer Financial Protection Bureau’s actions during his tenure at the agency, and that he may be called before the Committee to testify on the matter. “I am writing to inform you that while your tim... More
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Waters Statement at Hearing on National Debt December 20, 2018 Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “The Peril of an Ignored National Debt.” As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, since this hearing is about attention to the national debt, I think it is important for the public to understand that the Republican tax scam, pushed through by Congressional Republicans and Donald Trump during this Congress... More
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Waters, Heck and 21 Committee Democrats Call on CFPB Director to Resume Protection of Military Servicemembers December 14, 2018 Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Congressman Denny Heck (D-WA) and 21 Committee Democrats sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (Consumer Bureau), urging her to recommit the Consumer Bureau to fulfilling its supervisory role over consumer protection laws, including the Military Lending Act. The Military Lending Act, which became law with bipartisan support in 2006, provides cri... More
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Waters Statement on the CFPB’s Weak Settlement with State Farm Bank December 13, 2018 Following the announcement that the Consumer Financial Protection Bureau (Consumer Bureau) settled with State Farm Bank, FSB, over the misuse of consumer credit information without imposing a civil penalty, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “To cap off his harmful tenure at the Consumer Bureau, Mick Mulvaney has chosen to once again turn a blind eye to predatory behavior. “I am deeply troubled by the Con... More
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