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As the Trump Administration continues to threaten the livelihood of millions of hardworking Americans with reckless policies and proposals, Financial Services Committee Democrats are committed to tracking Trump’s destructive actions against consumers and investors.

Press Releases
Trump’s 100 Days: Broken Promises to Main Street, Giveaways to Wall Street
April 29, 2017
After just 100 days in office, President Trump has undermined the economic security of the middle class and hardworking Americans by beginning to roll back financial regulations and putting reckless policies in place. The list below recounts Trump’s broken promises, threatening consumers, investors, and the economy at large: On the first day of his administration, Trump suspended a reduction to Federal Housing Administration (FHA) mortgage insurance premiums, which would have saved homeowners $5... More
Press Releases
ICYMI: Wave of Opposition to the Wrong Choice Act
April 29, 2017
This week, Committee Democrats led a Minority Day Hearing on the many problems with Chairman Hensarling’s Wrong Choice Act, a bill that would repeal the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and put America on the road to another financial crisis. The hearing, which featured testimony from Senator Elizabeth Warren and other experts and community advocates, comes amid a wave of opposition to the bill. To date, over 130 groups have submitted lette... More
Press Releases
Waters Slams the Wrong Choice Act During Historic Minority Day Hearing
April 28, 2017
Today, at the historic Minority Day Hearing of the House Financial Services Committee, Ranking Member Maxine Waters (D-CA) delivered the following statement: As Prepared for Delivery Thank you, Mr. Chairman, and thank you to the witnesses for joining us today, especially Senator Elizabeth Warren, who created the idea of the Consumer Financial Protection Bureau, and gave the force behind making it a reality. Earlier this week, the Majority held a hearing during which their witnesses shared so man... More
Press Releases
Media Advisory: Committee Democrats to Hold Hearing on the Wrong Choice Act
April 27, 2017
On Friday, April 28, 2017, House Financial Services Committee Democrats will lead an additional hearing on H.R. 10, also known as the Wrong Choice Act. The hearing, referred to as a “Minority Day Hearing,” is the first hearing before the Financial Services Committee under the 115th Congress where Democrats can select the panel of witnesses. This hearing is historic in that the parliamentary maneuver Democrats successfully used to convene this hearing has not succeeded in the Committee in 20 year... More
Press Releases
Waters Pushes for Greater Anti-Money Laundering Oversight
April 27, 2017
Today, at a Terrorism and Illicit Finance hearing entitled “Safeguarding the Financial System from Terrorist Financing,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered the following statement: As Prepared for Delivery Thank you, Mr. Chairman. One of the key issues this subcommittee will be looking at is the adequacy of current information-sharing authorities and the degree to which they strike the right balance between security and civil libe... More
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