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The Wall Street Reform and Consumer Protection Act was enacted in response to the worst financial crisis since the Great Depression, caused by years of lax enforcement of regulations and zero accountability for the nation’s financial institutions.

Press Releases
Leading Democrats Call for Diversity in TSP Asset Management
April 16, 2015
Two leading Democrats on the Financial Services Committee are urging the Federal Retirement Thrift Investment Board (Board) to incorporate and prioritize diversity as it considers the creation of a mutual fund window within the $439 billion Federal Thrift Savings Plan (TSP). In a letter addressed to head of the Board today, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member and Rep. Gregory Meeks (D-NY), a senior member of the panel, stressed the importance of ensuring greater mi... More
Speeches and Committee Statements
As Clock Ticks on Ex-Im, Waters Urges Immediate Renewal
April 15, 2015
With the Export-Import Bank’s charter set to expire in just 32 legislative days, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today blasted House Republicans for wasting time hosting a hearing on the implementation of the 2012 reauthorization – and called on them to instead focus on ensuring its doors remain open. In a joint hearing between subcommittees of both the Financial Services and Oversight and Government Reform Committees, Waters pointed to ... More
Speeches and Committee Statements
In Floor Remarks, Waters Leads Efforts to Oppose H.R. 685
April 14, 2015
In advance of final votes today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, led efforts to oppose the so-called “Mortgage Choice Act,” (H.R. 685) a measure that would weaken vital consumer protections for low-income Americans looking to purchase a home, exponentially increase mortgage costs, and undo the critical work of the Consumer Financial Protection Bureau (CFPB) by allowing a return to the practices frequently used in the period prior to the ... More
Speeches and Committee Statements
Waters Expresses Strong Opposition to Dodd-Frank Rollbacks
April 14, 2015
Leading opposition to final passage of the “Preserving Access to Manufactured Housing Act” on the House Floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, criticized the measure for rolling back critical borrower protections put in place by the Consumer Financial Protection Bureau, undercutting the Dodd-Frank Wall Street Reform Act and encouraging the kind of predatory lending practices that previously brought the American economy to the brink of co... More
Press Releases
Waters Praises “Milestone” Rule to Protect Retirees and Investors
April 14, 2015
Following an announcement from the Department of Labor (DOL) that it has proposed for public comment rules on the provision of investment advice for retirement assets, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement in strong support of the Administration’s move to modernize its “fiduciary duty” rule, which seeks to ensure that those providing investment advice are actually working in the best interest of retirement savers. Waters app... More
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