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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
Waters Voices Support for CFPB Payday Lending Rules
March 26, 2015
Following an announcement by the Consumer Financial Protection Bureau (CFPB) of its intent to draft rules to deter payday lending abuse, and in advance of President Obama’s trip to Birmingham, Alabama to speak about the matter, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored her support for the Bureau’s action. Waters, a strong advocate of the agency’s successful work to protect American consumers, offered the following statement: “I join th... More
Press Releases
House Democrats: SEC Vote to Preempt State Investor Protections “Disappointing”
March 25, 2015
Following the Securities and Exchange Commission’s (SEC) vote to finalize a rule expanding an exemption allowing businesses to raise up to $50 million from the public markets, six leading Democratic lawmakers on the Financial Services Committee expressed concern with the consequences of preempting critical investor protections at the state level. Led by Congressman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee and Congressman Stephen Lynch (D-MA) the members voiced the... More
Press Releases
Waters Urges End to “One Strike” Public Housing Policies
March 25, 2015
Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today called on the Department of Housing and Urban Development (HUD) to issue formal guidance amending previous guidance that explicitly encouraged the “one strike and you’re out” policy, in which Public Housing Authorities evict residents on the basis of criminal activity that may, or may not, be under their control. The policy, first promulgated during the now debunked “War on Drugs,” encourages hardlin... More
Speeches and Committee Statements
Waters Statement on Full Committee Markup
March 25, 2015
During opening remarks at a Financial Services Committee markup of nearly a dozen legislative proposals today, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member, outlined a number of areas where Democrats are willing to with Republicans to find bipartisan compromise. However, the Ranking Member also stressed that while Democrats are willing to work with their Republican colleagues, concerns remain that the members of the majority will continue their attempts to undercut Dodd-Fra... More
Speeches and Committee Statements
Waters Blasts GOP Budget Proposal
March 24, 2015
Today, as the House of Representatives considered the Republican budget proposal on the House Floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, waged a devastating critique of the proposal as harmful to our nation’s economic stability, to our housing market and to American consumers. Waters criticized the shortsightedness of a Republican budget that would invite a return to the risky days that led to the crisis, by repealing important prohibitions aga... More
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