Items Tagged with 'Maxine Waters'

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Maxine Waters accuses Wells Fargo execs of dodging fake account inquiries

Says execs questioned by Republicans, but won't sit for Democrats
Wells Fargo executives are dodging additional Congressional inquiries into the bank’s massive fake accounts scandal, Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., said last week in a letter sent to Wells Fargo CEO Timothy Sloan. Click the headline for more on Waters' accusation and what Wells Fargo says about it.
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Hensarling, Waters chosen to lead House Financial Services Committee again

Representatives from Texas and California to serve as committee leadership
The halls and chambers of Congress are certainly going to look different when the 115th Congress begins its term in January. The leadership of the House Financial Services Committee, on the other hand, will look just the same as it has in the last two Congressional terms, as Rep. Jeb Hensarling, R-Texas, and Rep. Maxine Waters, D-Calif., will again serve as the committee’s leaders.
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Maxine Waters: I'm going to move forward to break up Wells Fargo

Ranking Member of House Financial Services Committee vows to break up bank
Throughout Wells Fargo CEO John Stumpf’s rough day in front of the House Financial Services Committee, multiple representatives called for the bank to be broken up, suggesting that the megabank is simply too big to manage effectively. But as the hearing neared its conclusion, the ranking member of the committee, Rep. Maxine Waters, D-Calif., went beyond her fellow representatives’ calls to break up Wells Fargo, stating that she is going to actually move to break up the bank.
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Congress to consider dramatic overhaul of credit reporting

Waters bill gives CFPB "explicit authority" to monitor credit scoring
The way consumer credit data is reported, recorded and used by the nation's credit reporting agencies could dramatically change soon, if a newly introduced bill makes it way through Congress. The new bill would, among other things, cut the time that adverse debt appears on a consumer's report, and places the "burden" of remedying errors on the agencies themselves.
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Waters proposes sweeping credit reporting reforms

Legislation could open credit box for millions of homebuyers
The ranking Democrat on the House Financial Services Committee wants to fundamentally change the rules on how lenders report consumer payments and debts to the credit bureaus, which could create a path to homeownership for millions of Americans currently shut out by mortgage lending restrictions, if successful.
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Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact
"The kind of terrible mortgage loans…the abuse of mortgage loans that hurt consumers, hurt financial institutions, and hurt the economy…we outlawed them and they haven’t been made since then," former Congressman Barney Frank said in a CNBC interview. "There have been some very real accomplishments."
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