Items Tagged with 'Maxine Waters'

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Waters: Republican proposal to overhaul Dodd-Frank kills most important parts

Guts and terminates Consumer Financial Protection Bureau
The Republicans' newly revealed plan to replace Dodd-Frank targets one of the most important government agencies to Congressional Democrats, the Consumer Financial Protection Bureau. But Rep. Maxine Waters, D-Calif., ranking member of the House Committee on Financial Services and one of the biggest defenders of the CFPB, won’t let the bureau go away easily.
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Tensions reach boiling point at CFPB Director Cordray's hearing

Here are the few comments made on mortgage finance
Both sides of the aisle were primed for battle at the hearing of Consumer Financial Protection Bureau Director Richard Cordray, as this semiannual hearing happened in the midst of controversy around the bureau and Cordray’s position. Tensions quickly rose in the room as representatives questioned Cordray on the constitutionality of his bureau. One representative even asked Cordray why he doesn't just step down.
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Democrats rally together to support CFPB in case against PHH

Fight to protect bureau’s independent structure and constitutionality
Congressional Democrats filed an amicus brief on Friday with the D.C. Circuit Court of Appeals in support of the bureau's independent structure and constitutionality. “In creating the Bureau, lawmakers determined that it needed two key attributes to fulfill its mission: independence, and the ability to act promptly and decisively in response to new threats to consumers,” the lawmakers wrote.
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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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