Items Tagged with 'Maxine Waters'

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  • Wells Fargo CEO Tim Sloan lands $2 million bonus day after congressional beatdown

    Some members of Congress called for his firing, instead he got a raise
    Looks like Tim Sloan's week is looking up. On Tuesday, the Wells Fargo CEO received a brutal lashing from Congress during a four-hour hearing before the House Financial Services Committee, during which he was raked over the coals for the bank's numerous misdeeds. But just a day later, the board of directors gave Sloan a 5% raise, increasing his total pay to a whopping $18.4 million, which includes a $2 million bonus.
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  • Maxine Waters promises change if selected to lead Financial Services Committee

    Plans to spotlight affordable housing
    During the midterm elections Tuesday, Democrats took control of the House, while Republicans kept the Senate. As current ranking member, it is likely that Waters will take over as chairwoman of the Financial Services Committee. And she is already making promises for change, if she is selected to lead.
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  • MBA lobbyist: Here's what a Democrat-led House means to us

    One expert offers insight on what the finance industry is saying
    On Tuesday night, Democrats reclaimed control of the House of Representatives, securing more than 200 seats across the country. As more Democrats head to the House, one expert predicts they will focus their efforts on protecting consumer interests and banking regulations.
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  • Waters and 18 legislators demand Federal Reserve continue to regulate megabanks

    Ranking Member and Congressmen, D-Colo. Ed Perlmutter helps lead the charge
    This week, members of Congress demanded the Federal Reserve maintain strong capital requirements for Global Systemically Important Banks. Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and Ranking Member of the House Committee on Financial Services Subcommittee on Terrorism and Illicit Finance Ed Perlmutter, D-Colo., led the charge.
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  • Waters and 61 legislators demand Congress keeps NFIP active

    Reps. Beto O’Rourke, Eleanor Norton and Gregory Meeks back Waters
    Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and 61 members of Congress are demanding a long-term reauthorization of the National Flood Insurance Program. Waters, a prominent critic of H.R. 2874, believes American families are not financially prepared for the growing threat of natural disasters.
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