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House Financial Services Committee
Waters Announces Over $1 Billion in Paycheck Protection Program Loans
October 1, 2020
Congresswoman Maxine Waters (CA-43), Chairwoman of the House Financial Services Committee, released a district data sheet which summarizes Paycheck Protection Program (PPP) data provided by the Small Business Administration (SBA) regarding loans made to businesses in Gardena, Harbor City, Hawthorne, Inglewood, Lawndale, Lomita, Los Angeles, Playa Vista, and Torrance. Over one billion dollars in PPP loans were awarded to 10,750 businesses within Congresswoman Waters’ congressional district. ... read more »
Chair Beatty Denounces Wells Fargo CEO’s Racially Insensitive Remarks
October 1, 2020
U.S. Congresswoman Joyce Beatty (OH-03), Chair of the House Financial Services Diversity and Inclusion Subcommittee, wrote a letter to Wells Fargo President and CEO Charles Scharf to express her profound disappointment and disagreement with his remarks regarding the false and misguided perception of a shortage of qualified African Americans as an excuse for his failure to meet Wells Fargo’s workforce diversity goals: ... read more »
Waters Announces Over $1 Billion in Paycheck Protection Program Loans 
September 24, 2020
PPP Loans Awarded to 10,750 CA-43 Businesses in Gardena, Harbor City, Hawthorne, Inglewood, Lawndale, Lomita, Los Angeles, Playa Vista, and Torrance Areas   ... read more »
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Rep. Waters to Police: Do Not Kill Another Unarmed Black Person
June 18, 2020
Congresswoman Maxine Waters (CA-43), Chair of the House Financial Services Committee, issued a statement on the death of at least two Black men who were killed by the police in the past few weeks: Rayshard Brooks in Atlanta, GA and Maurice Gordon in Bass River, New Jersey. Her statement follows: ... read more »
ANGEL NEIGHBORS IN COVID-19 TIMES –TELLING YOUR STORY TO SAY THANKS
May 21, 2020
On April 29, 1992, Ward Economic Development Corp (WEDC) had just completed its first housing development – Ward Villas (WV).  In the first month, neighbors – even those who were skeptical about who would move into affordable housing – came to help us protect the newly completed 90,000 + square ft. state of the art complex from being burned or looted.  People of good will provided staples, helped to “man” the fire hoses, stood guard, help residents feel comfortable, setting in place a close community relatedness that has lasted over these last 29 years. ... read more »
Will proposed CRA rule help or hurt Black America?
December 26, 2019
Amid the tinsel and garland celebrating the holiday season, two important federal financial regulators are planning how the future financial needs of low-and-moderate income (LMI) communities - including neighborhoods of color - will be met.  In an effort to “modernize” the 1977 Community Reinvestment Act (CRA) on December 12 the board of the Federal Deposit Insurance Corporation (FDIC) endorsed a proposed Notice of Public Rulemaking (NPR) offered by the Office of the Comptroller of the Currency (OCC).  ... read more »
House Passes Waters’ Bill that Supports Business and Jobs in California and Across the Country
November 15, 2019
The U.S. House of Representatives passed H.R. 4863, The United States Export Finance Agency Act of 2019, legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, to reauthorize and improve the Export-Import (EXIM) Bank which supports American workers, businesses and the economy. ... read more »
Rep. Maxine Waters Announces $4 Million Grant for Noise Mitigation in Inglewood
September 20, 2019
Congresswoman Maxine Waters (CA-43), Chair of the House Financial Services Committee, announced today that the United States Department of Transportation’s Federal Aviation Administration (FAA) awarded a $4,428,903 grant to the City of Inglewood for residential noise mitigation. The grant will provide assistance to an estimated 150 Inglewood residents who are impacted by the noise from planes flying into and out of the Los Angeles International Airport (LAX).  ... read more »
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Committee Democrats Call on Facebook to Halt Cryptocurrency Plans
July 12, 2019
“Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook’s digital wallet – storing potentially trillions of dollars without depository insurance– also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges.[3] The system could also provide an under-regulated platform for illicit activity and money laundering.” ... read more »
Treasury Secretary Steven Mnuchin Delays Harriet Tubman $20 Bill Until 2028, the Tubman 20 was to be Unveiled in 2020
May 22, 2019
Harriet Tubman / Steven Mnuchin  Treasury Secretary Steven Mnuchin said today that designs for an updated $20 bill featuring Harriet Tubman will be delayed by eight years.  ... read more »
Donald Trump Loses Battle in Court, Judge Rules Trump Cannot Block a House Subpoena of Financial Records
May 20, 2019
WASHINGTON (AP) — A federal judge in Washington ruled Monday against President Donald Trump in a financial records dispute with Congress. U.S. District Judge Amit Mehta, ... read more »
Former Exec Slams CBS News’ ‘White Problem’
May 3, 2019
The snafu led to a meeting with Rep. Maxine Waters, Chairwoman of the powerful House Financial Services Committee, who said CBS officials admitted they had a lot of work to do and the network pledged to include blacks on their 2020 election team and other coverage. ... read more »
Don’t Mess with Max: Mnuchin Madness
April 18, 2019
Mnuchin is really above his Peter Principle as Treasury Secretary in any administration but 45’s. And those birds of a feather stick together because they share values and shady self-serving morals. Mr. Mnuchin boldly requested government planes to facilitate his honeymoon, is taking his cues from the man who has turned the Presidency into a profit center, operating government on a “pay-to-play” basis with possibly Russians, Saudis and who knows who else. ... read more »
WATCH: Chairwoman of the House Financial Services Committee Maxine Waters Discuss Banking Industries Lack of Diversity, Excessive Salaries and CEO Accountability
April 17, 2019
NBC's Wilfred Frost talks with Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee, about big bank CEOs' testimony on Capitol Hill. ... read more / watch video »
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