Maxine Waters

Will proposed CRA rule help or hurt Black America?

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). 

Rep. Waters on Impeachment Inquiry Vote: Desperate Republicans Requested a Formal Vote, I Expect Nothing Less Than Their Full Support

Congresswoman Maxine Waters (CA-43), Chairwoman of the House Committee on Financial Services, delivered a floor speech on H.Res 660, which directs the six investigative committees to continue their ongoing investigations as part of the existing House inquiry into whether sufficient grounds exist for the House to exercise its Constitutional power to impeach Donald Trump. The resolution will ensure transparency, enable effective public hearings, and provide due process protections. H. Res. 660 passed the House by a vote of 232-196.

Rep. Waters Applauds Tyler Perry for Historic Grand Opening of Tyler Perry Studios

Congresswoman Maxine Waters (CA-43) wrote a letter of commendation to Tyler Perry – the first African American to own a major movie studio – following the grand opening of the Tyler Perry Studios, which Congresswoman Waters attended in Atlanta. The 330-acre major motion picture studio is “one of the largest production facilities in the country” and includes “40 buildings on the National Register of Historic Places, 12 sound stages, 200 acres of greenspace, and a diverse backlot.” Her letter follows:

Chair of the House Committee on Financial Services Maxine Waters Introduces FHA Foreclosure Prevention Act

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, introduced legislation that would help prevent foreclosures for borrowers with Federal Housing Administration (FHA) mortgages by strengthening requirements for and increasing oversight of FHA mortgage servicers so that every homebuyer with an FHA mortgage is given a fair chance at avoiding foreclosure. “The Federal Housing Administration is critical to our housing market and helps to promote homeownership for underserved borrowers, including first-time and minority homebuyers,” said Chairwoman Waters. “Unfortunately, we continue to see significant problems with the servicing of FHA loans that unnecessarily put homeowners at risk of

Mueller: Special Counsel Probe Did Not Exonerate Trump

Special counsel Robert Mueller courtesy photo WASHINGTON (AP) — Special counsel Robert Mueller said Wednesday he was legally barred from charging President Donald Trump with a crime but pointedly emphasized that his Russia report did not exonerate the president. If he could have cleared Trump of obstruction of justice he “would have said so,” Mueller declared. The special counsel’s remarks, his first in public since being tasked two years ago with investigating Russian interference to help Trump win the 2016 presidential election, stood as a strong rebuttal to Trump’s repeated claims that he was exonerated and that the inquiry was