Maxine Waters

Dozens of lawmakers urge more flood insurance reforms


A group of 64 House lawmakers is pushing congressional leadership to incorporate premium caps and address a new methodology for assessing risk in flood insurance reform legislation.


FHFA's Calabria is open to wiping out Fannie, Freddie shareholders


At a House hearing covering a whole host of housing finance reform topics, Fannie Mae and Freddie Mac's regulator said "if the circumstances" call for eliminating investors, "we will."


‘Absolute scam’: Complaints about credit monitoring plans flood CFPB


Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.


Facebook's Zuckerberg to testify to House on Libra


The social media giant's CEO will likely encounter pushback from members of the Financial Services Committee about the company's plans to launch its own cryptocurrency.


House lawmakers spar over CFPB debt collection rule


A hearing on legislative proposals exposed a sharp partisan divide over a regulatory plan to restrict the frequency of collection calls.


House advances bills to protect workers' credit in government shutdown


The House Financial Services Committee passed a bill that would exclude adverse credit information for consumers impacted by a government shutdown.


House passes five bipartisan financial services bills


The legislation takes aim at third-party bank service vendors, the backlog of FHA appraisals, rural housing assistance and other issues where there is broad agreement.


'You don’t have to like the GSEs': Comments of the week


Readers react to jilted GSE legacy shareholders and a proposal making it harder to cite disparate impact, criticize Democrats asking the CFPB to stop its payday rule revamp and more.


Citi raises minimum wage after prod from Maxine Waters


Citigroup quietly boosted its minimum wage to $15 an hour in June, joining competitors in awarding raises to rank-and-file staff.


Waters meets with Swiss officials to discuss Facebook's crypto plans


House Financial Services Committee Chair Maxine Waters, D-Calif., and a bipartisan congressional delegation met with Swiss government officials last week to discuss Facebook’s plans to launch and operate a digital currency.