Maxine Waters

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.


Big banks need more diversity in leadership ranks: House Democrats


With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.


Waters, Brown warn regulators not to weaken margin rules


Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels.


House lawmakers go light on BB&T-SunTrust merger


The deal cleared another key hurdle as Financial Services Committee members showed little interest in slowing the formation of Truist Financial.


Despite outcry, Congress unlikely to block Facebook's crypto plan


Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.


House lawmakers square off over Facebook's crypto plans


Democrats called on the social media company to halt its Libra project, while Republicans said Congress should keep the door open to innovation.


Lawmakers unveil competing flood insurance bill


Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.