Maxine Waters

OCC’s Otting, House Democrats spar over CRA reform

01/29/20

Most stakeholders agree that the Community Reinvestment Act needs to be updated, but a congressional hearing featuring the regulator leading the overhaul effort showed just how contentious the process has become.

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House panel to discuss 'rent-a-bank' concerns in two February hearings

01/29/20

The Financial Services Committee will also hold hearings next month on monetary policy, the CFPB and "astroturfing" worries, among other things.

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House nears passage of bills to overhaul credit reporting

01/28/20

The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation garnered no Republican support.

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3 questions as OCC chief gets set to defend CRA plan in House

01/28/20

Comptroller of the Currency Joseph Otting upset some House Democrats when he was a no-show at a previous oversight hearing. They will now get a chance to question him about the future of the Community Reinvestment Act.

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CFPB backers tell high court that agency's structure is legal

01/24/20

Democratic lawmakers, state attorneys general and others filed briefs with the Supreme Court rebutting claims that the agency’s leadership structure is unconstitutional.

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Waters urges regulators to ensure integrity of CRA public comments

01/16/20

The House Financial Services Committee chair asked two regulatory agencies about what steps they've taken to prevent fabricated comment letters as they invite the public to weigh in on Community Reinvestment Act changes.

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House banking panel to hold two hearings this month on CRA reform plan

01/06/20

House Financial Services Committee Chairwoman Maxine Waters announced she will hold two hearings in January to examine a proposal to overhaul the Community Reinvestment Act.

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The 2020 legislative docket: AML reform, GSEs, Dems v. regulators

01/01/20

The window to change beneficial-ownership rules or pass other measures will be narrow, but some legislative efforts from 2019 will carry over and House Democrats will resume inquiries of certain industry CEOs and Trump-appointed regulators.

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Waters will call Wells Fargo's board members to testify in 2020

12/19/19

House Financial Services Committee Chairwoman Maxine Waters said oversight of the bank will be a focus for the panel next year.

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Senate Democrats demand OCC's Otting testify on CRA

12/13/19

The lawmakers sent a letter to the comptroller of the currency requesting his appearance before the Senate Banking Committee after he was unable to attend a hearing last week.

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