House Financial Services Committee

Rep. Maxine Waters made headlines this week for her scathing criticism of the White House. Expect more to come if she takes over as the Financial Services Committee chair next year.

The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission."

The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election.

The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories.

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat.

Democrats attempted to counter Republicans’ praise for the increased investment, wages and bonuses resulting from the tax bill by tying it to Wells Fargo's recent scandals.

Rep. Cedric Richmond, D-La., the CBC's chair, requested with a meeting with the comptroller of the currency to "enlighten" him about discrimination in banking.

The House Financial Services Committee was scheduled to vote on legislation to modernize anti-money-laundering rules, but the latest version of the bill excludes a key provision involving the collection of beneficial ownership information.

The legislation unveiled this week left out a requirement — included in an earlier version — for new companies to report their true owners.

In his inaugural hearing as comptroller of the currency, Joseph Otting defended his decision not to publicly rebuke banks for Wells Fargo-like problems.