Maxine Waters

The House Financial Services Committee chair also acknowledged that his capital-formation bill still faces a potentially tough Senate vote.

Rep. Maxine Waters said fixing Fannie Mae and Freddie Mac would top her list of priorities if Democrats take control of the House in this year's midterm elections and she becomes leader of the Financial Services Committee next year.

As part of a capital-formation bill, House lawmakers are attempting to sprinkle in a handful of provisions to ease the industry’s burden.

Readers weigh in on Mulvaney's plans to shake up the CFPB, respond to banks chasing hot tech trends, applaud fintech-bank partnerships and more.

The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation.

Regardless of which party controls the House or Senate after the midterm elections, the financial services panels in both chambers could have new leaders.

Readers react to Capital One restricting data access, opine on whether or not the Consumer Financial Protection Bureau's structure is unconstitutional, weigh in on Rep. Maxine Waters as Financial Services Committee chairman and more.

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.