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I have the gavel: Maxine Waters lays out an aggressive agenda at the House Financial Services Committee
The California Congress member is about to make a lot of powerful people from the White House to the banking industry uncomfortable.
By Emily Stewart Updated Jan 16, 2019, 1:03pm EST
The way Rep. Maxine Waters (D-CA) sees it, the banking industry has gotten a free ride for far too long.
As the new chair of the House Financial Services Committee, shes ready to bring in Wells Fargo executives for questioning, scrutinize what Mick Mulvaney did as leader of the Consumer Financial Protection Bureau, and create a subcommittee on discrimination to make sure the lending industry playing field is level. She is going to make a lot of powerful people uncomfortable.
This was known as the juice committee. There is no more juice in this committee, Waters said in a speech at the Center for American Progress Action Fund on Wednesday, her first policy address as committee chair. So-called juice committees are generally ones that oversee lucrative industries and are seen as desirable to members because theyre a good platform for fundraising from those industries.
But Waters made it clear the committee is now about oversight.
The time for accountability for his actions is about to begin, Waters said at CAP on Wednesday, referring to Mulvaney, now Trumps acting chief of staff and Office of Management and Budget director.
Consumer protection isnt the sexiest of issues, but its one that affects literally everyones life from credit cards to mortgages to student loans. And this administration has demonstrated a clear industry bent, watering down rules that would curtail predatory payday lenders, dismantling financial protections for the military, and taking an overall more pro-Wall Street stance. Waters may be able to use the spotlight on her to draw attention to that.
Waters said on Wednesday she wasnt relying on the Trump administration for much of anything. She said she was open to working with Republicans to a point. I will work with those on the opposite side of the aisle who want to work on issues that we are alluding to, she said, but, of course, if they dont, I have the gavel.
The Trump administration has done a lot of damage at the CFPB. Waters will try to stop some of the bleeding.
more...
https://www.vox.com/policy-and-politics/2019/1/3/18157768/maxine-waters-house-financial-services-committee-cfpb
Brother Buzz
(36,444 posts)shenmue
(38,506 posts)Hermit-The-Prog
(33,356 posts)Unlike Russiapublicans, we don't send people to Congress to invite their cronies and donors to feed at the trough. We send people to govern.
Thank you Rep. Waters!
gratuitous
(82,849 posts)*Harrumph!* This never happens when Republicans are in control! *Harrumph, harrumph*
Exactly.
lastlib
(23,248 posts)(that's 'cause he was too busy saying "yes, Ma'am", "How high, a'am?" to Congresslady Maxine........!)
Scurrilous
(38,687 posts)watoos
(7,142 posts)She is emphasizing taking the corruption out of politics. No more juice, I love it. That message resonates across party lines. We could use more Auntie Maxines.
ehrnst
(32,640 posts)Honeycombe8
(37,648 posts)lastlib
(23,248 posts)ancianita
(36,095 posts)I'm sure she'll subpoena Donald Trump for his tax returns.
cannabis_flower
(3,764 posts)Trump and his friends are about to find out that Maxine Waters is not "low IQ" and is a force to be reckoned with.
Hekate
(90,714 posts)...a sexy committee and she was a freshman so she was assigned to it (sound familiar, new congresscritters?).
But she dug in, went to work, realized that it affected everyboy in the country, especially POC, and here she is today, the powerful and respected "Auntie Maxine" and Madame Chair.
Honeycombe8
(37,648 posts)She is one of the most respected and well known representatives in the nation. I can only imagine the WALLS that she encountered on her way to becoming all that she could be. I don't think I could do it.
Butterflylady
(3,544 posts)She's out for blood! Go Maxine!!!!!!