Skip to main content

Waters Promises GSE Reform if Dems Win House

Phil Hall
Jul 26, 2018
Maxine Waters

Rep. Maxine Waters (D-CA), the ranking member of the House Financial Services Committee, has vowed to make government-sponsored enterprise (GSE) reform a priority if the Democrats win the House of Representatives in the November election and she becomes the committee’s chairwoman.
According to a Bloomberg report, Waters insisted that GSE reform was “very important to me.” However, she did not offer any ideas on how she would achieve this reform—the GSEs will be facing their tenth anniversary in federal conservatorship in September, and there has yet to be a reform proposal that has satisfied all stakeholders in the issue.
Waters also stated that is she became the chairwoman of the House Financial Services Committee, she would be “undoing” the changes put in place at the Consumer Financial Protection Bureau (CFPB) by Acting Director Mick Mulvaney. But as with GSE reform, she offered no specifics on what she would be doing, nor did she explain how she could accomplish such a feat while the CFPB operates as a standalone entity and is not answerable to congressional oversight.

Jul 26, 2018
'A Long Road To Normal'

Nominated again to lead The Fed, Powell tells Senate committee to expect three rate hikes, but 'if we have to raise interest rates more over time, we will.'

Regulation and Compliance
Jan 11, 2022
CFPB: Complaint Response Worsens At Big 3 Credit Bureaus

Report claims Equifax, Experian, and TransUnion routinely failed to fully respond to consumers with errors.

Regulation and Compliance
Jan 10, 2022
The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.

Regulation and Compliance
Jan 06, 2022
The Fed: Rate Hike Likely Coming in June

Federal Open Market Committee's December minutes reveal discussion of first hike in federal funds rate in 2Q of 2022, as well as of ending asset purchases by March.

Regulation and Compliance
Jan 05, 2022
AARMR No Protection For Savanah Scares

Conference provides opportunity for regulators to interact, discuss common topics

Regulation and Compliance
Jan 04, 2022
McCargo Sworn In As Ginnie Mae President

Former HUD official becomes the first female to lead the Government National Mortgage Association.

Regulation and Compliance
Jan 04, 2022