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.

 
Published
Jul 26, 2018
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021