Maxine Waters actually said...

the proposal in Congresswoman Waters' bill to shorten the amount of time that negative information stays on a credit report from 7 years to 4 years.

Waters' bill aims to reduce the duration of negative credit report entries.

09/09/2014

More Maxine Waters Quotes

We want access to credit, but it must be quality credit. Anything less adds to the stress of the desperate and the needy.

CRA is one of the most important and impactful civil rights laws applicable to federally insured banks.

I believe this is the correct approach and regulators should continue their work to fix this outdated regulation.

I urge the OCC, the FDIC, and the Fed to work in concert on CRA modernization in good faith.