Maxine Waters

I was encouraged when the Fed took action under then-Chair Janet Yellen and initiated a strong enforcement action against Wells Fargo for its egregious consumer abuses.

Vice Chairman Quarles is, in fact, the first person to officially hold this important role that is critical in keeping our financial system safe and sound.

I look forward to hearing Vice Chairman Quarles' testimony today on the Federal Reserve Bank's supervision and enforcement activities.

I am providing you the same response I provided the Ranking Member.

I will not stand idly by while President Trump's OMB director destroys the Consumer Bureau when harmed consumers need help.

Democrats will not allow the Consumer Bureau's statutorily mandated mission to be undermined.

Mr. Mulvaney is not the acting director of the Consumer Financial Protection Bureau. He was illegally appointed by President Trump.

I am concerned that the hard-earned economic recovery, which came as a result of policies and reforms put in place by President Obama, Democrats in Congress, and the Federal Reserve, will be undermined by the reckless and misguided…

Those sanctions should be not delayed or waived, and we should have information about it.

I would encourage you to encourage the President to declassify any information that should be forthcoming to this committee.

The Congress of the United States does not know what you are doing.

But the final conclusion is that nothing has been done. There has been no waiver. There has been no delay. There has not been anything that has been done.

Even the findings section of the law explicitly references the intelligence community's finding that Russian President Vladimir Putin ordered an influence campaign in 2016 aimed at the United States Presidential election.

Do you believe our intelligence agencies, as they have said to us, that Russia did hack into our DNC and undermined our democracy?

I am wondering why this Administration continues to let key deadlines in the act come and go without taking any action to implement the act and punish Russia for its crimes against the American people.

Congress passed this law on a broadly bipartisan basis with the clear objective of punishing Russia for its brazen attack on our democracy.

I am very concerned that the Trump Administration seems to be determined to remove all nonbank systemically important financial institutions from FSOC supervision regardless of what threats those institutions may pose to our economy.

Who is responsible for delegating what was passed by an overwhelming majority of this House to the State Department?

These are worthy objectives and are reflected in a number of important provisions in the bill.

We should, for example, be careful not to lift SAR and CTR reporting thresholds if doing so undermines law enforcement's ability to stop bad actors.

Maxine Waters, the incoming Chair of the Financial Services Committee has called for an investigation into Trump's relationships with one of its largest lenders, Deutsche Bank.

Thank you very much. I have a number of them, Mr. Chairman.

I think that many companies know what they ought to be doing on data security and they are not doing it. And I think that we need stronger enforcement authority accompanied by civil penalties.

Absolutely not. They need more control and protection.

It is unfortunate that the three CEOs for the major credit reporting agencies rejected the opportunity to discuss their business model and what actions Congress should consider in the wake of the Equifax data breach to better oversee the…