ThatOwlWoman (01-17-2019)
"I have the gavel": Maxine Waters lays out an aggressive agenda...
“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, she’s 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 they’re 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 Trump’s acting chief of staff and Office of Management and Budget director.
Consumer protection isn’t the sexiest of issues, but it’s one that affects literally everyone’s 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 wasn’t 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 don’t, 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.
ThatOwlWoman (01-17-2019)
Maxine Waters, Pelosi, Schumer, Pocahontas,
I like this optic, a lot
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This: "scrutinize what Mick Mulvaney did as leader of the Consumer Financial Protection Bureau,"
About time!
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