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Maxine Waters

  • House approves legislation to ease rules on home loans Tuesday, 14 Apr 2015 | 6:26 PM ET

    WASHINGTON— The House on Tuesday overwhelmingly adopted legislation to ease some mortgage lending requirements of the sweeping 2010 law reining in banks and Wall Street as the Republican majority continues its assault on the so-called Dodd-Frank law enacted after the financial crisis. The first vote fell short of the two-thirds that would be required to...

  • WASHINGTON, March 3- Republican lawmakers at a hearing on Tuesday said that the U.S. consumer watchdog should stop attempts to regulate overdraft charges on prepaid cards even as the agency considers tighter rules on the practice. The Consumer Financial Protection Bureau in November proposed rules to treat overdraft fees on prepaid cards as a form of credit...

  • Republicans on the committee that oversees financial services disagree, and Texas Representative Randy Neugebauer plans to introduce a bill later this week to replace the agency's director with a five-person commission appointed by the president. "Sometimes, I think you are trying to do good, but in the end, what you do creates harm to an industry where people...

  • Democrats lodge U.S. Export-Import Bank survival plan Wednesday, 25 Feb 2015 | 12:00 AM ET

    WASHINGTON, Feb 25- Democratic lawmakers will unveil a plan on Wednesday to keep the U.S. Export-Import Bank open for another seven years and expand its lending as a clash over the bank's future intensifies. Legislation backed by Democratic Whip Steny Hoyer and colleagues Maxine Waters, Gwen Moore and Denny Heck would reauthorize Ex-Im, which provides support...

  • WASHINGTON, Jan 15- U.S. pension regulators questioned Thursday whether criminal violations in one unit of Credit Suisse Group AG reflect broader compliance problems at the Swiss bank, in an unusual public hearing to vet its request to continue managing retirement plans. At issue is whether Credit Suisse should be granted permission to continue managing...

  • WASHINGTON, Jan 7- The U.S. House of Representatives expects to vote Wednesday on legislation retooling a series of financial regulations, an early sign that Republican leaders will attack President Barack Obama's Wall Street reforms this year. The proposal is one of the first votes House lawmakers will take this year after the Republican Party formally took...

  • Democrats objected to the House plan but let it move forward, passing 417-7. It was not clear whether the Democrat-controlled Senate would take up the same version. "I urge the Senate to move on this bill and vote for these needed reforms," House Majority Leader Kevin McCarthy, a Republican, said in a statement. The House bill reauthorizes the program for six years...

  • WASHINGTON, Nov 14- Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans' retirement funds after its decision to plead guilty to tax crimes. The U.S. Department of Labor on Friday solicited public input for a Jan. 15 hearing on whether to issue its recommended 10- year exemption for Credit...