Rep. Waters: I Did Nothing Wrong Contacting Treasury


The House Ethics Committee formally acknowledged that Rep. Maxine Waters (D-CA.) is under investigation for allegedly using her influence to help a bank in which her husband owned stock.

Regulation Overload?

Waters told CNBC Friday that it's her job to connect minority agencies that otherwise wouldn't have access to regulatory agencies. She added that she's convinced she did nothing wrong by contacting the Treasury about the bank.

"This is what I do," Waters said. "The bank that is being referred to is one bank of many banks that is represented by the association, and absolutely there is nothing wrong with that."

Waters is one of dozens of members of the House under the ethics probe. The investigation came to light when a staff member accidentally released the information while working from home.