Politics Maxine Waters

  • U.S. Representative Maxine Waters (D-CA) at a hearing of the House Financial Services Committee, in the Rayburn building. 

    "The democracy, and the way it gives everybody an opportunity, is what we basically believe in," Democratic Rep. Maxine Waters told CNBC.

  • Jan 24- Wells Fargo& Co and its officials have racked up well over $4 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds. The Department of Justice is looking into whether executives withheld details about fake accounts to the Wells Fargo board of directors and the Office of the Comptroller of the Currency, the...

  • Lawmakers want to press the board on its role in righting the bank after years of problems, said Representative Maxine Waters, who chairs the House Financial Services Committee. Wells Fargo declined to comment. Wells Fargo, the fourth-largest U.S. bank by assets, is too big to be properly managed and should be broken up, Waters said.

  • WASHINGTON, Dec 19- Wells Fargo's board of directors will be called to testify before Congress about the bank's numerous scandals sometime in 2020, a senior U.S. House lawmaker told Reuters Thursday. Representative Maxine Waters, who chairs the House Financial Services Committee, said in a brief interview she wanted to press the board on their role in righting...

  • WASHINGTON, Dec 19- Wells Fargo's board of directors will be called to testify before Congress about the bank's numerous scandals sometime in 2020, a senior U.S. House lawmaker told Reuters Thursday. Representative Maxine Waters, who chairs the House Financial Services Committee, said in a brief interview she wanted to press the board on their role in righting...

  • *Trump expected to take the case to the U.S. Supreme Court. A three-judge panel of the Manhattan- based 2nd U.S. Circuit Court of Appeals ruled 2-1 against Trump's bid to block two House of Representatives committees from enforcing subpoenas issued in April to the two banks seeking the documents. Trump is expected to appeal the case to the U.S. Supreme Court.

  • Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC.

    House members who questioned Facebook CEO Mark Zuckerberg for over six hours weren't particularly satisfied with the answers.

  • WASHINGTON, Oct 23- Facebook Inc CEO Mark Zuckerberg sought to reassure skeptical U.S. lawmakers on Wednesday that the company's planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system. Appearing in a suit and tie before the U.S. House of...

  • WASHINGTON, Oct 9- Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the social media company faces growing scrutiny from U.S. lawmakers over a planned cryptocurrency and other issues including advertising policies. It will be his first appearance before a U.S. congressional committee...

  • WASHINGTON, Oct 9- Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the social media company faces growing scrutiny from U.S. lawmakers over a planned cryptocurrency and other issues including advertising policies. It will be his first appearance before a U.S. congressional committee...

  • WASHINGTON, Oct 3- Facebook Inc Chief Operating Officer Sheryl Sandberg has tentatively agreed to testify before a U.S. House committee on Oct. 29 about the company's plan for a digital currency, but the panel will not schedule the hearing until Chief Executive Mark Zuckerberg commits to appear by January, a congressional source said on Thursday.

  • WASHINGTON, Sept 17- A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration. The proposal, by the Federal Deposit Insurance Corporation, could potentially free $40...

  • A "Zuck Buck" is displayed on a monitor as David Marcus, the executive leading Facebook's blockchain initiative, is questioned by U.S. lawmakers in Washington, D.C., on July 17, 2019.

    CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial Services Committee on Capitol Hill.

  • WASHINGTON, June 20- The U.S. government should consider forcing Facebook Inc to freeze work on its new cryptocurrency project, a senior U.S. lawmaker said on Thursday. Representative Maxine Waters, who chairs the House of Representative Financial Services Committee, said in a CNBC interview the government needs to study cryptocurrencies and Facebook's...

  • Facebook CEO Mark Zuckerberg (C) leaves the office of Sen. Dianne Feinstein (D-CA) after meeting on Capitol Hill on April 9, 2018 in Washington, DC.

    Facebook's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.

  • Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C.

    Rep. Patrick McHenry has questions about Facebook's plan for a cryptocurrency, and he isn't alone.

  • WASHINGTON, June 19- Facebook Inc's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project. David Marcus, who oversees Facebook's blockchain efforts, is expected to testify, according to a source in Washington familiar...

  • WASHINGTON, June 19- The U.S. Senate Banking Committee will discuss Facebook Inc's proposed cryptocurrency at a July 16 hearing, the panel announced Wednesday. Representative Maxine Waters, the Democrat who chairs the House Financial Services Committee, said Tuesday she planned to similarly call Facebook to testify, and asked the company to halt the project...

  • *Facebook unveils plans for digital coin called Libra. SAN FRANCISCO/ NEW YORK, June 18- Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard,...

  • WASHINGTON, June 18- A leading U.S. House lawmaker on Tuesday called on Facebook Inc to halt development on its new cryptocurrency and for company executives to testify before Congress, adding to global concerns about what the digital currency could mean for data privacy and security. Maxine Waters, who chairs the House Financial Services Committee, said...