Maxine Waters

House Report Says Wells Fargo Continues to ‘Abuse’ Customers
Risk & Compliance

House Report Says Wells Fargo Continues to ‘Abuse’ Customers

A new report slams the bank for failing to comply with regulatory orders on multiple customer abuse scandals and blasts regulators for inaction.
By Lauren Muskett | March 5, 2020
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Rep. Waters: Pay Raise for Wells Fargo CEO ‘Outrageous’
Risk & Compliance

Rep. Waters: Pay Raise for Wells Fargo CEO ‘Outrageous’

CEO Tim Sloan’s total compensation increased 4.9% last year to $18.4 million, including a $2 million bonus.
By Vincent Ryan | March 15, 2019
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House Committee Probes Credit Reporting Agencies
Risk & Compliance

House Committee Probes Credit Reporting Agencies

The committee held a hearing amid proposed legislation that would overhaul the industry.
By Lauren Muskett | February 27, 2019
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Deregulation Push Targets Payday Loan Rules
Risk & Compliance

Deregulation Push Targets Payday Loan Rules

Rep. Maxine Waters says Republicans are seeking to give "payday loan sharks a reprieve at the expense of hardworking Americans."
By Matthew Heller | January 18, 2018
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Wells Fargo Reports More Problem Accounts
Fraud

Wells Fargo Reports More Problem Accounts

The bank says it may have created up to 3.5 million accounts without customers’ authorization, well in excess of its previous 2.1 million estimate.
By Matthew Heller | September 1, 2017
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Regulator Blasts SEC Waivers to Five Banks
Risk & Compliance

Regulator Blasts SEC Waivers to Five Banks

SEC commissioner says there were "compelling reasons" to reject the waiver requests of banks convicted of rate-rigging.
By Matthew Heller | May 26, 2015
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Top Democrat Wants SEC to Crack Down on ‘Bad Actors’
Risk & Compliance

Top Democrat Wants SEC to Crack Down on ‘Bad Actors’

The SEC has been granting disqualification waivers “automatically — and disproportionately for large financial firms,” says Rep. Maxine Waters.
By Matthew Heller | March 24, 2015
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