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Tag Archives: Maxine Waters

Waters Introduces Bill Targeting Big Banks

On Wednesday Congresswoman Maxine Waters (D-California) issued a warning to big banks in the form of a new bill that if made into law would allow regulators to break up mega banks that have a record of repeated customer complaints.

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Parties Spar Over Merits of CHOICE Act

The introduction of the CHOICE Act—the Republicans’ proposed alternative to Dodd-Frank—last month by Rep. Jeb Hensarling (R-Texas) has sparked even more fierce debate between the parties in his Committee.

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GAO: Foreclosure Review Process ‘Without Adequate Investigation’

Findings from a review done on foreclosures by the United States Government Accountability Office (GAO) found that errors made by banks might have been much higher than believed. In September 2010, amid allegations of inappropriately signed documents, federal coordinators began on-site reviews of servicers to evaluate foreclosure processes.

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