Democratic House Victory Means Maxine Waters Will Soon Help Regulate The Country's Biggest Banks
Reclaiming our finances?
Congresswoman Maxine Waters continues to be a force to reckoned with, and her impact just became even more far-reaching.
With Tuesday's Democratic wins in the House of Representatives, the California representative is soon to become chair of the House Financial Services Committee.
As the leading Democrat on the minority committee, Waters shared with CNBC that she would focus on change within the Consumer Financial Protection Bureau and push for housing finance reform. While major regulation reform may not happen without a majority in the Senate, she does plan to use her authority to target major banking institutions like Wells Fargo and Bank of America.
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“For everything that we have tried to do to bring about some fairness and justice for these financial services companies and etcetera, we have absolutely been fought against by Republicans,” Waters stated to MSNBC on Tuesday.
Like with many other prominent Black figures, Trump has regularly attacked Waters on Twitter, saying she is a woman with an “extraordinarily low IQ,” while also referencing new House Majority winner Nancy Pelosi.
Congresswoman Maxine Waters, an extraordinarily low IQ person, has become, together with Nancy Pelosi, the Face of the Democrat Party. She has just called for harm to supporters, of which there are many, of the Make America Great Again movement. Be careful what you wish for Max!— Donald J. Trump (@realDonaldTrump) June 25, 2018'
"I don't care what he calls me. I know who I am. I know what I do," Waters asserted. "I am perfectly comfortable with me. He can call me whatever he wants to; he does not intimidate me, and I am not going to stop talking about him."
Back in August, colleague Pelosi tweeted "Happy Birthday" to Waters, stating that she's a woman who "strikes fear in the heart of Donald Trump."
Happy birthday to my friend and colleague @RepMaxineWaters. You are a strong, courageous and dedicated role model who knows how to get the job done. And that strikes fear in the heart of @realDonaldTrump. pic.twitter.com/a5wyMd9wX7— Nancy Pelosi (@NancyPelosi) August 15, 2018'
Waters' supporters, including Ava DuVernay, went on Twitter to share her support for her new role.
Yes, ma’am. You are right, ma’am. And ma’am, you are now Chair of the House Financial Services Committee. And ma’am, please snatch all their wigs and edges and tax returns. Thank you, ma’am. We Stan a Queen. https://t.co/vbxUFrY0Dr— Ava DuVernay (@ava) November 7, 2018'
Reclaiming our time! pic.twitter.com/QfxSDut8ts— 🍃Mrir🍃 (@therealmrir) November 6, 2018'
We just love this. Go get him Auntie!!! pic.twitter.com/LmBsADPFfz— Bella De Jesus-Harden (@BellaVDeJesus) November 7, 2018'
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