Banking with Interest Rep. Waters on Dem's Strategy, Stablecoins, Housing & More
Jan 29, 2025
Rep. Maxine Waters, the first woman and African-American to chair the House Financial Services Committee, discusses her long career in Congress and evolving financial policies. She highlights the importance of community banks and advocates for housing reform and stablecoin regulation. Waters reflects on post-election messaging and education in the Democratic party, critiques the influence of billionaires on policies, and emphasizes the need for accountable leadership. She also addresses the challenges faced by communities impacted by disasters like the Los Angeles wildfires.
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Working Relationships
- Maxine Waters maintained a good working relationship with former Chairman McHenry.
- She hopes to have a similarly productive relationship with Chairman French Hill, despite their political differences.
Supporting Community Banks
- Encourage community banks to actively lobby for their needs and present their needs directly to policymakers.
- Support community banks by understanding and addressing their specific challenges, not just by deregulating.
Community Banks and PPP
- Community banks played a vital role during the PPP program, especially in the South, by assisting small businesses with applications.
- Promote the personal touch and problem-solving approach of community banks to enhance their competitiveness.