Waters Set to Protect Community Banks and Dodd/Frank

Efforts by House Republicans to turn back the landmark Dodd-Frank banking law will meet with staunch resistance from Rep. Maxine Waters.

The 12-term California Democrat was just appointed as the Ranking Member on the U.S. House Financial Service Committee. She is the most senior Black female in Congress and clearly the most powerful given her senior role on the Committee. As the architect of legislation that created the new Offices of Minority Inclusion that will oversee federal financial services agencies, Waters is focused on what she can get done in the 113th Congress.

Waters told that her top priority is to stop GOP lawmakers from trying to weaken the banking law.