If Maxine Waters Takes Over the House … It's a week since the midterm elections results were declared and the Democrats took over the House of Representatives. Now, come January 2019, the House Financial Services Committee, which oversees the United States banking system, is also likely to get a new Chair in the form of Rep. Maxine Waters (D-California). A vocal critic of the current administration, Waters is expected to get tough on big banks calling for more regulations on financial institutions. Right after the elections, Waters released a statement indicating that she would make it a key priority to ensure “that [the Bureau of Consumer Financial Protection] can be allowed to resume its essential role of protecting consumers from harmful practices without interference from the Trump Administration.” This could put her on a course to butt heads with BCFP Acting Director Mulvaney, or his appointed successor, Trump nominee Kathy Kraninger, assuming she is confirmed (...