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California Democratic Rep. Maxine Waters has officially been charged with violating ethics rules.

The senior member of the House Financial Services Committee is set to face a trial in the fall much like her fellow Democratic, Rep.Charles Rangel of New York, unless she negotiates a settlement.

The House ethics committee has not released the details on the formal charges against her.

Waters has been under investigation for possible conflict of interest involving her assistance to a bank that was seeking federal aid that her husband had connections to with their stock and board of directors.

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