News Coverage

March 16, 2018

Vice: Elizabeth Warren Explains How the Banking Bill Will Put Families at Risk

by Seamus Kirst

On Wednesday night, 17 Democrats joined every single Republican in Senate in passing a bill to ease regulations on most of the major banks in the country. Senator Elizabeth Warren was not one of the senators in that coalition, and she certainly did not hold back her criticism of the choice they'd just made. "Republicans and Democrats came together today to deregulate the big banks and set the stage for another financial crash. Bankers are popping champagne because the Bank Lobbyist Act just … Continue Reading

March 15, 2018

Boston Globe: Warren, Markey join other senators in requesting an update on Puerto Rico from federal agencies

by Felicia Gans

On Wednesday morning, about 140,000 Mass. utility customers were left without power in the wake of a nor'easter that brought whipping winds and heavy snow to the region. But on the same day, a similar number of residents were without power in Puerto Rico - except they have been in the dark for six months. This week, five senators, including Elizabeth Warren and Ed Markey of Massachusetts, expressed their own concern about the US territory in a letter to federal officials about efforts to … Continue Reading

March 14, 2018

American Banker: Warren introduces bill to end ‘too big to jail’

by Joe Adler

Sen. Elizabeth Warren, D-Mass., introduced a bill Wednesday that would create a permanent law enforcement unit to investigate potential criminal activity at large financial institutions. The move by Warren was in stark contrast to the bipartisan legislation to roll back certain provisions of the Dodd-Frank Act, which is expected to pass the Senate on Thursday morning. ... Read the full article on the American Banker website … Continue Reading

March 11, 2018

Politico: Warren worries Kim would 'take advantage' of Trump in talks

by Aubree Eliza Weaver

March 09, 2018

The Hill: Warren turns focus to Kushner’s loans

by John Bowden

Massachusetts Sen. Elizabeth Warren (D) joined several other Democrats on Friday demanding information from two companies on their business dealings with President Trump's son-in-law, Jared Kushner. In two letters obtained by Politico, the Massachusetts Democrat, alongside Sens. Tom Carper (D-Del.) Gary Peters (D-Mich.), and Rep. Elijah Cummings (D-Md.), called for Citigroup and Apollo Global Management to release details of loans they provided Kushner Companies after meeting with Kushner in … Continue Reading

March 07, 2018

Financial Planning: Warren, PIABA call for FINRA fund to pay arbitration awards

by Kenneth Corbin

Investor advocates and one of their leading voices in Congress are upping pressure on FINRA to ensure that bilked investors are paid the compensation they were awarded through arbitration. Sen. Elizabeth Warren (D-Massachusetts) on Tuesday introduced the Compensation for Cheated Investors Act, which would direct FINRA to create a pool of money earmarked to pay compensation to investors who might otherwise go unpaid. The funds would be drawn from enforcement penalties collected from brokers. … Continue Reading

March 07, 2018

Newsmax: Sen. Warren: Effort to Roll Back Banking Rules a 'Bad Idea'

by Mark Swanson

Democratic Sen. Elizabeth Warren on Wednesday panned the bipartisan effort to roll back banking regulations, telling MSNBC "did we learn nothing from the crash of 2008?" Warren, D-Mass., told MSNBC's Stephanie Ruhle that the bill is a wolf disguised in sheep's clothing vis-à-vis the effort to help out small banks. "If this been a bill just about the smaller banks, I'd be all in. … But that's not what this bill is," Warren told Ruhle. "This bill offers a few changes for small … Continue Reading

March 07, 2018

Warren Leads Senators Urging NLRB to Allow McDonald's Joint-Employer Case to Advance

March 06, 2018

InvestmentNews: Sen. Warren introduces bill targeting unpaid Finra arbitration awards

by Mark Schoeff Jr.

Sen. Elizabeth Warren, D-Mass., introduced legislation Tuesday that would require Finra to create a fund to cover unpaid arbitration awards. Under Ms. Warren's bill, the broker-dealer self-regulator would draw from the fines it assesses on member firms for violating Finra rules to establish a pool of money to cover arbitration shortfalls. ... "Finra has the authority to make sure defrauded investors don't get stiffed - and this bill will make sure it uses it," Ms. Warren said in a … Continue Reading

March 06, 2018

The Guardian: Elizabeth Warren attacks 'dangerous, wrong' bill to relax rules on US banks

by Lauren Gambino

Congress has forgotten the "devastating impact of the financial crisis", Senator Elizabeth Warren said on Tuesday as Republicans moved closer to relaxing banking regulations implemented after the financial crash of 2008. ... Warren, the Massachusetts Democrat who worked with the Obama administration on banking industry oversight after the 2008 crash, pledged to fight the bill, even if she faced long odds. "There's Democratic and Republican support because the lobbyists have been pushing … Continue Reading

March 02, 2018

Wonkette: Professor Elizabeth Warren Grades Betsy DeVos’s First Year, Is All Out Of Fs To

by Doktor Zoom

Sen. Warren and Rep. Katherine Clark, both of Massachusetts, released a 17-page report titled "DeVos Watch, Year One," cataloging the many follies and failures of the Education secretary's first year, with four major sections. ... Warren and Clark detail DeVos's refusal to take campus rape seriously, rolling back Obama-era rules on dealing with campus sexual violence. And of course her decision to toss out protections for transgender students - another legacy from the Obama administration. … Continue Reading

March 02, 2018

Investopedia: Sen. Warren Asks Fidelity, Other Funds to Demand Gun Industry Change

by Donna Fuscaldo

Massachusetts Senator Elizabeth Warren is calling on some of the nation's largest fund companies and investors in gun companies - including Fidelity Investments, Vanguard, Invesco and BlackRock, Inc. (BLK) - to use their clout to demand change from the gun industry. ... "Now it's time to put your money where your mouth is," Warren wrote in one of the letters that was sent to Larry Fink, head of BlackRock, according to The Boston Globe. Warren wants the fund companies to pressure the gun … Continue Reading

March 02, 2018

MassLive: US Sen. Elizabeth Warren seeks data on prevalence of sexual harassment in financial sector

by Shannon Young

U.S. Sen. Elizabeth Warren urged federal regulators this week to detail how common sexual harassment is in the financial services industry -- a sector which she argued has had relatively few public reports of such behavior. The Massachusetts Democrat, in a pair of Thursday letters, asked officials with the Financial Industry Regulatory Authority and Securities and Exchange Commission to provide information on how often sexual harassment -- an issue which has gained national attention in … Continue Reading

March 02, 2018

GoLocalWorcester: Warren Blasts Equifax After Disclosure of 2 Million More Americans Affected by Data Breach

by GoLocalWorcester News Team

Massachusetts Senator Elizabeth Warren is blasting Equifax following their disclosure of more than 2 million more Americans were affected by a Massive Data Breach. ... Warren released the following statement: "I spent 5 months investigating the Equifax breach and found the company failed to disclose the full extent of the hack. Today, Equifax acknowledged that 2.4 million more people were affected than initially reported and that driver's license information was also stolen. Equifax can't … Continue Reading

March 01, 2018

Bloomberg: Elizabeth Warren Wants Wall Street to Have a #MeToo Moment

by Benjamin Bain

Senator Elizabeth Warren wants regulators to make sure Wall Street doesn't dodge the #MeToo movement. Warren, the finance industry's leading critic in Congress, asked the Securities and Exchange Commission what it's done to ensure banks have established policies and disciplinary systems to prevent sexual harassment. The Massachusetts Democrat and two other senators also asked the Financial Industry Regulatory Authority, which oversees broker-dealers, for data on the prevalence of abuse in the … Continue Reading

March 01, 2018

Washington Post: Booker, Warren take aim at chains that use ‘non-poaching’ deals to keep workers stuck at one store

by Jeff Stein

Say you work at a Jiffy Lube 30 miles from your house. You're happy enough there, but when you see an opening at another Jiffy Lube that's around the corner from where you live, you can't resist applying. You think you've got a decent chance; after all, you're already trained for the job. After you apply, however, you don't hear anything back. It's possible you just weren't the candidate they wanted. But it's also possible that you were never even considered because your local Jiffy Lube was … Continue Reading

March 01, 2018

MassLive: Elizabeth Warren, Katherine Clark release report criticizing Betsy DeVos' work at Education Department

by Shannon Young

Members of Massachusetts' congressional delegation who have previously raised concerns about Betsy DeVos leading the Department of Education, released a new report Thursday suggesting that the secretary's tenure has "been a boon for shady for-profit colleges, student loan companies and school privatization advocates." U.S. Sen. Elizabeth Warren, D-Massachusetts, and U.S. Rep. Katherine Clark, D-Melrose, unveiled their first "DeVos Watch" annual review, a 17-page report that examines the … Continue Reading

March 01, 2018

MarketWatch: Warren says Fed should vote on whether to lift growth shackles on Wells Fargo

by Steve Goldstein

The Federal Reserve should vote rather than leave it to a staffer to determine whether to lift the growth restrictions on Wells Fargo over its customer account scandal, Sen. Elizabeth Warren said Thursday.Warren made the call during the Senate Banking Committee hearing with Federal Reserve Chairman Jerome Powell. The Fed last month said the bank was not allowed to grow after opening millions of unauthorized customer accounts as well as charged hundreds of thousands of borrowers for unneeded … Continue Reading

February 28, 2018

The Business Journals: Elizabeth Warren wants to curb secret settlements

by Betsey Guzior

U.S. Sen. Elizabeth Warren, a Democrat from Massachusetts, is introducing a bill that will make it harder for companies to hide settlements over sexual harassment claims with employees. ... "Our bill will help systemically expose workplace harassment and push employers across the country to aggressively prevent it," Warren told BuzzFeed News.The proposed law also would require companies to report the number of complaints in the process of being resolved, per BuzzFeed.Read the full article on … Continue Reading

February 28, 2018

Salon: Elizabeth Warren: Equifax might profit off its data breach

by Rachel Leah

Equifax has not told the whole story when it comes to its massive security breach first reported last September, Sen. Elizabeth Warren (D-MA) says. Over the last five months, her office investigated the breach and presented its findings in a new report, "Bad Credit: Uncovering Equifax's failure to protect Americans' personal information." In summation, Warren told Marketplace Tech's Molly Wood, "What they did was worse, a whole lot worse, than they originally admitted." ...Now, Warren is … Continue Reading

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