News Coverage

February 07, 2018

American Banker: Equifax misled public on data breach, Warren claims

by Kate Berry

Equifax's cybersecurity regime was grossly inadequate and the company misled the public about the removal of data from its systems during a hack last summer, according to a report by Sen. Elizabeth Warren. The Massachusetts Democrat released the 15-page report on Wednesday as part of an effort to gain backing for legislation to rein in the credit bureaus. The report claims that hackers removed, rather than simply accessing, the Social Security numbers, addresses and birth dates of 145 million … Continue Reading

February 06, 2018

Charlotte Observer: Wells Fargo should find a new CEO, Elizabeth Warren says after latest Fed action

by Deon Roberts

The Federal Reserve's latest action against Wells Fargo is a new test for CEO Tim Sloan and is once again bringing pressure from the bank's biggest critics. In an unprecedented step, the Federal Reserve last week announced it is restricting Wells' growth following a raft of scandals at the San Francisco-based bank. Harshly worded letters from the Fed accuse Wells' board of failing to properly oversee the company, which the regulator said must improve its governance and controls. ... As … Continue Reading

February 05, 2018

New Republic: The Elizabeth Warren Model of Political Leadership

by David Dayen

Before turning in the executive restroom key last week, outgoing Federal Reserve Chair Janet Yellen had one final task: bringing the hammer down on Wells Fargo. Responding to a litany of failures at one of America's largest banks, most notably the issuing of 3.5 million fake accounts to customers without their knowledge, the Fed announced sanctions against Wells, including restricting the bank's growth and removing four board members. This is not nearly the punishment that Wells Fargo … Continue Reading

February 05, 2018

Dorchester Reporter: Warren demands bipartisan solution as health center crisis looms

by Jennifer Smith

Community health centers are edging ever closer to a "funding cliff" that would severely limit their ability to provide critical local care services, and US Sen. Elizabeth Warren this week leveled a sharp critique at congressional Republicans who she says are the using the centers' funding "as a bargaining chip." A group of 11 neighborhood health center leaders submitted an op-ed to the Reporter this week, decrying the continued standoff in Washington. Federal funding expired for community … Continue Reading

February 02, 2018

American Banker: CFPB's Mulvaney strips his fair-lending office of enforcement powers

Acting Consumer Financial Protection Bureau Director Mick Mulvaney has stripped the agency's fair-lending office of enforcement powers in a sign that many consumer advocates see as trying to reduce oversight and penalties for firms that discriminate against borrowers. The move appeared to be a demotion for the fair-lending division, which was previously an equal division alongside supervision and enforcement, and which is now part of the office that handles internal agency concerns about … Continue Reading

February 01, 2018

Bloomberg Law: Democrats Want Answers From Labor Dept. on Tip Sharing Secret

by Chris Opfer and Ben Penn

Sen. Elizabeth Warren (Mass.) and other leading Democrats are calling on the Labor Department to halt its new tip sharing proposal and explain why the DOL didn't tell the public about an internal analysis showing the move could cost workers billions of dollars. Warren in a letter to Labor Secretary Alexander Acosta said she is "alarmed and angry" about a Bloomberg Law report that the DOL dropped the analysis from the recent proposal. The DOL wants to allow tip pooling among restaurant servers … Continue Reading

February 01, 2018

Bloomberg Government: Revolving Door Between Trump Pentagon, Contractors Spins Faster

by Sam Skolnik

Ties between the Pentagon and the defense industry have deepened under President Donald Trump, prompting renewed concern about conflicts of interest that could result in favoritism toward top military contractors. More than 80 percent of top Defense Department officials under Trump have defense contractor work experience - in many cases extensive - compared with roughly half of those President Barack Obama appointed to the same jobs, a Bloomberg Government analysis found. ... "The Defense … Continue Reading

January 31, 2018

American Banker: Warren, Waters ask Mulvaney about CFPB change of heart on payday

by Ian McKendry

WASHINGTON - Top Democrats in the House and Senate sent a letter to Mick Mulvaney on Wednesday questioning his decision to delay the implementation of the Consumer Financial Protection Bureau's payday loan rule. "We have a number of questions about the sudden reversal of the CFPB's positions" including the payday rule, a case against four installment lenders and an investigation into a payday lender, said the letter, which was led by Sen. Elizabeth Warren of Massachusetts and the top Democrat … Continue Reading

January 31, 2018

Boston Globe: Trump promises opioid fight, but Warren and others ask, ‘Where’s the money?’

by Martin Finucane

President Trump made a lofty promise in Tuesday night's State of the Union to "fight the drug epidemic," but Senator Elizabeth Warren wants to know what his administration has actually done to address the issue. The Trump administration declared a public health emergency last year but has yet to officially allocate any new funds to address the opioid crisis, the Massachusetts Democrat said in a letter to the Government Accountability Office. "Given the severity of the crisis, we have grown … Continue Reading

January 29, 2018

Brockton Enterprise: He’s gone from Haiti to Brockton’s council -- now, Trump’s State of the Union

by Marc Larocque

BROCKTON - After coming to the U.S. in the wake of the 2010 earthquake in Haiti, learning English, going to college, gaining his citizenship and then making history at age 27 by getting elected to the Brockton City Council last year, Jean Bradley Derenoncourt was heading to President Trump's State of the Union address as the guest of Senator Elizabeth Warren, D-Mass., on Tuesday night. "I'm excited about it," said Derenoncourt, reached on Monday morning. "I think it's a wonderful opportunity … Continue Reading

January 25, 2018

The Hill: Warren rips Trump immigration proposal: It's 'insulting'

by Brandon Carter

Sen. Elizabeth Warren (D-Mass.) ripped the immigration proposal unveiled by President Trump's White House on Thursday, calling the plan "insulting." "By ending DACA, @realdonaldtrump subjected 800k Dreamers to deportation. Now he wants to hold them hostage to Steven Miller's anti-immigrant wish list. It's insulting," Warren wrote on Twitter. "We already have a bipartisan solution to the Trump-created crisis: it's called the Dream Act. #DreamActNow" Read the full article on The Hill's website … Continue Reading

January 25, 2018

Boston Globe: Led by Warren, lawmakers urge Trump to overrule Sessions on pot

by Dan Adams

A bipartisan group of 54 members of Congress led by Massachusetts Senator Elizabeth Warren and Colorado Representative Jared Polis is demanding that President Trump restore the federal government's previous hands-off approach to marijuana. Trump's attorney general, Jeff Sessions, shook the foundation of the blossoming cannabis industry earlier this month when he rescinded Obama-era policies that had discouraged federal prosecutions of marijuana operations that are legal at the state level. … Continue Reading

January 25, 2018

Huffington Post: Elizabeth Warren Lays Out Plan To Hold Health Insurers Accountable

by Daniel Marans

WASHINGTON - In a speech to a liberal health policy conference on Thursday, Sen. Elizabeth Warren (D-Mass.) proposed new rules to force private insurers to be more responsive to Americans' health care needs. Warren spoke at the annual gathering of the consumer advocacy group Families USA. She emphasized that she wholeheartedly supports efforts to expand public health insurance programs, including a "single-payer" bill introduced by Sen. Bernie Sanders (I-Vt.) that would expand Medicare to the … Continue Reading

January 18, 2018

Associated Press: Delegation: More mental health help needed for Puerto Rico

BOSTON (AP) - The state's all-Democratic congressional delegation is pressing federal officials on efforts to address mental health challenges in Puerto Rico and the U.S. Virgin Islands following Hurricanes Irma and Maria. In a letter Friday to Assistant Secretary for Mental Health and Substance Use Elinore McCance-Katz, the 11-member delegation, led by Sen. Elizabeth Warren, points out hurricanes and tropical storms can trigger emotional distress. The letter notes Puerto Rico's single suicide … Continue Reading

January 18, 2018

CNN: Senate Democrats call for hearings on workplace sexual misconduct

Washington (CNN) - Some Senate Democrats are calling for hearings to evaluate sexual assault and harassment in the workplace, as the #MeToo movement brings the discussion to the national forefront. In a letter sent by Democratic Sen. Elizabeth Warren and signed by all Democrats on the US Senate Committee on Health, Education, Labor and Pensions, the lawmakers call for the committee "to play a leadership role in tackling the problem of workplace sexual harassment and assault." ... "As members … Continue Reading

January 18, 2018

The Hill: Warren leads Senate Dem call for sexual harassment hearings

Sen. Elizabeth Warren (D-Mass.) is leading a call for hearings on sexual misconduct in the workplace in a letter signed by all Democrats on the Health, Education, Labor and Pensions Committee. "As members of the committee, it is our duty to ensure that workers are protected from sexual assault and harassment in their jobs," the letter said. "The deluge of workers who have come forward to report incidents of workplace sexual harassment and assault in recent months has rightly caused Congress to … Continue Reading

January 18, 2018

The Intercept: Elizabeth Warren Wants to Know Why a Banned Banker is a Senior Adviser at the EPA

SEN. ELIZABETH WARREN is questioning whether Albert Kelly, a senior adviser at the Environmental Protection Agency, is fit for his job. Warren, a Massachusetts Democrat, sent Kelly a letter requesting information from Kelly in light of The Intercept's December investigation that revealed he had been banned from the financial industry. "Given your troubled financial history, as well as your lack of experience in environmental policy and regulation, I am concerned that you served as Chairman of … Continue Reading

January 12, 2018

Springfield Republican: US Sens. Ed Markey, Elizabeth Warren push bill to repeal medical device tax

U.S. Sens. Ed Markey and Elizabeth Warren, D-Massachusetts, announced legislation this week that seeks to end the Affordable Care Act's excise tax on medical devices. The senators, who unveiled their so-called "No Taxation on Device Innovation Act" Thursday, said the measure would eliminate the 2.3 percent excise tax the controversial health care law imposed on devices ranging from surgical tools to pacemakers. The bill, they added, would offset the cost of repealing the tax, which was … Continue Reading

January 12, 2018

Boston Globe: Senator Elizabeth Warren leads Mass. delegation to Puerto Rico

WASHINGTON - Senator Elizabeth Warren is leading most of Massachusetts' congressional delegation on a trip to storm-ravaged Puerto Rico, where the group will tour a children's hospital and shelter Friday. In a joint statement, the lawmakers said Massachusetts is the "proud home" of 300,000 Puerto Ricans, with thousands more journeying to the state after Hurricane Maria hit. "We're going to Puerto Rico to see firsthand the devastation on the island and how we can help our fellow citizens along … Continue Reading

January 12, 2018

Springfield Republican: Elizabeth Warren, Thom Tillis offer bipartisan Senate bill to protect veterans from predatory lending

U.S. Sens. Elizabeth Warren, D-Massachusetts, and Thom Tillis, R-North Carolina, announced legislation this week that aims to protect veterans from predatory home loan practices by requiring lenders to show how borrowers would benefit from refinancing their mortgages. The lawmakers said the proposed bill, known as the Protecting Veterans from Predatory Lending Act of 2018, would target lenders abusing the Department of Veteran's Affairs' home loan program through misleading advertisements and … Continue Reading

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