“You owe your customers and the public an explanation for the economically disastrous outcomes you created: you worked hard to weaken the rules, promised that they “bode(d) well” for your bank – and then destroyed it with bad decision-making and...
Text of Letter (PDF) Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) led a letter with 19 other senators to Internal Revenue Service (IRS) Commissioner Daniel Werfel and Treasury Secretary Janet Yellen, expressing strong support for...
Letter Notes Powell’s Support for Legislative, Regulatory, and Supervisory Rollbacks: “Make no mistake: your decisions aided and abetted this bank failure, and you bear your share of responsibility for it.” Text of Letter (PDF) Washington, D.C. – United States Senator...
Video of Hearing (YouTube) Washington, D.C. – Today, chairing her first hearing of the Senate Armed Services Subcommittee on Personnel, Senator Elizabeth Warren (D-Mass.) highlighted the importance of providing adequate child care to military families, addressing failures in the Junior...
On the fifth anniversary of the Senate passage of rules weakening the Dodd-Frank protections, Senator Warren introduced legislation to reverse the mistakes that Congress and President Trump made with these rollbacks. Link to video (Youtube) Washington, D.C. – U.S. Senator...
“Key SVB officials showed a pattern of risky and questionable decision making that may have contributed to the bank’s instability and collapse.” Text of Letter (PDF) Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) sent a...
The Trump Banking Law Rolled Back “Too Big to Fail” Rules; Created Conditions for Collapse of Silicon Valley Bank Text of Bill (PDF) Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) and U.S. Representative Katie Porter (D-Calif.) led dozens of...
Text of Letter (PDF) Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to ex-Silicon Valley Bank CEO Greg Becker to inquire about his and SVB lobbyists’ efforts to roll back Dodd-Frank rules prior to the collapse of...
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.) released the following statement following the Federal Reserve’s announcement that it will launch an internal review of its supervision and regulation of Silicon Valley Bank after the bank’s failure last week. ...
Op-Ed in the New York Times Washington, D.C. – Following the failure of Silicon Valley Bank (S.V.B.), U.S. Senator Elizabeth Warren (D-Mass.) published an op-ed in the New York Times urging Congress and federal regulators to strengthen weakened rules to...
Boston, MA – U.S. Senator Elizabeth Warren (D-Mass.) released the following statement after the failure of Silicon Valley Bank (SVB): “In the wake of Silicon Valley Bank’s failure, I am receiving updates from the FDIC, and I expect there will...
Text of Letter (PDF) Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), along with Senators Sheldon Whitehouse (D-R.I.) and Ed Markey (D-Mass.) sent a letter to Treasury Secretary Janet Yellen following Climate Counselor John Morton’s departure and urging Treasury to...