Statement from Senator Elizabeth Warren on Banking Committee Deal to Deregulate Big Banks
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) issued the following statement today, in response to the announcement of an agreement among members of the Senate Banking Committee, including Democrats, to loosen regulations on the financial industry:
"Instead of providing any real help to consumers hurt by the Equifax breach or the Wells Fargo fake accounts scam, this bill weakens consumer protections, helps out the country's biggest banks and encourages them to swallow up even more community banks. This bill shows once again how Washington values short-term profits for big banks ahead of the interests of consumers or the safety of the financial system."
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