Press Releases

April 10, 2013

Warren and Cummings to OCC and Federal Reserve: Illegal Foreclosures are Not ‘Corporate Trade Secrets’

Washington, DC (April 10, 2013)-Today, Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry challenging the decision by agency staff not to provide any documents in response to a requestfrom the Members of Congress seeking documents relating to … Continue Reading


April 09, 2013

Bipartisan Group of Senators Urges Financial Regulators to Prioritize Rules and Regulations that Help End “Too Big To Fail”

WASHINGTON-U.S. Senators Bob Corker, R-Tenn., Sherrod Brown, D-Ohio, Elizabeth Warren, D-Mass., David Vitter, R-La., and Susan Collins, R-Maine, today wrote to Federal Reserve Governor Daniel K. Tarullo, Comptroller of the Currency Thomas Curry, and Chairman of the FDIC Martin Gruenberg, urging them to "proceed deliberately and expeditiously" to finalize rules regarding capital requirements for large financial institutions and to ensure that should a large institution fail, the losses … Continue Reading


April 08, 2013

Statement from Senator Warren on National Retirement Planning Week

WASHINGTON, DC- U.S. Senator Elizabeth Warren (D-MA) released the following statement today in recognition of National Retirement Planning Week, which is being held April 8th - April 12th, 2013: "National Retirement Planning Week is a great chance for Massachusetts families to review their savings and retirement plans. It's important to begin planning early for retirement to ensure financial security and comfort later in life. Families can take time this week to think about their savings and … Continue Reading


March 28, 2013

Mass. Delegation Unanimous in Support for Universal Gun Background Checks

WASHINGTON, D.C. - In honor of the Mayors Against Illegal Guns Coalition's "National Day to Demand Action," all eleven members of the Massachusetts congressional delegation today pledged their support for universal gun background checks as a common sense reform to help end gun violence. "It is long past time for the Senate to pass common sense gun control measures that will help protect our kids and make our communities safer," said Sen. Warren. "I applaud the leadership of Mayor Menino and … Continue Reading


March 25, 2013

Warren and Cummings to Meet with Fed and OCC on Foreclosure Abuses

Washington, D.C. (March 25, 2013) - Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry accepting their proposal for a meeting to discuss the requests Warren and Cummings have made for documents relating to mortgage servicer abuses identified as part of the Independent Foreclosure Review. "Criminal activity should not be shielded by regulators as if it constitutes … Continue Reading


March 23, 2013

Sen. Warren and Sen. Murkowski Pass Bipartisan Budget Amendment to Help Fund Fishing Disaster Relief

WASHINGTON, DC - The U.S. Senate today passed a bipartisan amendment introduced by Senator Elizabeth Warren (D-MA) and Senator Lisa Murkowski (R-AK) to help provide critical disaster relief funds for fishermen. The amendment was the first introduced and passed by Senator Warren since she took office in January. Co-sponsors include Senators William "Mo" Cowan (D-MA), Mark Begich (D-AK), Charles Schumer (D-NY), Kirsten Gillibrand (D-NY), Jack Reed (D-RI), Sheldon Whitehouse (D-RI), Jeanne … Continue Reading


March 22, 2013

Senator Elizabeth Warren Introduces Her First Senate Amendment

WASHINGTON, DC - U.S. Senator Elizabeth Warren (D-MA) has introduced an amendment to help provide critical disaster relief funds for the Northeast fishing industry. Co-sponsors of the amendment include Senators William "Mo" Cowan (D-MA), Charles Schumer (D-NY), Kirsten Gillibrand (D-NY), Jack Reed (D-RI), Sheldon Whitehouse (D-RI), Jeanne Shaheen (D-NH), and Angus King (I-ME).The amendment is the first introduced by Senator Warren since she took office in January. This amendment would allow … Continue Reading


March 19, 2013

Statement from Senator Elizabeth Warren on the Nomination of Tom Perez for Secretary of Labor

Washington, DC - U.S. Senator Elizabeth Warren today released the following statement on President Barack Obama's nomination of Tom Perez to serve as Secretary of Labor: "Tom Perez has a proven track record of success as an elected official and federal prosecutor. He is a great choice to lead the Department of Labor at this critical … Continue Reading


March 19, 2013

HousingWire: Senators Warren, Corker reach across the aisle on GSE reform

Four Senators are crossing party lines to propose a GSE reform bill that, if passed, would prevent the government from using guarantee-fee hikes at Fannie Mae and Freddie Mac to cover other spending initiatives. The proposed legislation also would prohibit the sale of GSE-preferred shares owned by the Treasury without congressional approval and the completion of GSE reform first. The bill, titled 'Jumpstart GSE Reform Act,' pulled in four well-known sponsors: CFPB architect and U.S. Sen. … Continue Reading


March 19, 2013

Senator Warren's Statement on the Banking Committee's Approval of the Nominations of Rich Cordray and Mary Jo White

Washington, DC - U.S. Senator Elizabeth Warren today released the following statement after the Senate Banking Committee voted to recommend to the full Senate the nominations of Rich Cordray for Director of the Consumer Financial Protection Bureau, and Mary Jo White to head the Securities and Exchange Commission: "I am pleased that the Banking Committee moved forward the nominations of Rich Cordray and Mary Jo White. "The SEC needs a strong leader to issue meaningful and final rules under … Continue Reading


March 14, 2013

Updated deadline: Senator Warren Announces Advisory Committee on Massachusetts Judicial Nominations

BOSTON - The deadline for interested candidates to apply for U.S. District Court nominations in Boston and Springfield has been extended, with applications due to the Advisory Committee by Monday, April 15th. Last month, Senator Elizabeth Warren announced the appointment of an Advisory Committee on Massachusetts judicial nominations to solicit, interview, and comment on applications for federal District Court vacancies in Springfield and Boston. Warren will review the work of the Committee and … Continue Reading


March 14, 2013

Corker, Warner, Vitter, Warren Introduce “Jumpstart GSE Reform Act”

WASHINGTON-In an effort to spur substantive and structural housing finance reform, U.S. Senators Bob Corker, R-Tenn., Mark Warner, D-Va., David Vitter, R-La., and Elizabeth Warren, D-Mass., all members of the Senate Banking, Housing and Urban Affairs committee, today introduced the "Jumpstart GSE Reform Act." The legislation would prohibit any increase in the guarantee fee - which is required to be charged by government-sponsored enterprises Fannie Mae and Freddie Mac - from offsetting other … Continue Reading


February 27, 2013

Sen. Elizabeth Warren's Remarks to Credit Union National Association

Remarks as Prepared for Delivery Thank you, Dan, for that kind introduction, and thank you, Bill and the members of CUNA, for inviting me to join you this morning. I have been a proud member of a credit union for many, many years, and I have long believed that credit unions are a model for how financial services institutions can provide real value for their customers and their communities. Last year, I stood with Judy - an Air Force veteran and mother of four - at the Worcester Credit … Continue Reading


February 27, 2013

Warren, Cowan, Lynch Announce Federal Fire Grant for Walpole

Senators Elizabeth Warren and William "Mo" Cowan and Representative Stephen F. Lynch announced recently that the Town of Walpole has been awarded a grant through the Assistance to Firefighters Grant Program. The federally-funded award, in the amount of $116,209, will be used to replace an antiquated fire alerting system. The new system will connect the police department and all three fire stations in Walpole for more efficient and effective communications. Funded by Congress, the Assistance … Continue Reading


February 15, 2013

Sens. Warner, Warren Urge Action on Consumer Credit Reporting

WASHINGTON, D.C. - U.S. Sens. Mark R. Warner (D-VA) and Elizabeth Warren (D-MA) today sent a letter to the heads of the Consumer Financial Protection Board (CFPB) and the Federal Trade Commission (FTC) urging them to take action to improve consumer credit reporting. Recent CFPB and FTC reports found that 20 percent of consumers could identify at least one error in a credit report issued by one of the three major credit reporting agencies and that more than five percent of consumers found … Continue Reading


February 14, 2013

Democrats Stand with President Obama on Cordray Nomination

WASHINGTON, DC - Today, Senate Majority Leader Harry Reid and Senate Banking Committee Chairman Tim Johnson (D-SD) spearheaded a letter to President Obama, signed by 54 Senate Democrats and Independents, commending him for his support for the Consumer Financial Protection Bureau (CFPB) and for renominating Richard Cordray to be Director. The letter informs the President that a majority in the Senate supports the nomination of Richard Cordray to be director of the CFPB and opposes any … Continue Reading


February 13, 2013

Reed, Brown, Warren Demand an Up or Down Vote on CFPB Director

WASHINGTON, DC - In an effort to protect consumers and crack down on financial fraud and abuse, U.S. Senators Jack Reed (D-RI), Sherrod Brown (D-OH), and Elizabeth Warren (D-MA) today called on Republicans to end unprecedented obstruction and allow an up or down vote on Richard Cordray's nomination to lead the Consumer Financial Protection Bureau (CFPB). Reed, Brown, and Warren, who are members of the Banking Committee, said that confirming a CFPB director will help consumers and … Continue Reading


February 13, 2013

Reed, Brown, Warren Demand an Up or Down Vote on CFPB Director

WASHINGTON, DC - In an effort to protect consumers and crack down on financial fraud and abuse, U.S. Senators Jack Reed (D-RI), Sherrod Brown (D-OH), and Elizabeth Warren (D-MA) today called on Republicans to end unprecedented obstruction and allow an up or down vote on Richard Cordray's nomination to lead the Consumer Financial Protection Bureau (CFPB). Reed, Brown, and Warren, who are members of the Banking Committee, said that confirming a CFPB director will help consumers and strengthen … Continue Reading


January 31, 2013

Warren and Cummings Launch Joint Investigation of Settlement Ending Independent Foreclosure Review Process

Washington, D.C. (Jan. 31, 2013) -- Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry seeking documents relating to their recent settlement with mortgage servicers that ended the Independent Foreclosure Review (IFR) process. "We believe that public confidence in the settlement - the confidence necessary to speed recovery of the housing markets - will exist only if the … Continue Reading


January 24, 2013

Statement from Sen Elizabeth Warren on re-nomination of Richard Cordray to lead the Consumer Financial Protection Bureau

"I am very pleased that the President has decided to re-nominate Rich Cordray as Director of the Consumer Financial Protection Bureau. I worked with Rich to set up the agency and believe he is a strong leader with a proven track record of fighting for consumers and pushing for a level playing field between big banks and smaller financial institutions like community banks and credit unions. The CFPB has had an extraordinary first year and a half - holding credit card companies … Continue Reading

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