Press Releases
Senator Warren Applauds New CFPB Protections for Consumers Sending Money Abroad
Washington, DC - United States Senator Elizabeth Warren today applauded the Consumer Financial Protection Bureau (CFPB) for a new rule the agency issued to protect American consumers making electronic money transfers to foreign individuals and companies, known as "remittance transfers." Until the CFPB was tasked with issuing rules around transfers abroad, there were no protections for remittances. These rules, which go into effect today, will give consumers new confidence that the money they … Continue Reading
October 25, 2013
Warren, Markey, Keating and Kennedy Announce Major Storm Mitigation Grants for Massachusetts
Washington, DC - United States Senators Elizabeth Warren and Edward J. Markey, and Representatives Bill Keating and Joe Kennedy III today announced that Massachusetts has been awarded major grants from the Department of the Interior and the U.S. Fish and Wildlife Service to support storm mitigation efforts. Salt marsh and wetland restoration and flood resilience projects in Dartmouth, Chatham, Harwich, Yarmouth and Taunton will receive more than $10.4 million in total funding. "These grants … Continue Reading
October 23, 2013
Senator Warren Highlights Enforcement Record of SIGTARP, Questions Fed, SEC, OCC
PDF of the full letter is available here WASHINGTON, DC - Today, United States Senator Elizabeth Warren sent a letter to Chairman Ben Bernanke of the Board of Governors of the Federal Reserve System (Fed), Chair Mary Jo White of the U.S. Securities & Exchange Commission (SEC) and Comptroller Thomas Curry of the Office of the Comptroller of the Currency (OCC) to request information about the enforcement records of their agencies between 2009 and 2012. "According to a recent analysis by the … Continue Reading
October 11, 2013
Sens. Warren and Markey Sign Letter Urging Immediate Flood Insurance Rate Relief for Homeowners
WASHINGTON, DC - United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.) have signed a bipartisan letter urging Congress to act now to provide immediate rate relief for homeowners impacted by new Federal Emergency Management Agency (FEMA) flood insurance rules. "While we support the long-term reauthorization of the program, we have serious concerns about the sharp rate increases included in that legislation that could render flood insurance unaffordable and … Continue Reading
October 11, 2013
Sen. Warren, Financial Industry Leaders Agree that National Default Would Have Dangerous Consequences
Video of Sen. Warren's Q&A at the Banking Hearing Available Here WASHINGTON, DC - At a Senate Banking Committee hearing on Thursday, United States Senator Elizabeth Warren (D-Mass.) asked financial industry representatives about the economic consequences of a default on our nation's debt if Congress does not raise the debt ceiling. "If the very prospect of a default costs us money and costs us our good name, I don't understand why we keep voluntarily raising the prospect of default with … Continue Reading
October 09, 2013
Senator Warren Urges Congress to Raise the Debt Ceiling Immediately to Prevent Default and Avoid Recession
Video of the Senator's remarks is available here WASHINGTON, DC- In a speech today on the floor of the United States Senate, Senator Elizabeth Warren (D-Mass.) outlined the potential consequences of a voluntary default on our nation's debt and called on Congress to immediately raise the debt ceiling. "We're in this position for one reason, and one reason only: because Congress told the government to spend more money than we have - and Congress told the Treasury to run up our debt to pay … Continue Reading
October 04, 2013
Senator Warren Speaks About the Shutdown and Why Government Matters
Video of the Senator's remarks is available here Full text of the Senator's remarks is available here WASHINGTON, DC - In remarks on the floor of the United States Senate Thursday, Senator Elizabeth Warren spoke about the consequences of the Republican shutdown, and why government matters to the American people. "The anarchy gang is quick to malign government, but when was the last time anyone called for regulators to go easier on companies that put lead in children's toys? Or for food … Continue Reading
September 30, 2013
Sen. Warren Addresses House Republicans' Threat to Shut Down Government, Assault on Women's Health Care
Full Video of the Senator's Remarks Here Washington, DC - In remarks on the floor of the United States Senate today, Senator Elizabeth Warren addressed House Republicans' irresponsible threats to shut down the government and steps to deny women access to contraception and affordable health care. She urged House Republicans to stop their assault on orderly functioning of our government and economy, to keep the government open, and to address the impact of drastic spending cuts from the … Continue Reading
September 28, 2013
Remarks to the Education Writers Association Conference on Higher Education
Senator Elizabeth WarrenRemarks to the Education Writers Association Conference on Higher EducationNortheastern UniversityBoston, MA As Prepared for Delivery Thank you to Caroline Hendrie and the Education Writers Association for inviting me to join you today. The American education system faces some huge challenges, and high quality news coverage in this area is more important than ever. So I am very pleased to have the opportunity to speak with you today. I understand that you all have been … Continue Reading
September 27, 2013
Senators Warren, Markey, Congressman Neal Announce $3.8 Million Grant for Springfield Public Schools
Washington, DC - United States Senators Elizabeth Warren and Edward J. Markey, and Congressman Richard E. Neal today announced that the Department of Education's Office of Innovation and Improvement has awarded Springfield Public Schools (SPS) a $3,850,000 Magnet School Assistance Program grant. Senator Elizabeth Warren wrote a letter to the Department of Education earlier this year in support of the grant application. "This award is exciting news for Springfield Public Schools," said … Continue Reading
September 27, 2013
Senators Warren, Markey, Congressman Neal Announce $3.8 Million Grant for Springfield Public Schools
Washington, DC - United States Senators Elizabeth Warren and Edward J. Markey, and Congressman Richard E. Neal today announced that the Department of Education's Office of Innovation and Improvement has awarded Springfield Public Schools (SPS) a $3,850,000 Magnet School Assistance Program grant. Senator Elizabeth Warren wrote a letter to the Department of Education earlier this year in support of the grant application. "This award is exciting news for Springfield Public Schools," said … Continue Reading
September 26, 2013
Senators Warren, Markey, and Reps. Tsongas, McGovern Applaud Mt. Wachusett Community College for Securing Major Advanced Manufacturing Training Grant
Washington, DC - United States Senators Elizabeth Warren and Edward J. Markey and Representatives Niki Tsongas and Jim McGovern today applauded Mount Wachusett Community College (MWCC) for securing a major grant from the Department of Labor. MWCC, located in Gardner, will oversee the $15.9 million grant in partnership with Southwest Tennessee Community College, North Central State College in Ohio, and Bossier Parish Community College in Louisiana, to create the Advanced Manufacturing, … Continue Reading
September 26, 2013
Sen. Warren Calls on Financial Industry Executives to Support Raising Debt Ceiling, Ending 'Too Big to Fail' in Remarks to Financial Services Roundtable
Washington, DC - In remarks to the Financial Services Roundtable today, Senator Elizabeth Warren called on executives from some of the largest financial institutions to speak out against a voluntary default on the United States' debt and to support additional measures to address "Too Big To Fail." "Let me bring this home: this whole mess is already costing you money, and it could well cost you a lot more," said Senator Warren. "If the government's borrowing costs go up, your costs will go up. … Continue Reading
September 26, 2013
Democratic Lawmakers Ask Big Bank CEOs to Explain Student Debit Card Deals with Colleges
Washington, DC - Democratic lawmakers in the House and Senate today expressed deep concern over financial arrangements between colleges and banks that could steer financially-strapped students into fee-laden debit cards that increase the costs of college. In letters sent to some of the nation's largest banks, the legislators ask bank executives to explain the scope of any such arrangements, how much money the deals pay to colleges, and how much in fees are charged to students. Policymakers … Continue Reading
September 25, 2013
Markey, Warren Call for Full Funding of LIHEAP in Continuing Resolution
Washington (September 25, 2013) - With winter on the horizon and as Congress debates a spending plan for the remainder of the year, Senators Edward J. Markey (D-Mass.) and Elizabeth Warren (D-Mass.) joined with 32 of their colleagues in a bipartisan letter to Senate leadership calling for maintaining funding of $3.46 billion for the Low Income Home Energy Assistance Program (LIHEAP) in any upcoming continuing resolution. Nationwide, LIHEAP helps low-income households, veterans, and seniors pay … Continue Reading
September 24, 2013
Senator Warren Applauds FHA Loan Modification Policy Change
WASHINGTON, DC - United States Senator Elizabeth Warren today applauded a policy change announced by the Federal Housing Administration (FHA) allowing more individuals to qualify for FHA loan modifications. In July, Warren authored an amendment to compel this change, and earlier this month she wrote to FHA with Senate Banking Committee Chairman Tim Johnson (D-SD) urging the Administration to adopt this policy. "This policy change will reverse the discrimination against seniors, veterans, and … Continue Reading
September 24, 2013
Sens. Warren, Markey Announce Nearly $12 Million Federal Grant to Reduce Juvenile Recidivism in Massachusetts
WASHINGTON, DC - United States Senator Elizabeth Warren and Senator Edward J. Markey today announced that the United States Department of Labor (DOL) has awarded the Massachusetts Executive Office of Labor and Workforce Development (LWD) a major $11.67 million from its Workforce Innovation Fund. The grant is part of the Pay for Success program, which provides funding for programs that achieve measurable outcomes of success. It will support a project aimed at increasing employment and reducing … Continue Reading
September 24, 2013
Sen. Warren, Holly Petraeus, and Rep. Tsongas Hold Roundtable Discussions on Financial Issues Facing Veterans & Military Families
BOSTON, MA -- United States Senator Elizabeth Warren, Director of the Consumer Financial Protection Bureau's (CFPB) Office of Servicemember Affairs Holly Petraeus, and U.S. Representative and House Armed Services Committee member Niki Tsongas today held roundtable discussions with servicemembers, veterans, and their families at Bunker Hill Community College in Charlestown, and at UMass Lowell. At the events, they discussed financial issues facing military families, and the CFPB's efforts to … Continue Reading
September 19, 2013
Senator Warren Raises Concerns About Implementation of New FEMA Flood Insurance Rules at Senate Hearing
WASHINGTON, DC - At a Senate Banking subcommittee hearing Wednesday, United States Senator Elizabeth Warren raised concerns with Federal Emergency Management Agency (FEMA) Administrator Craig Fugate about the implementation of new flood insurance rules. Senator Warren asked Administrator Fugate about the impact of the new rules on many families in Massachusetts and across the country who have been placed into a flood zone for the first time, and are now being asked to pay thousands of dollars … Continue Reading
September 18, 2013
Senators Warren, Crapo Call for Energy Efficiency Study
New England Clean Energy Council, American Council for an Energy-Efficient Economy, Alliance to Save Energy, and Numerous Energy Efficiency Companies Urge Senate to Pass Amendment Washington, DC - Senators Elizabeth Warren (D-MA) and Mike Crapo (R-ID) have introduced a bipartisan amendment directing the U.S. Department of Energy to quantify the cost savings from operational energy efficiency technologies in an effort to increase public and private use ofthese technologies, without creating … Continue Reading
