Press Releases
ICYMI: At Hearing, Senator Warren Calls Out Big Bank Lobbyists for Fighting Efforts to Protect Consumers from Unfair and Discriminatory Practices
Washington, D.C. — At a hearing of the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senator Elizabeth Warren (D-Mass.) asked Janai Nelson, President and Director-Counsel of the NAACP Legal Defense and Educational Fund, and Marc Morial, President and CEO of the National Urban League, about the importance of the Consumer Financial Protection Bureau’s (CFPB) authority under the Dodd-Frank Act to root out unfair practices against consumers by banks and financial institutions. … Continue Reading
December 01, 2022
Senator Warren and Representative Castro Reintroduce the Financial Relief for Civilians Treated at Military Hospitals Act
Washington, D.C. — United States Senator Elizabeth Warren (D-Mass.) and Representative Joaquin Castro (D-Texas) introduced the Financial Relief for Civilians Treated at Military Hospitals Act, legislation that would ensure that Military Treatment Facilities (MTFs) run by the Department of Defense (DoD) can continue to enhance military readiness without racking up huge bills for civilians receiving emergency medical care.Civilians often go to MTFs when they need lifesaving emergency … Continue Reading
November 30, 2022
At Hearing, Warren Defends FDIC Chair from Baseless Attacks and Calls on Regulators to Keep Crypto out of Banking System after FTX Collapse
Washington, D.C. - At a hearing of the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senator Elizabeth Warren (D-Mass.) responded to baseless attacks against Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin Gruenberg, calling out former FDIC Chair Jelena McWilliams for breaking the law when she blocked a vote to help hold big banks accountable before ultimately resigning. Travis Hill, the nominee for FDIC Vice Chair who previously worked for McWilliams, … Continue Reading
November 30, 2022
ICYMI: Senator Warren Introduces Julia Kobick Before Senate Judiciary Committee
Washington D.C. - At today’s Senate Judiciary Committee hearing, U.S. Senator Elizabeth Warren (D-Mass.) introduced Julia Kobick, nominee to the U.S. District Court for the District of Massachusetts. Senators Warren and Edward J. Markey (D-Mass.) recommended Ms. Kobick to President Biden for appointment to the federal bench. Transcript: Senate Judiciary Committee Nomination Hearings of Julia Kobick Remarks as Prepared U.S. Senate Judiciary Committee Wednesday, November 30, 2022Senator … Continue Reading
November 23, 2022
Warren, Smith, Sanders, Markey Question RealPage CEO on YieldStar Price Setting Software’s Role in Creating Landlord “Cartel” and Exacerbating Housing Inflation
Washington D.C. - U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, along with Tina Smith (D-Minn.), Bernie Sanders (I-Vt.) and Edward J. Markey (D-Mass.) sent a letter to RealPage CEO Dana Jones, expressing concern about RealPage’s algorithmic pricing software, YieldStar, and its role in driving rising rents and exacerbating inflation. This letter follows reporting indicating that YieldStar may push affordable housing … Continue Reading
November 23, 2022
Senators Warren and Whitehouse Urge Department of Justice to Investigate FTX Collapse, Hold Any Lawbreakers Accountable
Washington, D.C. — United States Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) sent a letter to the Department of Justice (DOJ) requesting personal accountability for former FTX CEO Sam-Bankman Fried and any complicit FTX executives for wrongdoing following the cryptocurrency exchange’s swift collapse. In early November, FTX, one of the world’s-largest crypto platforms, announced that it and more than 130 additional affiliated companies had filed for bankruptcy. … Continue Reading
November 22, 2022
Senator Warren in Wall Street Journal Op-Ed: FTX’s Implosion Should Be a Wake-up Call
Op-Ed in The Wall Street JournalWashington, D.C. - Following the collapse of cryptocurrency exchange FTX, U.S. Senator Elizabeth Warren (D-Mass.) published an op-ed in the Wall Street Journal urging federal regulators to use their expansive authorities to crack down on crypto fraud and hold the industry to the same basic standards as other financial activities. Read the full op-ed here and below:The dramatic collapse of Sam Bankman-Fried’s crypto exchange, FTX, may have come as a shock … Continue Reading
November 18, 2022
Senator Warren, Lawmakers Encourage FDA to Consider Steps to Protect and Expand Access to Medication Abortion
Washington, D.C.— United States Senator Elizabeth Warren (D-Mass.) and eight Senate Democrats sent a letter to U.S. Food and Drug Administration (FDA) Commissioner Dr. Robert Califf encouraging the agency to defend Americans’ reproductive rights, and to consider steps to protect and expand access to medication abortion. “As states implement new restrictions, it is more important than ever that you take immediate steps to expand access to medication abortion,” wrote the lawmakers. “We … Continue Reading
November 17, 2022
Warren Statement on Biden Administration’s Student Debt Bankruptcy Reforms
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) released the following statement regarding the Biden administration's student debt bankruptcy reforms:“The Biden administration has taken an important step forward to reform a deeply broken bankruptcy system that has made it nearly impossible for Americans to deal with student debt, even when they’re in severe financial stress. For many years, the treatment of people who borrowed money to go to school has been much … Continue Reading
November 17, 2022
Warren, Durbin Seek Answers From FTX Founder Sam Bankman-Fried After Billion-Dollar Collapse of Crypto Firm
Washington, D.C. - US Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee and Senator Dick Durbin (D-Ill), a member of the Senate Agriculture Committee, sent a letter to Sam Bankman-Fried, founder and former CEO of FTX Trading Ltd. (FTX), and John Jay Ray III, the newly appointed CEO of FTX, seeking information on the reported misuse of billions of dollars of customer funds and other disturbing allegations that continue to emerge about … Continue Reading
November 16, 2022
ICYMI: In First Speech Since Democrats Held the Senate, Warren Calls on Democrats to Go on Offense and Continue Delivering for Working Families
Washington, D.C. - In a keynote speech at EconCon Presents, a conference co-hosted by Demos Action, EPI Action, Economic Security Project Action, Groundwork Action, Omidyar Network, and Roosevelt Forward, U.S. Senator Elizabeth Warren (D-Mass.) called on Democrats to go on the offense and tell their own economic story by continuing to deliver for working families. Senator Warren argued that Democrats can beat Republican extremists by fighting for working people and making their … Continue Reading
November 15, 2022
ICYMI: Senator Warren Introduces Judge Myong Joun Before Senate Judiciary Committee
Washington, D.C. - At today’s Senate Judiciary Committee hearing, U.S. Senator Elizabeth Warren (D-Mass.) introduced Massachusetts Judge Myong Joun, nominee to serve on the United States District Court for the District of Massachusetts. Senators Warren and Edward J. Markey (D-Mass.) recommended Judge Joun to President Biden for appointment to the federal bench. Transcript: Senate Judiciary Committee Nomination Hearings of Judge Myong Joun U.S. Senate Judiciary Committee Tuesday, … Continue Reading
November 15, 2022
At Hearing, Warren Calls out Fifth Circuit’s Dangerous Ruling Against the CFPB, Which Jeopardizes Major Financial Regulators and Stability of Financial System
Washington D.C. - At a hearing of the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senator Elizabeth Warren (D-Mass.) called out the dangerous ruling from the Republican-controlled Fifth Circuit Court of Appeals, which argued that the Consumer Protection Financial Bureau’s (CFPB) funding structure is unconstitutional because it does not rely on annual appropriations from Congress. Questioning regulators from the Federal Reserve, Office of the Comptroller of the Currency, … Continue Reading
November 15, 2022
Warren Leads Bipartisan Call for Secretary Austin to Terminate DoD Agreements Without All Housing Rights for Military Families
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass), Thom Tillis (R-N.C.), Mazie Hirono (D-Hawaii), and Jeanne Shaheen (D-N.H.), members of the Senate Armed Services Committee, and Senator Jon Ossoff (D-Ga.), Chair of the Senate Homeland Security and Governmental Affairs Committee’s Permanent Subcommittee on Investigations, sent a letter to Secretary of Defense Lloyd Austin, calling on him to use all tools and authorities at his disposal to protect military families from private … Continue Reading
November 15, 2022
Warren, Booker Ask U.S. Agriculture Department About USDA Chief Economist’s Testimony Against U.S. Justice Department on Behalf of Sugar Industry in Antitrust Case
Washington D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Cory Booker (D-N.J.) sent a letter to United States Department of Agriculture (USDA) Secretary Thomas J. Vilsack inquiring about the role of the USDA and a senior USDA employee in an antitrust lawsuit brought by the Department of Justice (DOJ) to stop United States Sugar Corporation (U.S. Sugar) from acquiring Imperial Sugar Company (Imperial). In the letter, the lawmakers express serious concerns about USDA’s chief economist … Continue Reading
November 14, 2022
Warren Statement on Nomination of Martin Gruenberg as FDIC Chair
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement regarding the nomination of Martin Gruenberg as Federal Deposit Insurance Corporation (FDIC) Chair:“I applaud President Biden’s decision to nominate Martin Gruenberg to lead the FDIC. Gruenberg is an effective regulator with a proven track record of holding banks accountable. He has spent his entire career fighting … Continue Reading
November 11, 2022
Senators Warren, Menendez, and Wyden Raise Concern over Lack of Transparency and Responsiveness in CBP Report on Haitian Migrant Treatment at Southern Border
Washington, D.C. — United States Senator Elizabeth Warren (D-Mass.), along with Senators Bob Menendez (D-N.J.) and Ron Wyden (D-Ore.), sent a letter to U.S. Customs and Border Protection (CBP) Commissioner Chris Magnus and CBP Assistant Commissioner in the Office of Professional Responsibility (OPR) Matthew Klein raising concerns about the final report released by CBP OPR on July 8 regarding the treatment of Haitian migrants at the southern border last year. On September 19, 2021, Border … Continue Reading
November 07, 2022
Senator Warren Increases Pressure on Fed for Public Transparency Amid Latest “Egregious and Embarrassing” Ethics Breach
Washington, D.C. — United States Senator Elizabeth Warren (D-Mass.) sent a letter to Federal Reserve (Fed) Chair Jerome Powell raising concerns about the culture of corruption at the Fed and renewing requests for information about the Fed’s recent ethics scandals, including all stock trades made by Fed governors and presidents from January 1, 2020. Senator Warren also asked new questions regarding the Fed’s policy around the agency’s latest ethics problem, non-public briefings by … Continue Reading
November 07, 2022
Warren Calls Out Wells Fargo and Zelle for “Evasive”, “Inaccurate” and “Misleading” Responses about Fraud and Scams on Zelle; Calls for Companies to Publicly Release All Data on Zelle Fraud and Scams
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, today sent a letter to Wells Fargo and a letter to Early Warning Services (EWS), the parent company of bank-owned peer-to-peer payment platform Zelle, about rampant fraud and scams on Zelle. Senator Warren’s recent investigation, based on data provided by the banks that own Zelle, found alarming rates of fraud and scams on the platform and that fraud … Continue Reading
November 03, 2022
Warren, Schakowsky, Lawmakers Urge Private Equity Firm Cerberus Capital Management to Pause $4 Billion Dividend Tied to Kroger-Albertsons Merger
Washington, D.C.— United States Senators Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), and Bernie Sanders (I-Vt.), along with Representatives Jan Schakowsky (D-Ill.), Katie Porter (D-Calif.) and Chuy García (D-Ill.) sent a letter to the CEO of Cerberus Capital Management, urging the private equity firm to pause the payment of the $4 billion Albertsons dividend scheduled for Monday and to provide answers about the impact of the dividend on the Kroger-Albertsons merger. In the letter, … Continue Reading
