Press Releases

May 04, 2022

At Hearing, Warren Calls Out JPMorgan Chase, Bank of America, and Wells Fargo For Continuing to Collect Billions in Overdraft Fees

Warren Calls for Passage of Stop Overdraft Profiteering ActWarren: “Chase, Bank of America, and Wells Fargo are making tens of billions of dollars in profits, and yet they are still squeezing families on overdraft fees.”Video of HearingWashington, D.C. - At a hearing of the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, U.S. Senator Elizabeth Warren (D-Mass.) called out three of the nation’s largest banks - … Continue Reading

May 04, 2022

Warren, Booker, Maloney Blast JPMorgan Chase, Bank of America, and Wells Fargo for Continuing to Profit From Overdraft Fees that Target Low-Income Americans

Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, Senator Cory Booker (D-N.J.), and Representative Caroline Maloney (D-N.Y) sent letters to JPMorgan Chase, Bank of America, and Wells Fargo, calling on them to end their use of overdraft fees, which disproportionately harm low-income Americans. Collectively, the three banks accounted for 44% of overdraft and non-sufficient fund fees collected by big banks in … Continue Reading

May 03, 2022

Warren Releases Academic Experts' New Analysis Showing Widespread Benefits of Student Debt Cancellation

Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.) shared a new analysis on the benefits of various levels of student debt cancellation on student loan borrowers. The analysis was prepared by Dr. Charlie Eaton, Assistant Professor of Sociology at the University of California Merced, along with co-authors from UC Merced and Princeton University. The analysis shows that student debt cancellation would deliver substantial relief and opportunity to millions of borrowers and … Continue Reading

April 29, 2022

ICYMI: At Hearing, Warren Presses Pentagon on Wasteful Service Contracting Spending, Does Not Get Answers

Department of Defense Unable to Answer Warren’s Questions About Total Number of Contractors and Five-Year Expected CostsWarren: “We have a defense industry where these contractors have a long history of lining their pockets at taxpayer expense. And if we’re not collecting the data and making smart decisions, then we’re going to just continue to see runaway spending without more effectiveness in making our military work.”Video of HearingWashington, D.C. - In case you missed it, at a hearing of … Continue Reading

April 28, 2022

ICYMI: Following Senator Warren’s Floor Speech, Republican Attempts to Undermine Title X Fail

Washington, D.C. - In case you missed it, United States Senators Elizabeth Warren (D-Mass.) delivered a Senate floor speech yesterday to fight back against Republican attempts to reinstate the Trump-era Title X gag rule. Shortly after her speech, the vote failed to pass in the Senate. The full text of her remarks is available below.Remarks by Senator Elizabeth Warren April 27, 2022Senator Elizabeth Warren: Mr. President:For more than 50 years, the Title X Family Planning program has … Continue Reading

April 28, 2022

Sen. Warren, Reps. Khanna, Crow, Jacobs, Malinowski Lead Colleagues to Introduce Bicameral Legislation to Overhaul Prevention and Transparency of Civilian Harm from U.S. Military Operations

Washington, D.C. - Today, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Armed Services Committee, and United States Representatives Ro Khanna (D-Calif.), Jason Crow (D-Colo.), Sara Jacobs (D-Calif.), and Tom Malinowski (D-N.J.) announced two pieces of bicameral legislation that would overhaul the prevention, mitigation, reporting, and transparency of civilian harm caused by U.S. military operations. The lawmakers will introduce the Department of Defense … Continue Reading

April 27, 2022

ICYMI: Warren, Child Care Provider, Small Business Owner, and Economist Call for Investments in High-Quality, Affordable Universal Child Care to Expand Workforce and Fight Inflation

Warren: “The American economy depends on working parents. And working parents depend on child care. But our child care system is in crisis, and that’s keeping parents out of the workforce, which in turn limits our productive capacity and contributes to inflation.”“It’s critical that we invest in high-quality, affordable child care for every American family. It's going to lower the cost for those families and help make our economy more productive.”Washington, D.C. - In case you missed it, … Continue Reading

April 26, 2022

At Hearing, Warren Calls for Investments in High-Quality, Affordable Universal Child Care to Expand Workforce and Fight Inflation

Video of Remarks | Tune in HereWashington, D.C. - Today, chairing a hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy, Senator Elizabeth Warren (D-Mass.) delivered remarks about the importance of investing in high-quality and affordable child care, which would help get millions of parents back into the workforce - driving productivity, putting downward pressure on prices, and fighting inflation. Senator Warren argued that the lack of affordable, … Continue Reading

April 26, 2022

Warren to CFPB Director Rohit Chopra: Break Up Wells Fargo, Cheating Consumers is in Bank’s DNA

Washington D.C. — During a Senate Committee on Banking, Housing and Urban Affairs hearing exchange with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, United States Senator Elizabeth Warren (D-Mass.) highlighted the need to hold Wells Fargo and other repeat offenders of financial consumer protection laws accountable. Senator Warren reiterated her calls for the Federal Reserve to use its authority to break up the large bank. This exchange follows Director Chopra’s … Continue Reading

April 26, 2022

Senators Warren, Menendez, Reed Blast Zelle Parent Company on Failure to Address Consumer Fraud and Scams

Washington D.C. — U.S. Senators Elizabeth Warren (D-Mass.), Robert Menendez (D-N.J.), and Jack Reed (D-R.I.) questioned Early Warning Systems, LLC, the parent company of the money transfer platform Zelle about disturbing reports of widespread fraud and scams on the platform, and the ongoing failure by Zelle and the big banks that own this service to address the scams and provide appropriate redress to defrauded consumers. Early Warning Systems, LLC. is owned by seven of the U.S.’s largest … Continue Reading

April 25, 2022

Senator Warren Leads Effort Pushing Pentagon on Accountability for Civilian Harm

Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Armed Services Committee (SASC), and Senators Edward J. Markey (D-Mass.), Patrick Leahy (D-Vt.), Richard J. Durbin (D-Ill.), Jeffrey A. Merkley (D-Ore.), Bernie Sanders (I-Vt.), and Chris Van Hollen (D-Md.) sent a letter to Secretary Lloyd J. Austin, III, urging the Department of Defense (DoD) to consider certain issues in its ongoing efforts to address systemic weaknesses regarding instances of … Continue Reading

April 25, 2022

Warren, Warnock, Colleagues Ask Department of Education for its Plans to Provide a "Fresh Start" to Student Loan Borrowers in Default

Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.), Raphael Warnock (D-Ga.), Cory Booker (D-N.J.), Chris Van Hollen (D-Md.), Richard Blumenthal (D-Conn.), Tammy Baldwin (D-Wis.), Dick Durbin (D-Ill.), and Bernie Sanders (I-Vt.), sent a letter to Secretary of Education Miguel Cardona, asking the Department of Education (ED) for details about its plans to implement its plan to give a “fresh start” to student loan borrowers in default before loan payments resume after … Continue Reading

April 25, 2022

Warren Urges Biden Administration to Lower Prescription Drug Prices Using Existing Executive Authority

Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) sent a letter to Department of Health and Human Services (HHS) Secretary Xavier Becerra, sharing the findings from a letter that over 25 legal and public health experts sent to her, which outlines three powerful legal tools that the Biden administration can use to lower drug prices for consumers. Senator Warren is urging Secretary Becerra and the Biden administration to use its existing legal authority to swiftly lower … Continue Reading

April 21, 2022

ICYMI: Warren, DeLauro, Schakowsky, Porter Lead Letter Calling on CMS to Address Overpayments and Increase Transparency in the Medicare Advantage Program

WASHINGTON, DC - Senator Elizabeth Warren (D-Mass.) and United States Representatives Katie Porter (D-Calif.), Rosa DeLauro (D-Conn.), and Jan Schakowsky (D-Ill.) led their colleagues in sending a letter to Centers for Medicare & Medicaid Services Administrator Chiquita Brooks-LaSure highlighting concerns about overpayments to Medicare Advantage plans that line the pockets of big insurance companies. The letter urges CMS to mitigate the announced payment increases so they are on par with … Continue Reading

April 19, 2022

Warren, Brown, Durbin Applaud Biden Administration's Actions on Income-Driven Repayment Program

Senators Had Called on Department of Education to Fix IDR Problems with Loan Cancellation Washington, D.C. - Today, United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), and Dick Durbin (D-Ill.) released the following statement after the Biden administration announced it will take action to address student loan servicers’ mismanagement of the income-driven repayment (IDR) program with debt cancellation: “This is an important step to ensure the effectiveness of our … Continue Reading

April 18, 2022

Warren, Sherman, Porter Demand Answers from Intuit about Use of Unethical Revolving Door to Hire Former Regulators to Defend its Shady Practices

Washington, D.C. - Today, on Tax Day 2022, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Representatives Brad Sherman (D-Calif.) and Katie Porter (D-Calif.), sent a letter to Intuit, the maker of TurboTax, calling out the company’s unethical use of the revolving door to hire former regulators to defend its shady business practices that scam taxpayers out of billions of dollars. Their letter follows a Federal Trade Commission (FTC) … Continue Reading

April 15, 2022

Warren, Moore, Booker, Casey Introduce Mamas First Act to Combat Maternal Mortality Crisis

Washington, D.C. - Today, during Black Maternal Health Week, Senator Elizabeth Warren (D-Mass.) and Representative Gwen Moore (D-Wis.), along with Senators Cory Booker (D-N.J) and Bob Casey (D-Pa.), and Representatives Deborah Dingell (D-Mich.), Ayanna Pressley (D-Mass.), Lauren Underwood (D-Ill.), and Alma Adams (D-N.C.) introduced the Mamas First Act, vital legislation to address the maternal mortality crisis by expanding Medicaid to include doula, midwifery, and tribal midwifery care. … Continue Reading

April 15, 2022

Warren Statement on the President’s Nominee for Fed’s Vice Chair for Supervision

Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement following Michael Barr’s nomination to be Vice Chair for Supervision of the Federal Reserve:“The Fed’s Vice Chair for Supervision is a powerfully important financial regulator, responsible for holding the biggest banks accountable and preventing the next financial crisis — and this position should have been filled … Continue Reading

April 15, 2022

ICYMI: Warren, Brown, Durbin Call on CFPB and Department of Education to Investigate Mismanagement of Income-Driven Repayment Program, Urge Relief for Borrowers

Washington, D.C. - Today, Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), and Dick Durbin (D-Ill.) sent letters to the Consumer Financial Protection Bureau (CFPB) and the Department of Education (ED), calling on them to review student loan servicers’ reported mismanagement of the income-driven repayment (IDR) program, which has led to significant harm for low-income borrowers. Recent reports show that out of 4.4 million eligible borrowers, only 32 borrowers have ever had … Continue Reading

April 13, 2022

Warren, Chu Urge IRS to “Move Swiftly to End the Targeting of Low-Income Americans” for Tax Audits

Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and United States Representative Judy Chu (D-Calif.), a member of the House Ways and Means Committee, sent a letter to Secretary of the Treasury Janet Yellen and Internal Revenue Service (IRS) Commissioner Charles Rettig expressing concerns about higher IRS tax audit rates for low-income Americans and Commissioner Rettig’s response in a recent House hearing to new findings about … Continue Reading

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