Press Releases
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
April 12, 2022
Senators Warren, Markey Celebrate $537 Million for Massachusetts Transit
Funding will increase accessibility of public transit across the state as part of the Bipartisan Infrastructure Law Washington, D.C. - United State Senators Elizabeth Warren (D-Mass.) and Senators Edward J. Markey (D-Mass.) celebrated the more than $537 million investment in Massachusetts transit announced by the Department of Transportation last week. The funding, authorized by the Bipartisan Infrastructure Law, will provide Massachusetts with critical resources to upgrade the MBTA … Continue Reading
April 12, 2022
Warren, Casey Raise Concerns with Commerce Secretary Raimondo's Approach to New Indo-Pacific Trade Deal; Should Benefit American Workers, Not Corporate Offshoring
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.) and Bob Casey (D-Pa.), both members of the United States Senate Committee on Finance, sent letters to United States Trade Representative (USTR) Katherine Tai and United States Secretary of Commerce Gina Raimondo regarding their plans to negotiate an Indo-Pacific Economic Framework (IPEF) and how this new trade deal may impact U.S. workers. In their letter to Secretary Raimondo, the Senators expressed concern that the … Continue Reading
April 08, 2022
Warren, Whitehouse, Cassidy, Wicker Introduce Bipartisan Bill to Clamp Down on Hidden Oligarch Assets
Washington, D.C. - Today, United States Senators Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.), Bill Cassidy (R-La.), and Roger Wicker (R-Miss.) introduced the bipartisan Kleptocrat Liability for Excessive Property Transactions and Ownership (KLEPTO) Act. The KLEPTO Act would expose the assets of oligarchs, kleptocrats, and international criminals hidden in the United States, strengthen U.S. anti-money laundering safeguards, and arm law enforcement with the information required … Continue Reading
April 08, 2022
Warren, Grassley Introduce New Bill to Increase Pressure on FDA to Issue Final Rule on Over-the-Counter Hearing Aids
Washington, D.C. — Today, United States Senator Elizabeth Warren (D-Mass.) and Senator Chuck Grassley (R-Iowa) introduced new legislation that would require the Food and Drug Administration (FDA) to issue a final rule regarding over-the-counter hearing aids. This legislation follows the FDA’s proposed rule implementing over-the-counter hearing aids in October 2021, which was issued more than a year after the statutory deadline and over four years after the law’s passage. This bill would … Continue Reading
April 08, 2022
At Hearing, Warren Highlights the IRS’s Ability to Implement President Biden’s Billionaire Income Tax Proposal and Calls for Additional IRS Funding
Washington, D.C. — During an exchange with the U.S. Commissioner of the Internal Revenue Service (IRS), Charles Rettig, United States Senator Elizabeth Warren (D-Mass.) stressed the administrability of the Billionaires Minimum Income Tax proposed in President Biden’s Budget. The Senator also expressed support for the $80 billion in IRS funding that the President and Congressional Democrats are calling for to turbocharge the agency’s ability to take on wealthy tax cheats and administer … Continue Reading
April 07, 2022
At Hearing, DoD Secretary Agrees with Senator Warren That the Proposed DoD Budget Should Not Increase By $90 to $400 Billion
Video of HearingWashington, D.C. - During a hearing of the Senate Committee on Armed Services, U.S. Senator Elizabeth Warren (D-Mass.) questioned Lloyd Austin III, the Secretary of the Department of Defense (DoD), and made the case for not increasing the DoD budget. Price gouging by defense contractors has been a problem for a long time. Senator Warren cited the biggest defense contractors spending $15.5 billion on net stock buybacks last year, the most of any year on record. CEOs are … Continue Reading
April 07, 2022
Warren, Assistant Speaker Clark, Smith Lead Over 100 Members of Congress in Calling on Biden Administration to Make Urgent Investments in Child Care
Washington, D.C. - Today, United States Senator Elizabeth Warren (D-Mass.) and Assistant Speaker of the U.S. House of Representatives Katherine Clark (D-Mass.), and Senator Tina Smith (D-Minn.) led over 100 Members of Congress in a letter to President Joe Biden urging his administration to address the on-going child care crisis and realize his vision for a better America by investing in the child care sector. The Senators and Representatives are calling for urgent passage of President … Continue Reading
April 06, 2022
At Hearing, Warren Calls on Treasury and SEC to Close Loophole that Allows Oligarchs to Evade Sanctions and Threatens 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 for the Treasury Department and Securities and Exchange Commission to immediately close the loophole that exempts the $11 trillion private investment industry from “know your customer” requirements. The exemption allows Russian oligarchs to evade sanctions and continue doing business in the U.S. without scrutiny. The loophole for the private … Continue Reading
