Press Releases

July 24, 2013

Sen. Warren's Statement on Today's Student Loan Vote

WASHINGTON, DC - United States Senator Elizabeth Warren released the following statement after today's student loan vote: "Today's vote is over, but our fight to make college more affordable and a better deal for our students continues. I'm in this fight for the long haul - we must invest in our kids, bring down the skyrocketing costs of college and tackle the more than trillion dollars in student loan debt that is crushing middle class families and threatening our economy. I am eager to work … Continue Reading


July 24, 2013

Sen. Warren's Floor Speech on Reed-Warren Student Loan Amendment

Senator Elizabeth Warren delivered the following speech on the floor of the Senate on July 24, 2013, on the Reed-Warren student loan amendment. The video of her remarks is available here. Full text of Senator Warren's remarks: I want to start by saying to Senator Reed by saying to Senator Reed how much I appreciate his leadership in putting forth this amendment that takes a bad bill and turns it into something that would be helpful for our students, our families struggling with student loan … Continue Reading


July 24, 2013

Reed-Warren Amendment Offers Greater Certainty and Lower Rates for Students

WASHINGTON, DC - In an effort to keep student loans affordable for working families, the U.S. Senate is scheduled to vote later today on a key amendment by U.S. Senators Jack Reed (D-RI) and Elizabeth Warren (D-MA) and 17 of their Senate colleagues that would lock in reasonable caps of 6.8 percent for undergraduate and graduate loans, and 7.9 percent for PLUS loans, meaning they wouldn't go any higher than they are set at right now. The Reed-Warren amendment would provide greater certainty … Continue Reading


July 19, 2013

Floor Speech on Student Loans

Senator Warren delivered a floor speech on student loans on July 18, 2013. The video of her remarks is here. Full text of the remarks is below. Madam President, it has been eighteen days since the interest rate on new direct student loans doubled from 3.4 percent to nearly seven percent. Students will head off to college in just a few weeks, and Congress still has not found a way to keep their interest rates low. In Massachusetts, our kids, our parents, our and schools are worried. I just want … Continue Reading


July 18, 2013

Warren Helps Secure $150 Million for National Fisheries Disasters in FY14 Subcommittee Bill

WASHINGTON, DC - The Senate Appropriations Committee today announced it has included $150 million for fisheries disasters in its FY14 Commerce, Justice, Science, and Related Agencies (CJS) markup. Senator Elizabeth Warren applauded Appropriations Chairwoman Barbara Mikulski's (D-MD) and the CJS Subcommittee's efforts to provide aid to fishermen in Massachusetts and across the country. "I'm deeply grateful to Chairwoman Mikulski and the Appropriations Committee for approving critical disaster … Continue Reading


July 18, 2013

Sen. Warren's Statement on the Confirmation of Gina McCarthy as EPA Administrator

WASHINGTON, DC - United States Senator Elizabeth Warren released the following statement on Gina McCarthy's confirmation as Administrator of the Environmental Protection Agency: "I am very pleased the Senate has confirmed Gina McCarthy as the next Administrator of the Environmental Protection Agency. Gina is a proud Massachusetts native with an outstanding record of public service. She has dedicated her professional life to the protection of our public health and to the stewardship of our … Continue Reading


July 18, 2013

Sen. Warren Presses Fed Chairman Bernanke on Too Big to Fail, Transparency at Banking Hearing

Video of Senator Warren's Q&A with Chairman Bernanke WASHINGTON, DC - At a Senate Banking Committee Hearing today, United States Senator Elizabeth Warren asked Federal Reserve Chairman Ben Bernanke about rising profits on Wall Street and concerns that banks are loading up on risk. She also pressed Chairman Bernanke whether he agrees with Secretary Lew's recent comments that if we have not ended Too Big to Fail by the end of the year, other options to address the issue should be … Continue Reading


July 16, 2013

Sen. Warren's Statement on Cloture Vote for Rich Cordray's Nomination

WASHINGTON, DC - United States Senator Elizabeth Warren today released the following statement on the Senate's vote to invoke cloture on Richard Cordray's nomination as Director of the Consumer Financial Protection Bureau: "After more than 700 days of waiting, Rich Cordray will finally get the confirmation vote he deserves from the U.S. Senate. Director Cordray has won praise from consumer and industry groups, and from Republicans and Democrats, for his fair and effective approach. With … Continue Reading


July 15, 2013

Sen. Warren Calls on Senate to Vote on Cordray Re-nomination as CFPB Director

Washington, DC - United States Senator Elizabeth Warren today called on the Senate to vote on the re-nomination of Rich Cordray to be Director of the Consumer Financial Protection Bureau (CFPB). "I know that some Republicans and lobbyists think that this filibuster on Rich's appointment can shut down the work of the agency. They think it can shut down the agency and protect the big banks from any meaningful consumer protection rules," said Senator Warren, in her remarks on the floor of the … Continue Reading


July 15, 2013

Remarks by Senator Elizabeth Warren on the Re-Nomination of Rich Cordray to be Director of the Consumer Financial Protection Bureau

As Prepared for Delivery Thank you Mr. President. I rise today to speak about the Consumer Financial Protection Bureau and the re-nomination of Rich Cordray to serve as its director. Several years ago, I began working on the idea for a consumer finance agency because our consumer credit system was badly broken. The laws were inconsistent and often arbitrary, and the basic rules changed for the same kind of product-like a mortgage-depending on what kind of company sold it. People got cheated, … Continue Reading


July 11, 2013

Senators Warren, McCain, Cantwell, and King Introduce 21st Century Glass-Steagall Act

Text of the Legislation Fact Sheet Washington, DC - Senators Elizabeth Warren (D-MA), John McCain (R-AZ), Maria Cantwell (D-WA), and Angus King (I-ME) today will introduce the 21st Century Glass-Steagall Act, a modern version of the Banking Act of 1933 (Glass-Steagall) that reduces risk for the American taxpayer in the financial system and decreases the likelihood of future financial crises. The legislation introduced today would separate traditional banks that have savings and checking … Continue Reading


July 11, 2013

Sen. Warren Urges Reforms to Limit High-Risk Wall Street Practices

WASHINGTON, DC - During a Senate Banking Committee Hearing today, U.S. Senator Elizabeth Warren (D-MA) urged financial regulators to adopt and implement reforms to limit risky activities of big banks on Wall Street that continue to threaten our economy. Senator Warren spoke about the 21st Century Glass-Steagall Act she introduced today with Senators John McCain (R-AZ), Maria Cantwell (D-WA), and Angus King (I-ME). The measure is a modern version of the Banking Act of 1933 (Glass-Steagall) … Continue Reading


July 10, 2013

Sen. Warren Applauds HELP Committee's Approval of Employment Non-Discrimination Act

WASHINGTON, DC - United States Senator Elizabeth Warren today applauded the Health, Education, Labor, and Pensions (HELP) Committee's approval of S. 815, the Employment Non-Discrimination Act (ENDA). "The HELP Committee's bipartisan approval of ENDA is a landmark step toward ensuring no one is fired or discriminated against because of who they are or who they love," said Senator Warren. "Senator Ted Kennedy first introduced ENDA in 1994, and for years was a champion fighting for equal rights … Continue Reading


July 10, 2013

Sen. Warren's Statement on Today's Student Loan Vote

WASHINGTON, DC - United States Senator Elizabeth Warren released the following statement after today's vote on S. 1238, the Keep Student Loans Affordable Act: "I'm frustrated the GOP has once again blocked a sensible compromise proposal to keep interest rates on student loans from doubling. The federal government continues to make billions of dollars in profits off the backs of our students - producing higher profits than any Fortune 500 company - but the GOP's proposal would make another … Continue Reading


July 09, 2013

National Science Foundation Awards Nearly $2 Million to Massachusetts Research Institutions

WASHINGTON, DC - United States Senator Elizabeth Warren, U.S. Representative and Senator-Elect Edward Markey, and U.S. Representatives James McGovern and William Keating today announced the National Science Foundation (NSF) has awarded $1.97 million to Worcester Polytechnic Institute, Woods Hole Oceanographic Institution, and Tufts University for research projects in science and engineering. "These awards from the National Science Foundation are a testament to the great research work underway … Continue Reading


July 08, 2013

Senator Warren's Floor Speech on Student Loans

Senator Elizabeth Warren delivered the following speech on the floor of the United States Senate on Monday, July 8, 2013. Video of Senator Warren's remarks is available here, and the text of her remarks is below: Mr. President, the interest rate on new direct student loans doubled on July 1. Because Congress failed to act, our lowest income students are now paying twice as much in interest on these loans. And while students are paying more, the federal government is boosting its own profits - … Continue Reading


June 27, 2013

Statement from Senator Warren on President Obama's Climate Plan

Senator Elizabeth Warren released the following statement on President Obama's climate plan: "The President's Plan to Cut Carbon Pollution offers smart ideas to address the looming climate crisis that threatens our health, environment and economy. We may be on the cusp of a climate crisis, but we are also on the cusp of innovations in clean energy and energy efficiency, and the President has outlined a plan for action to promote their development. It is astounding that we do not have federal … Continue Reading


June 26, 2013

Whitehouse and Warren Fighting to Protect Consumers from Abusive Lending

Washington, DC - U.S. Senators Sheldon Whitehouse (D-RI) and Elizabeth Warren (D-MA) today introduced the Empowering States' Rights to Protect Consumers Act, a bill that would protect consumers by restoring the ability of states to set limits on credit card and other consumer loan interest rates. Whitehouse has introduced similar legislation in past Congresses. "It's time to stop Wall Street banks and their credit card subsidiaries from taking advantage of struggling families in Rhode Island … Continue Reading


June 25, 2013

Sen. Warren Asks Sallie Mae to Clarify Statements on Federal Home Loan Bank Financing

WASHINGTON, DC -United States Senator Elizabeth Warren today sent a letter to Sallie Mae, asking the company to clarify statements it has made regarding the use of credit from the Federal Home Loan Bank to support its private student loan business. Senator Warren's letter was sent in advance of today's Senate Banking Committee Hearing on regulation of the private student loan industry. In a letter sent yesterday to Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco, Senator … Continue Reading


June 24, 2013

Sen. Warren Requests Information from FHFA on Federal Home Loan Bank Financing of Institutions Providing High-Interest Private Student Loans

WASHINGTON, DC - In a letter sent today to Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco, Senator Elizabeth Warren requested information about the role of the Federal Home Loan Banks in providing financing to institutions that offer high-interest private loans to students. The FHFA's Federal Home Loan Bank System was established to fund local and community banks that offer home mortgages. Over the past few years, however, Sallie Mae has been borrowing from a Federal Home … Continue Reading

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