News Coverage
CNBC: Elizabeth Warren wants to grill likely New York Fed president on Wells Fargo oversight
John Williams' cross-country path from the San Francisco to the New York Fed could be a bumpy one. ... Sen. Elizabeth Warren, a Massachusetts Democrat who has been a staunch banking critic, particularly on issues relating to the Wells Fargo fake account scandal, said she wants a chance to grill Williams before he is appointed. "Mr. Williams' track record raises several questions, including about his fitness to supervise Wall Street banks given the San Francisco Fed's inadequate supervision … Continue Reading
March 26, 2018
Wall Street Journal: Sen. Warren Says New York Fed Pick Should Testify Before Senate Ahead of Appointment
U.S. Sen. Elizabeth Warren (D., Mass.) said Monday that John Williams should testify before the Senate Banking Committee before being approved as the next president of the Federal Reserve Bank of New York. The Wall Street Journal reported Saturday that Mr. Williams, who now serves as leader of the San Francisco Fed, was the front-runner to become the New York Fed chief, one of the top jobs in the central bank system. ... Read the full article on the Wall Street Journal website … Continue Reading
March 26, 2018
Daily Kos: Elizabeth Warren introduces plan to make healthcare coverage more affordable and reliable
Massachusetts Sen. Elizabeth Warren could be coming along with exactly the right healthcare bill at exactly the right time. Her legislation would build on the Affordable Care Act, providing more financial assistance to people buying insurance in the marketplace, capping out-of-pocket expenses for prescription drugs for consumers with high drug costs, and creating new rules for insurance companies to protect consumers. ... Read the full article on the Daily Kos website … Continue Reading
March 26, 2018
Roll Call: Warren Outlines Goals for Diplomacy Ahead of Trip to Asia
Ahead of a trip to Asia this week, Sen. Elizabeth Warren outlined her goals for diplomacy in an op-ed for the Boston Globe. Warren, who is running for re-election this year, will meet with officials from China, South Korea and Japan. ... "I support talking to our adversaries, but we should be skeptical that he is negotiating in good faith and is willing to halt his nuclear expansion even as he snatches the trophy of a picture with an American president," she wrote. Read the full article on … Continue Reading
March 22, 2018
The Hill: Warren battles Carson: Housing discrimination 'the scandal that should get you fired'
Sen. Elizabeth Warren (D-Mass.) on Thursday tore into Housing and Urban Development (HUD) Secretary Ben Carson, saying he should be fired for failing to enforce the agency's laws. "It is HUD's job to help end housing discrimination. That's what the law said. You said you would enforce these laws. You haven't, and I think that's the scandal that should get you fired," Warren told Carson during a Senate hearing. "Well, I don't think that you have characterized things in any way close to what … Continue Reading
March 22, 2018
HuffPost: Elizabeth Warren Tells Ben Carson To His Face: You Should Be Fired
Sen. Elizabeth Warren (D-Mass.) tore into Housing and Urban Development Secretary Ben Carson on Thursday, ripping the former neurosurgeon for failing to do his job. ... Warren made mention of the scandal currently plaguing his office ? that it spent $31,000 of taxpayer money on a dining set for his office ? but she was quick to call out the secretary for failing to advance HUD's mission of ending housing discrimination. Earlier this month, HuffPost reported that Carson removed … Continue Reading
March 22, 2018
FierceHealthcare: Sen. Elizabeth Warren introduces bill to make ACA plans more affordable, tighten controls on private payers
In addition to increasing subsidies for coverage, Warren's plan would make those funds easier for people to obtain. Warren's bill also seeks to exercise greater control over private payers. It would set profit limits for private insurers to match what they can earn from Medicare and Medicaid plans and suggests an ombudsman program to monitor consumer complaints. The bill would also require payers who profit off of Medicare or Medicaid plans also offer health plans on the ACA exchanges that … Continue Reading
March 20, 2018
MassLive: 'We have not forgotten Puerto Rico' says Sen. Elizabeth Warren, 6 months after Hurricane Maria
Six months ago, on Sept. 20, Hurricane Maria struck Puerto Rico and the U.S. Virgin Islands, leaving destruction in its wake and causing residents to flee the islands. Many storm evacuees, particularly from Puerto Rico, arrived in Massachusetts by the thousands, leaving behind family, friends and damaged homes in hopes of finding shelter and work. U.S. Sen. Elizabeth Warren, D-Massachusetts, Tuesday issued a post on the social media blogging platform Medium to bring awareness to the issues … Continue Reading
March 16, 2018
MassLive: US Sen. Elizabeth Warren blasts Mick Muvlaney's 'incomplete' response to questions on CFPB leadership
U.S. Sen. Elizabeth Warren, D-Massachusetts, again called on Office of Management and Budget Director Mick Mulvaney Friday to address questions raised over his actions at the Consumer Financial Protection Bureau, arguing that this previous responses to such inquiries were "evasive, misleading or incomplete." Warren, who helped create the watchdog agency after the 2008 financial crisis, sent a 17-page letter to Mulvaney -- her 10th to the OMB and CFPB director since November -- seeking … Continue Reading
March 16, 2018
Vice: Elizabeth Warren Explains How the Banking Bill Will Put Families at Risk
On Wednesday night, 17 Democrats joined every single Republican in Senate in passing a bill to ease regulations on most of the major banks in the country. Senator Elizabeth Warren was not one of the senators in that coalition, and she certainly did not hold back her criticism of the choice they'd just made. "Republicans and Democrats came together today to deregulate the big banks and set the stage for another financial crash. Bankers are popping champagne because the Bank Lobbyist Act just … Continue Reading
March 15, 2018
Boston Globe: Warren, Markey join other senators in requesting an update on Puerto Rico from federal agencies
On Wednesday morning, about 140,000 Mass. utility customers were left without power in the wake of a nor'easter that brought whipping winds and heavy snow to the region. But on the same day, a similar number of residents were without power in Puerto Rico - except they have been in the dark for six months. This week, five senators, including Elizabeth Warren and Ed Markey of Massachusetts, expressed their own concern about the US territory in a letter to federal officials about efforts to … Continue Reading
March 14, 2018
American Banker: Warren introduces bill to end ‘too big to jail’
Sen. Elizabeth Warren, D-Mass., introduced a bill Wednesday that would create a permanent law enforcement unit to investigate potential criminal activity at large financial institutions. The move by Warren was in stark contrast to the bipartisan legislation to roll back certain provisions of the Dodd-Frank Act, which is expected to pass the Senate on Thursday morning. ... Read the full article on the American Banker website … Continue Reading
March 11, 2018
Politico: Warren worries Kim would 'take advantage' of Trump in talks
March 09, 2018
The Hill: Warren turns focus to Kushner’s loans
Massachusetts Sen. Elizabeth Warren (D) joined several other Democrats on Friday demanding information from two companies on their business dealings with President Trump's son-in-law, Jared Kushner. In two letters obtained by Politico, the Massachusetts Democrat, alongside Sens. Tom Carper (D-Del.) Gary Peters (D-Mich.), and Rep. Elijah Cummings (D-Md.), called for Citigroup and Apollo Global Management to release details of loans they provided Kushner Companies after meeting with Kushner in … Continue Reading
March 07, 2018
Financial Planning: Warren, PIABA call for FINRA fund to pay arbitration awards
Investor advocates and one of their leading voices in Congress are upping pressure on FINRA to ensure that bilked investors are paid the compensation they were awarded through arbitration. Sen. Elizabeth Warren (D-Massachusetts) on Tuesday introduced the Compensation for Cheated Investors Act, which would direct FINRA to create a pool of money earmarked to pay compensation to investors who might otherwise go unpaid. The funds would be drawn from enforcement penalties collected from brokers. … Continue Reading
March 07, 2018
Newsmax: Sen. Warren: Effort to Roll Back Banking Rules a 'Bad Idea'
Democratic Sen. Elizabeth Warren on Wednesday panned the bipartisan effort to roll back banking regulations, telling MSNBC "did we learn nothing from the crash of 2008?" Warren, D-Mass., told MSNBC's Stephanie Ruhle that the bill is a wolf disguised in sheep's clothing vis-à-vis the effort to help out small banks. "If this been a bill just about the smaller banks, I'd be all in. … But that's not what this bill is," Warren told Ruhle. "This bill offers a few changes for small … Continue Reading
March 07, 2018
Warren Leads Senators Urging NLRB to Allow McDonald's Joint-Employer Case to Advance
March 06, 2018
InvestmentNews: Sen. Warren introduces bill targeting unpaid Finra arbitration awards
Sen. Elizabeth Warren, D-Mass., introduced legislation Tuesday that would require Finra to create a fund to cover unpaid arbitration awards. Under Ms. Warren's bill, the broker-dealer self-regulator would draw from the fines it assesses on member firms for violating Finra rules to establish a pool of money to cover arbitration shortfalls. ... "Finra has the authority to make sure defrauded investors don't get stiffed - and this bill will make sure it uses it," Ms. Warren said in a … Continue Reading
March 06, 2018
The Guardian: Elizabeth Warren attacks 'dangerous, wrong' bill to relax rules on US banks
Congress has forgotten the "devastating impact of the financial crisis", Senator Elizabeth Warren said on Tuesday as Republicans moved closer to relaxing banking regulations implemented after the financial crash of 2008. ... Warren, the Massachusetts Democrat who worked with the Obama administration on banking industry oversight after the 2008 crash, pledged to fight the bill, even if she faced long odds. "There's Democratic and Republican support because the lobbyists have been pushing … Continue Reading
March 02, 2018
Wonkette: Professor Elizabeth Warren Grades Betsy DeVos’s First Year, Is All Out Of Fs To
Sen. Warren and Rep. Katherine Clark, both of Massachusetts, released a 17-page report titled "DeVos Watch, Year One," cataloging the many follies and failures of the Education secretary's first year, with four major sections. ... Warren and Clark detail DeVos's refusal to take campus rape seriously, rolling back Obama-era rules on dealing with campus sexual violence. And of course her decision to toss out protections for transgender students - another legacy from the Obama administration. … Continue Reading
