News Coverage
Investopedia: Sen. Warren Asks Fidelity, Other Funds to Demand Gun Industry Change
Massachusetts Senator Elizabeth Warren is calling on some of the nation's largest fund companies and investors in gun companies - including Fidelity Investments, Vanguard, Invesco and BlackRock, Inc. (BLK) - to use their clout to demand change from the gun industry. ... "Now it's time to put your money where your mouth is," Warren wrote in one of the letters that was sent to Larry Fink, head of BlackRock, according to The Boston Globe. Warren wants the fund companies to pressure the gun … Continue Reading
March 02, 2018
MassLive: US Sen. Elizabeth Warren seeks data on prevalence of sexual harassment in financial sector
U.S. Sen. Elizabeth Warren urged federal regulators this week to detail how common sexual harassment is in the financial services industry -- a sector which she argued has had relatively few public reports of such behavior. The Massachusetts Democrat, in a pair of Thursday letters, asked officials with the Financial Industry Regulatory Authority and Securities and Exchange Commission to provide information on how often sexual harassment -- an issue which has gained national attention in … Continue Reading
March 02, 2018
GoLocalWorcester: Warren Blasts Equifax After Disclosure of 2 Million More Americans Affected by Data Breach
Massachusetts Senator Elizabeth Warren is blasting Equifax following their disclosure of more than 2 million more Americans were affected by a Massive Data Breach. ... Warren released the following statement: "I spent 5 months investigating the Equifax breach and found the company failed to disclose the full extent of the hack. Today, Equifax acknowledged that 2.4 million more people were affected than initially reported and that driver's license information was also stolen. Equifax can't … Continue Reading
March 01, 2018
Bloomberg: Elizabeth Warren Wants Wall Street to Have a #MeToo Moment
Senator Elizabeth Warren wants regulators to make sure Wall Street doesn't dodge the #MeToo movement. Warren, the finance industry's leading critic in Congress, asked the Securities and Exchange Commission what it's done to ensure banks have established policies and disciplinary systems to prevent sexual harassment. The Massachusetts Democrat and two other senators also asked the Financial Industry Regulatory Authority, which oversees broker-dealers, for data on the prevalence of abuse in the … Continue Reading
March 01, 2018
Washington Post: Booker, Warren take aim at chains that use ‘non-poaching’ deals to keep workers stuck at one store
Say you work at a Jiffy Lube 30 miles from your house. You're happy enough there, but when you see an opening at another Jiffy Lube that's around the corner from where you live, you can't resist applying. You think you've got a decent chance; after all, you're already trained for the job. After you apply, however, you don't hear anything back. It's possible you just weren't the candidate they wanted. But it's also possible that you were never even considered because your local Jiffy Lube was … Continue Reading
March 01, 2018
MassLive: Elizabeth Warren, Katherine Clark release report criticizing Betsy DeVos' work at Education Department
Members of Massachusetts' congressional delegation who have previously raised concerns about Betsy DeVos leading the Department of Education, released a new report Thursday suggesting that the secretary's tenure has "been a boon for shady for-profit colleges, student loan companies and school privatization advocates." U.S. Sen. Elizabeth Warren, D-Massachusetts, and U.S. Rep. Katherine Clark, D-Melrose, unveiled their first "DeVos Watch" annual review, a 17-page report that examines the … Continue Reading
March 01, 2018
MarketWatch: Warren says Fed should vote on whether to lift growth shackles on Wells Fargo
The Federal Reserve should vote rather than leave it to a staffer to determine whether to lift the growth restrictions on Wells Fargo over its customer account scandal, Sen. Elizabeth Warren said Thursday.Warren made the call during the Senate Banking Committee hearing with Federal Reserve Chairman Jerome Powell. The Fed last month said the bank was not allowed to grow after opening millions of unauthorized customer accounts as well as charged hundreds of thousands of borrowers for unneeded … Continue Reading
February 28, 2018
The Business Journals: Elizabeth Warren wants to curb secret settlements
U.S. Sen. Elizabeth Warren, a Democrat from Massachusetts, is introducing a bill that will make it harder for companies to hide settlements over sexual harassment claims with employees. ... "Our bill will help systemically expose workplace harassment and push employers across the country to aggressively prevent it," Warren told BuzzFeed News.The proposed law also would require companies to report the number of complaints in the process of being resolved, per BuzzFeed.Read the full article on … Continue Reading
February 28, 2018
Salon: Elizabeth Warren: Equifax might profit off its data breach
Equifax has not told the whole story when it comes to its massive security breach first reported last September, Sen. Elizabeth Warren (D-MA) says. Over the last five months, her office investigated the breach and presented its findings in a new report, "Bad Credit: Uncovering Equifax's failure to protect Americans' personal information." In summation, Warren told Marketplace Tech's Molly Wood, "What they did was worse, a whole lot worse, than they originally admitted." ...Now, Warren is … Continue Reading
February 28, 2018
MassLive: Massachusetts lawmakers earn high marks on League of Conservation Voters' National Environmental Scorecard
All 11 members of Massachusetts' congressional delegation received high marks for their votes on environment-related policies in 2017 -- ranking the state among the top in the country on such issues, the League of Conservation Voters announced this week. ...In the Senate, U.S. Sen. Elizabeth Warren was among more than two dozen Democrats who earned a perfect score of 100 percent for their "pro-environment action" in 2017, according to the LCV scorecard. ...The representatives' scores helped … Continue Reading
February 27, 2018
The Hill: Elizabeth Warren co-sponsors bill to force companies to publicly report sexual harassment settlements
Sen. Elizabeth Warren (D-Mass.) and Rep. Jacky Rosen (D-Nev.) plan to introduce new legislation that would require public companies to make data about sexual harassment in their workplaces public. ...The legislation would force companies to report sexual harassment-related settlements, including the amount of money paid out, according to the publication. BuzzFeed News reported that the legislation would also mandate that companies report settlements related to "race, religion, sex, gender … Continue Reading
February 27, 2018
MassLive: US Sen. Elizabeth Warren wants public companies to report workplace harassment, discrimination settlements
Following the series of high-profile workplace sexual harassment and abuse allegations that have surfaced in recent months, U.S. Sen. Elizabeth Warren is looking to require publicly traded companies to disclose any settlements arising from such claims. ...Warren offered that the proposed "Sunlight in Workplace Harassment Act" is needed to address issues raised as part of the "#MeToo" movement, which has sparked a national discussion on sexual abuse and harassment. "We are in a moment in … Continue Reading
February 26, 2018
Associated Press: Sens. Warren, Markey side with unions in Supreme Court case
The state’s two Democratic U.S. senators have come down strongly on the side of unions in a case before the U.S. Supreme Court that could undermine labor unions that represent government workers.Sen. Elizabeth Warren said Monday at a rally in downtown Boston that the case shows working people in America are under attack.“For years, big corporations, billionaire donors and their Republican allies have launched one assault after another against unions and against working people. It has been a … Continue Reading
February 26, 2018
Bloomberg: Elizabeth Warren Targets NLRB Over Member Conflict
An inspector general’s finding that a top Donald Trump labor appointee should have recused himself from a major pro-employer ruling has triggered Democratic calls for hearings, a demand for answers by two U.S. senators and news that a separate IG report is on the way as to whether the appointee committed misconduct. On Feb. 15, the chair of the National Labor Relations Board disclosed to Congress a report from the agency’s inspector general, David … Continue Reading
February 23, 2018
American Banker: Gloves off in CFPB tug of war between Mulvaney, Warren
The war of words between acting Consumer Financial Protection Bureau Director Mick Mulvaney and Sen. Elizabeth Warren, D-Mass., the agency's architect, is escalating.....Warren wrote her letter along with Rep. Maxine Waters of California, ranking member on the House Financial Services Committee, and four other Democrats questioning Mulvaney's decision in January to delay the agency's payday lending rule.“The agency barely explained its payday rule reversal,” the Democrats wrote in their … Continue Reading
February 23, 2018
MarketWatch: Elizabeth Warren and Mick Mulvaney trade barbs over payday lenders, arbitration
The driving force behind the creation of the Consumer Financial Protection Bureau and the person revamping that institution right now traded barbs in a series of letters on payday lenders and arbitration.At the end of January, Sen. Elizabeth Warren, along with Rep. Maxine Waters and four other Congressional Democrats, wrote acting CFPB Director Mick Mulvaney on recent actions seen benefitting payday lenders....Read the full article on the MarketWatch website … Continue Reading
February 20, 2018
Politico: A decade after meltdown, Senate moves to roll back bank rules
U.S. senators are planning to mark the 10th anniversary of Wall Street's meltdown this year with a gift to the nation's banks: a bill that would unravel regulations put in place after the crisis. ... On the other are progressives like Sens. Elizabeth Warren, Sherrod Brown and their activist allies, who argue that the bill will put consumers at risk. They're working to undercut the party's centrists before the vote, with several of the moderates - as well as Brown - facing tough reelection … Continue Reading
February 20, 2018
Los Angeles Times: Sen. Elizabeth Warren presses Wells Fargo on problems with consumer refunds
Sen. Elizabeth Warren is pressing Wells Fargo & Co. to explain reported problems in issuing refunds to customers for who were charged inappropriately for auto insurance and mortgage fees. In a sharply worded letter to Chief Executive Tim Sloan, Warren called the problems "unacceptable." "Wells Fargo has stolen money from its customers," wrote the Massachusetts Democrat, who has been an outspoken critic of the San Francisco bank's practices since its unauthorized-accounts scandal exploded … Continue Reading
February 15, 2018
The Nation: Elizabeth Warren’s ‘Big Fight’ Against Monopolies
In 2015, the seventh year of Barack Obama's presidency, the United States saw $4.7 trillion worth of corporate mergers and acquisitions-an all-time high. Though Obama did pick some high-profile fights with mega-companies that were trying to merge, his administration barely surpassed the number of antitrust cases brought to trial under George W. Bush, who set a record for bringing the fewest of any president. But when congressional Democrats unveiled their "Better Deal" platform last summer, … Continue Reading
February 14, 2018
CNBC: Wells Fargo faces grilling from Sen. Elizabeth Warren on bungled fee refunds
Wells Fargo again finds itself on the hotseat for mistakes it made trying to repay customers hit by improper loan fees. Sen. Elizabeth Warren , the Massachusetts Democrat who has been highly critical of the bank and its management over numerous issues with customers, fired off a letter to Wells CEO Tim Sloan this week grilling him about botched refunds. Warren accused Sloan of breaking his promise to customers since he took over as CEO in late 2016 after a fake accounts scandal burst into … Continue Reading
