News Coverage
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
March 02, 2018
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