Minority Press Releases
Following Trump's Illegal Firings, Warren and Waters Call for Investigation into National Credit Union Administration Board
Read letter here Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Service Committee, wrote to the National Credit Union Administration (NCUA) Inspector General calling for an investigation into the Board’s operation after President Trump illegally fired two out of the three members of the agency’s board. “These firings are p… Continue Reading
April 29, 2025
Warren Sounds Alarm on Trump’s First 100 Days
Ranking Member Warren details “How Donald Trump Broke Our Economy in 100 Days” in new Substack blog post On Wednesday, the Senate will vote on the bipartisan resolution Senators Warren, Wyden, and Paul introduced to turn off the fake emergency authority Donald Trump is using to impose his reckless tariffs. Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, will join a press call with former White Hous… Continue Reading
April 29, 2025
Warren Leads 40 Senators Pressing Administration on Impact of Mass CFPB Firings for Consumers Scammed by Big Corporations; Government Watchdog Takes Up Warren, Kim Call to Investigate
GAO to investigate Trump Administration’s attempt to dismantle the Consumer Financial Protection Bureau Warren leads 40 Senators in letter to Vought pressing for answers on more than 80 congressionally mandated functions of the CFPB Read letter here Read GAO announcement here Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, led 40 Democratic Senators in a letter to CFPB Acting Director Russell Vought… Continue Reading
April 25, 2025
Warren Presses SEC on Preventing Undue Political Influence with Trump Media’s Plan to Launch Investment Products
Senator Urges Safeguards to Protect Investors and Preserve Market Integrity Amid Unprecedented Presidential Conflict of Interest Trump Media announcement comes in wake of President Trump stripping financial regulators of independence and Trump family’s World Liberty Financial decision to launch a stablecoin as Congress considers stablecoin legislation Text of Letter (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, a… Continue Reading
April 24, 2025
Warren, Colleagues Press FDIC on Dangerous Impacts of DOGE Cuts and Systems Access
“Federal deposit insurance is a fundamental safeguard that underpins the public’s confidence in the U.S. banking system. Allowing the Elon Musk-led DOGE to degrade it in a moment of broader economic turmoil is deeply concerning.” Read letter here Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, wrote to Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Travis Hill pressing for answers on how… Continue Reading
April 23, 2025
One Year After Synapse Financial Collapse, Warren Presses Fed Nominee Bowman on Her Failed Responsibility to Prevent Meltdown
“One year ago today, more than 100,000 consumers had their funds frozen … you did not respond to the clear warning signs in the years leading up to the Evolve-Synapse meltdown.” Read letter here Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, wrote to Federal Reserve (Fed) Vice Chair nominee Michelle Bowman on the one-year anniversary of the Evolve-Synapse financial collapse that led over 100,000 consumers t… Continue Reading
April 18, 2025
Statement by Senator Warren on Trump Administration Approving Capital One-Discover Merger
Washington, DC - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, released the following statement on the approval of the merger of Capital One and Discover: “President Trump promised to cap credit card interest rates, but his Administration just rubber-stamped the creation of the largest credit card company in the country, which will hurt consumers and small businesses with inevitably higher credit card interest rates,… Continue Reading
April 17, 2025
Statement by Senator Warren on President Trump Firing Almost All CFPB Staff
Following the reporting that President Trump's Acting Director of the Consumer Financial Protection Bureau (CFPB) Russell Vought sent reduction in force layoff notices to almost all CFPB staff, United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, released the following statement: “President Trump just gutted almost all CFPB staff, so the agency can’t do its job of helping Americans who get scammed by big banks and giant cor… Continue Reading
April 16, 2025
Statement by Senator Warren on President Trump Firing National Credit Union Administration Board Members
Washington, DC - Following the news that President Trump fired Todd Harper and Tanya Otsuka, the Democratic Board Members of the National Credit Union Administration (NCUA), United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, released the following statement: “President Trump just fired two Board Members at the National Credit Union Administration in his continued attack on American consumers. This is the latest attempt b… Continue Reading
April 16, 2025
Senator Warren and Representative Wilson Send Bipartisan Letter Pressing State Department for Details and Timeline on Updating Syria Sanctions
“Our current sanctions not only threaten Syria’s economic and social stability but also risk spurring migration, worsening dependency on illicit drug exports, and once again providing inroads for Iran or Russia.” Response from State Department (PDF) | Text of Letter (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and Representative Joe Wilson (R-SC-02), Member of the House Foreign Affairs Committe… Continue Reading
April 14, 2025
Warren Urges Commerce Department to Block AI Chip Exports to China Amid Reports of Nvidia Backroom Deal
“Nvidia is not only selling to PRC national champions; it is doing so at the expense of U.S. startups and small businesses.” “Contrary to Nvidia's promise to the President, the company appears poised to help build more cutting-edge data centers in the PRC—not in the United States.” Text of Letter (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Secretary of Commerce Howard Lutnick… Continue Reading
April 11, 2025
FORWARDING: Amid Chaotic Reversals And Suspicious Social Posts, Leader Schumer, Senators Wyden, Warren And Schiff Urge Attorneys General To Investigate Trump Administration For Insider Trading Or Market Manipulation Related To Tariff Policy
Washington, D.C. - Today, Democratic Leader Chuck Schumer (D-NY), Senate Finance Committee Ranking Member Ron Wyden, Senate Banking Committee Ranking Member Elizabeth Warren, and Senator Adam Schiff sent the following letter to the National Association of Attorneys General urging them to investigate whether President Trump, his family, members of his administration, or members of Congress engaged in insider trading, market manipulation, or any violations of state laws in order to profit from rec… Continue Reading
April 11, 2025
Warren, Warnock Press Fed on Safeguards for Inflation and Jobs Decisions Citing Trump’s Politicization of Economic Data
“One thing we all agree on is the importance of accurate and high-quality economic data. Without it, policymakers would lack a necessary tool to improve the economy for American consumers, workers, and businesses.” Text of Letter (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and Rev. Raphael Warnock (D-Ga.), Ranking Member of the Subcommittee on Economic Policy, sent a letter to Federal Reserve … Continue Reading
April 11, 2025
BANKING BRIEF: Senate Banking Dems Launch Substack Focused on Unrigging the American Economy
Inaugural post authored by Ranking Member Elizabeth Warren: “Flashing Red Lights: A Warning for Our Economy” Link to blog here (Substack) Washington, D.C. - Today, the Senate Committee on Banking, Housing, and Urban Affairs (BHUA) launched a new Substack newsletter a sounding the alarm on the Trump Administration’s dangerous efforts to destabilize the economy and policies to unrig the economy so it works for working families. The inaugural post, authored by Senator Warren, focuses on the… Continue Reading
April 11, 2025
Warren, Schumer, Senate Colleagues Call on SEC to Launch Investigation into Possible Trump Tariff Market Manipulation, Insider Trading
“It is unconscionable that as American families are concerned about their financial security during this economic crisis entirely manufactured by the President, insiders may have actively profited from the market volatility and potentially perpetrated financial fraud on the American public.” Read Letter Here (PDF) Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, Minority Leader Senator Chuck Schumer (D… Continue Reading
April 10, 2025
Warren, Hirono, Durbin Lead Colleagues in Urging DOJ to Reverse Decisions Greenlighting Cryptocurrency-Based Crime
“These are grave mistakes that will support sanctions evasion, drug trafficking, scams, and child sexual exploitation.” Full letter here (PDF) Washington, D.C. - Today, U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Mazie K. Hirono (D-H.I.), a senior member of the Senate Judiciary Committee, and Dick Durbin (D-Ill.), Ranking Member of the Senate Judiciary Committee, led 6 Senators in urging Deputy Attorney General Todd B… Continue Reading
April 10, 2025
At Hearing, Warren Questions Fed Nominee on Financial Threats Posed by Trump’s Tariff Chaos
Warren: “President Trump is fanning the flames of disaster with his mismanagement of the nation’s economy. Instead of showing up with the fire department, Governor Bowman brings a can of gasoline.” Watch Warren exchange with Bowman Watch full hearing Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee gave opening remarks at a nomination hearing for key executive branch appointees. At the hearing, she al… Continue Reading
April 10, 2025
Ahead of Hearing, Warren Presses Bowman on Helping Wall Street Over Working People
Letter from Ranking Member Warren (PDF) Washington, D.C. - Ahead of today’s nomination hearing, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee wrote to Michelle Bowman, President Trump’s nominee for the Federal Reserve Board’s Vice Chair for Supervision detailing her concern about Bowman’s nomination at a moment of profound economic instability. In her letter, Ranking Member Warren pressed Bowman on her track record of deregula… Continue Reading
April 10, 2025
Warren Statement on March 2025 CPI
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, released the following statement: “With less than 100 days in office, Donald Trump has the Fed predicting higher inflation, workers worried about keeping their jobs, and business investment on pause. With his on-again, off-again tariffs, President Trump is rattling the markets, which haven’t seen this much volatility since the pandemic. Businesses will p… Continue Reading
April 9, 2025
Ahead of Confirmation Hearing, Warren Presses Terrorism and Financial Intelligence Nominee on Sanctions, Anti-Money Laundering Enforcement and Trump Admin Hiring Freeze
Text of Letter (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, sent a letter to Donald Trump’s nominee for Under Secretary of the Treasury for Terrorism and Financial Intelligence, John Hurley, ahead of his confirmation hearing pressing him on his plans to lead the agency charged with enforcing sanctions, combating money laundering and terrorist financing, and defending the financial system from… Continue Reading