Minority Press Releases
Warren, Waters Press National Credit Union Administration on Board's Authority Following Illegal Terminations
“Despite the critical importance of a fully staffed board to NCUA operations, President Trump unlawfully fired NCUA Board Members Todd Harper and Tanya Otsuka on April 16, 2025.” Text of Letter (PDF) Washington, D.C. - 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 Services Committee, wrote to Kyle Hauptman, Chairman of the National Credit Union Ad… Continue Reading
June 20, 2025
Warren Seeks Answers from Empower Retirement on Threats to Americans' 401Ks from Private Equity and Private Credit
“While you claim that this partnership … will ‘help clients build secure and prosperous futures,’ there are many reasons to believe that the 19 million workers whose retirement funds you safekeep will be more at risk as a result” of their exposure to private equity and private credit. Text of Letter (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Empower Retirement CEO Edmund F. Murph… Continue Reading
June 20, 2025
Statement by Senator Warren on Senate Parliamentarian Advising on Republican Provisions in Budget Bill
Washington, DC - The Senate Parliamentarian advised on several provisions in Chairman of the Senate Banking, Housing, and Urban Affairs’ Committee Tim Scott’s section of Donald Trump’s so-called “Big, Beautiful Bill.” The Parliamentarian agreed that the funding cap for the Consumer Financial Protection Bureau (CFPB), elimination of the Public Company Accounting Oversight Board (PCAOB), gutting of the Office of Financial Research and Financial Stability Oversight Council, and slashing Federal Res… Continue Reading
June 18, 2025
Senator Warren Statement on Federal Reserve Decision
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement: “Americans deserve lower interest rates and lower costs, but Donald Trump and his chaotic tariffs stand in the way of that relief. Despite his promise to lower costs on ‘day one,’ Trump has failed to deliver. Inflation has ticked back up for food, shelter, and electricity, and the labor market has softened. Today, the … Continue Reading
June 18, 2025
Statement by Senator Warren on Lowest Housing Starts Since 2020
Washington, DC - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on May housing starts data: “Our nation is in a housing crisis, with millions of families struggling under sky-high housing costs. Instead of helping solve the problem by getting more housing built, President Trump is making it worse by injecting uncertainty into the housing market with his draconian housing program cuts and on-ag… Continue Reading
June 18, 2025
ICYMI: Yellen, Bernanke, Over 50 Bipartisan Experts Urge Congress to Prevent the Elimination of Key Financial Stability Watchdog
“Eliminating the OFR and crippling the FSOC would not reduce the federal budget deficit but would undermine America’s capacity to maintain a stable financial system” Text of Letter (PDF) Washington, D.C. - In case you missed it, former Treasury Secretary Janet Yellen, former Federal Reserve Chair Ben Bernanke, former FDIC Chair Sheila Bair, former Office of Financial Research (OFR) leaders, and more than 50 academics and experts across the political spectrum sent congressional leaders a lette… Continue Reading
June 16, 2025
Warren, Schumer, Democratic Senators Call for Transparency Regarding Reprivatization of Fannie Mae and Freddie Mac Ahead of Federal Housing Finance Oversight Board Meeting
“Transparency from your agencies is essential to understanding the Administration’s goals and to ensure you will not reprivatize the Enterprises in a way that rewards Wall Street while raising mortgage costs across the country.” 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, Leader Chuck Schumer (D-NY), Senator Ron Wyden (D-OR), Ranking Member of the Senate Finance Committee, and Se… Continue Reading
June 16, 2025
At Hearing, Warren Presses Trump Admin Nominees on Housing Discrimination and National Security Risks from the President’s Chip Deals
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 and questioned nominees at a hearing on five Trump Administration nominees: Ben DeMarzo, to be Assistant Secretary, Department of Housing and Urban Development (HUD); Craig Trainor, to be Assistant Secretary, HUD; John Jovanovic, to be Chairman, Export-Import Bank; Francis Brooke, to be Assistant Secretary, Departmen… Continue Reading
June 13, 2025
FORWARDING FROM KIM: Independent OIG Takes up Senators Kim and Warren Call for Investigation into Trump Administration’s Dismantling of CFPB
WASHINGTON D.C. - The independent Office of Inspector General (OIG) for the Federal Reserve System and Consumer Financial Protection Bureau (CFPB) is taking up the call from Senators Andy Kim (D-N.J.) and Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, to investigate the Trump Administration’s actions to dismantle the CFPB, including reviewing workforce reductions and canceled contracts. In April, the Senators wrote to the CFPB OIG demanding… Continue Reading
June 11, 2025
Warren, Blumenthal Probe Meta on Potential Stablecoin Revival
Letter warns GENIUS Act has a major loophole allowing Big Tech companies like Meta to issue their own private currency as stablecoins “Taxpayers could find themselves once again on the hook should Meta’s stablecoin experience a run. Policymakers would undoubtedly be asked to bail out a payments network with hundreds of millions, if not billions, of global users.” Text of Letter (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, a… Continue Reading
June 11, 2025
Ahead of Nomination Hearing, Warren Presses Trump Fair Housing Nominee Trainor on Enforcing the Law
If confirmed, you will lead HUD’s fair housing programs and enforcement of the Fair Housing Act and other civil rights laws amid President Trump’s efforts to decimate federal enforcement of our nation’s civil rights laws.” 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 Craig Trainor, President Trump’s nominee for Assistant Secretary of Fair Housing and Equal Opportunity at the Dep… Continue Reading
June 11, 2025
Warren, Merkley Seek Records on $2 Billion Trump Stablecoin Deal from UAE Firm and Binance
“Like officials at WLF, we support efforts to promote the U.S. dollar. We do not, however, see use of USD1—an instrument that conveniently lines the pockets of the sitting U.S. President and his family—as essential to that effort.” The letter comes as Senate votes on the GENIUS Act, legislation that would expand the reach of USD1 without basic safeguards against corruption or abuse. Text of Letter (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate … Continue Reading
June 11, 2025
On Senate Floor, Warren Urges Colleagues to Use Their Leverage and Vote No on GENIUS Act Until Critical Issues Addressed
“Over the past few months Democrats seem to have forgotten that we actually have some power. This is an opportunity to use that power. Democrats can withhold their approval of this bill today and say that the bill will not go forward unless we have the opportunity to vote on amendments, precisely as Leader Thune promised we could do.” “We don’t have to speculate on what could go wrong if this bill advances without changes. We have already seen it … the next time Trump is cut into a corrupt deal… Continue Reading
June 11, 2025
Senator Warren Statement on May 2025 CPI
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement: “The President should be doing everything he can to lower costs. Instead his across-the-board 10% tariffs are still in place and the threat of his reciprocal tariffs looms over businesses and consumers. Last week’s jobs data showed a softening labor market. Today’s inflation data shows food and electricity prices are up… Continue Reading
June 10, 2025
Banking Committee Democrats Call on Chairman Tim Scott to Hold Markup on "Big, Beautiful Bill" That Would Destroy CFPB and Undermine Financial Stability
"You have repeatedly emphasized the need to return to regular order in the Senate. That means holding a markup on major new laws affecting financial regulation.” Letter follows Banking Committee Republicans voicing concerns about the draft text violating Senate Byrd rule Read letter here Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and every committee Democrat called on Chairman Senator Tim Scott (R-SC… Continue Reading
June 6, 2025
Warren Statement on Senate Republicans’ Plan To Increase Costs For Families And Jeopardize Our Nation’s Financial Stability
Banking Committee Democratic staff release new fact sheet on how bill violates longstanding Senate Byrd Rule Fact Sheet (PDF) Washington, D.C. - Today, Chairman Tim Scott released the Senate Banking Committee’s section of Donald Trump’s so-called “Big, Beautiful Bill. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement in response: “This bill goes beyond the already extreme House bill and is yet anot… Continue Reading
June 6, 2025
Warren, Schumer, Democratic Senators Call on Pulte to Halt Fannie and Freddie Reprivatization Efforts Before Assessing Impact on Families
“We have serious concerns that you plan to make significant changes to the Enterprises in a way that would put investor profits over the homes of millions of Americans.” Read letter here Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Minority Leader Senator Chuck Schumer (D-NY), led more than a dozen Democratic Senators in a letter to the Federal Housing Finance Agenc`y (FHFA) Director, Bill Pulte, rai… Continue Reading
June 6, 2025
Senator Warren Statement on May 2025 Jobs Report
Washington, DC - Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement: “The Trump trifecta of chaotic tariffs, tax cuts for the wealthy, and unleashing Wall Street to cheat people is undermining American jobs and hurting working families. This week’s series of labor market indicators, including today’s employment data and continued downward revisions, provide yet more evidence that Trump’s misguided polic… Continue Reading
June 6, 2025
FORWARDING: Velázquez, Waters, Warren, Markey, and Whitehouse Unveil Bill to Support Small Business Compliance with Corporate Transparency Act
WASHINGTON - Today, Congresswoman Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, introduced new bicameral legislation to help small businesses comply with beneficial ownership reporting requirements under the Corporate Transparency Act (CTA) and push back against the Trump administration’s efforts to weaken the law. She was joined in the House by Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee. Companion legislation w… Continue Reading
June 5, 2025
Warren, Waters, Call on Fed to Reverse Course on “Embarrassing and Unwarranted” Wells Fargo Asset Cap Removal
Lawmakers call on Fed to turn over Wells Fargo's exam reports for the last five years for Congressional review “The Fed’s decision to lift Wells Fargo’s asset cap despite mounting evidence that the firms’ systemic management failures persist is a direct giveaway to Wall Street at consumers’ expense.” Read letter here Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Congresswoman Maxine Waters (D-CA), R… Continue Reading