Minority Press Releases
Senator Warren Statement on Securing Watchdog Probe into Impacts of FDIC’s Rescinding of More than 200 Bank Examiner Job Offers
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 on the FDIC Inspector General’s response to her questions on reports that Acting Chairman, Travis Hill, is rescinding more than 200 job offers to bank examiners. “I’m pleased that the FDIC Inspector General will review the threats to the stability of the banking system caused by the Trump Administration’s recent buyout… Continue Reading
February 19, 2025
Warren and Schiff Demand Removal of Musk’s Operatives from CFPB, Citing X and Tesla Conflicts of Interest
“Americans deserve a CFPB that will continue to stand up against corporate greed—not an agency shut down by officials looking out for themselves,” “Mr. Musk is … neutralizing the pro-consumer agency that will supervise X’s digital wallet… potentially gaining access to confidential corporate data that could provide X with an unfair advantage.” “The CFPB plays a critical role in supervising the auto lending industry and protecting consumers from corporate malfeasance and scams. Therefore, actio… Continue Reading
February 18, 2025
Warren, Murray, Gillibrand, Smith, and Schumer Demand Trump & Musk Halt Cuts to HUD Workforce, Warn that Cuts Could Jeopardize Seniors, Homeless Veterans, and HUD’s Capacity to Address the Nation’s Housing Crisis
“We are deeply alarmed and troubled by reports that you terminated hundreds of probationary employees on Friday and are planning to cut the U.S. Department of Housing and Urban Development’s (HUD’s) workforce by 50 percent or nearly 4,300 staff.” “[A]t the start of your tenure as Secretary, HUD’s staffing capacity was near its 2012 levels with a dedicated workforce ready to advance HUD’s mission. So much of that hard-fought progress has been wiped away in less than three weeks…” Text of … Continue Reading
February 14, 2025
Warren, Wyden Secure Independent Treasury and Congressional Watchdog Investigations into DOGE’s Unprecedented Access to the Federal Government's Payment Systems
Response from Congressional Watchdog (PDF) | Response from Treasury IG (PDF) Washington, D.C. - In response to a request from lawmakers led by U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, the Treasury Inspector General and the Governmental Accountability Office (GAO) confirmed that they will investigate Secretary of the Treasury Scott Bessent’s reported… Continue Reading
February 14, 2025
Elizabeth Warren, Rick Scott Warn of “Culture of Corruption” at the Fed, Call for Stronger Ethics Enforcement
“We write regarding what appears to be your ongoing refusal to hold Federal Reserve (Fed) officials accountable for violations of the Fed’s Investment and Trading Policy and the Financial Disclosure Rules.” Text of Letter (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Senator Rick Scott (R-Fla.), sent a letter to Federal Reserve (Fed) Chair Jerome Powell, expressing deep concerns regarding the… Continue Reading
February 14, 2025
Warren, Wyden Secure Independent Treasury and Congressional Watchdog Investigations into DOGE’s Unprecedented Access to the Federal Government's Payment Systems
Response from Congressional Watchdog (PDF) | Response from Treasury IG (PDF) Washington, D.C. - In response to a request from lawmakers led by U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, the Treasury Inspector General and the Governmental Accountability Office (GAO) confirmed that they will investigate Secretary of the Treasury Scott Bessent’s reported… Continue Reading
February 13, 2025
Senate Banking, Finance, and Appropriations Committee Leaders Demand Answers from Secretary Bessent After Misrepresentations on DOGE Access to Treasury Data, Payment Systems
New Court Documents Reveal That Treasury Provided Incomplete, Misleading Information “[Y]ou are either misrepresenting basic facts to Congress and the American people - or simply do not know what DOGE is doing in your agency.” “You said that a longtime technology executive was looking at Treasury systems, but it was actually a 25-year-old programmer who quickly resigned after his racist social media posts went viral.” Text of Letter (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-… Continue Reading
February 12, 2025
Warren and Waters Lead Nearly 200 Members of Congress, Entire Senate Democratic Caucus: Remove Musk’s Operatives from the CFPB and Allow it to Protect American Consumers
“The Trump Administration has effectively fired the financial cop on the beat and declared open season for predatory lenders and scam artists working to steal Americans’ money and threaten their financial security.” “We beat back all prior efforts to gut this agency, and we will fight this latest attack in Congress, the courts, and the public. It will fail.” Text of Letter (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban… Continue Reading
February 11, 2025
Statement by Senator Elizabeth Warren on New CFPB Director Nomination
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 nomination of a new Consumer Financial Protection Bureau (CFPB) Director: “The question is not who the nominee is. The question is whether co-presidents Elon Musk and Donald Trump will let the CFPB continue its work as the cop on the financial beat or will they keep trying to illegally shut down the agency and let W… Continue Reading
February 11, 2025
At Hearing, Warren Calls on Fed Chair to Work with Congress to Prevent DOGE Takeover of the Fed; Not Join Conspiracy to Shutter the CFPB
“It appears that Secretary Bessent is now trying to throw the Federal Reserve under the bus...The Fed simply executes the transactions Treasury instructs… the Fed may have no way of knowing the instructions were manipulated and no legal method to override it. “Unlike the Treasury payment instructions, you can see if the CFPB’s funding requests have been manipulated….Do not make the Federal Reserve an accomplice to this illegal act and forever sully the reputation of the Fed. Keep the CFPB fund… Continue Reading
February 11, 2025
Warren and Waters Question Fed Chair Powell on Proposal to Slash Bank Stability Rules; Warn of “Surrender” to Big Bank Lobbyists
“The Federal Reserve Board should refrain from weakening the stress testing framework and vigorously defend its clear legality in court.” “The changes sought by big banks…will come back to haunt families, small businesses, and the economy, increasing the likelihood of another Wall Street-driven economic collapse.” Text of Letter (PDF) Washington, D.C. - Ahead of Federal Reserve Chair Jereme Powell’s hearings, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on … Continue Reading
February 11, 2025
Warren and Waters Question Fed Chair Powell on Proposal to Slash Bank Stability Rules; Warn of “Surrender” to Big Bank Lobbyists
“The Federal Reserve Board should refrain from weakening the stress testing framework and vigorously defend its clear legality in court.” “The changes sought by big banks…will come back to haunt families, small businesses, and the economy, increasing the likelihood of another Wall Street-driven economic collapse.” Text of Letter (PDF) Washington, D.C. - Ahead of Federal Reserve Chair Jereme Powell’s hearings, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on … Continue Reading
February 11, 2025
Warren, Colleagues Request Watchdog Probe into FDIC Rescinding More than 200 Bank Examiner Job Offers it Needs to Avoid Another Banking Collapse
“The FDIC OIG has previously concluded that staffing shortages…were one of two ‘primary causes for delays in supervisory activities’ related to Signature Bank’s failure in March 2023” “We ask that you conduct an evaluation of this decision and determine whether it undermines progress on the FDIC OIG’s previous recommendations to the agency.” Text of Letter (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), ranking member of the Senate Banking, Housing and Urban Affairs Committe… Continue Reading
February 10, 2025
New Video: Senator Warren Sounds Alarm on Attack on Consumer Financial Protection Bureau
“Already, this little agency has forced the giant banks and corporations to give back more than $21 billion directly to families they cheated” “Trump campaigned on helping working people, but now that he’s in charge, this is the payoff to the rich guys who invested in his campaign and who want to cheat families” “Congress built the CFPB, and no one other than Congress — not the President, not Musk, not Vought - can shut it down.” Watch video here Washington, DC - United States Senator Eli… Continue Reading
February 7, 2025
Warren, Senate Democrats Demand Secretary Bessent Address ‘DOGE’ Chaos at Treasury; Push for Independent Inspector General Investigation of Treasury Secretary’s Role
Treasury’s response to senators evaded key questions, conflicted with publicly available information about DOGE access; Warren calls on Bessent to give straight answers about the integrity of the Department of the Treasury’s payment systems Text of members’ letter to IGs (PDF) | Text of Warren letter to Bessent (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Senator Ron Wyden, Ranking Member of the Se… Continue Reading
February 5, 2025
At Senate Banking Hearing, Warren Calls on President Trump to Work with CFPB to Protect Americans Against Debanking
Warren released new analysis identifying thousands of debanking complaints with more than half against four big banks: Bank of America, JPMorgan Chase, Wells Fargo, Citigroup In letter to Trump, Warren urged him to lift his freeze on CFPB’s work, so the agency can finalize and enforce their existing debanking safeguards Video of Hearing Washington, DC - At the Senate Banking, Housing, and Urban Affairs hearing on debanking, Ranking Member Elizabeth Warren (D-Mass.) made the case for lifting … Continue Reading
February 5, 2025
Ahead of Banking Committee Hearing, Warren Calls on President Trump to Prevent Debanking of Americans
Warns that Bessent’s “decision to halt activity at the CFPB will only impede efforts to stop debanking.” New analysis identifies thousands of debanking complaints, causing substantial hardship for consumers, with more than half against four big banks: Bank of America, JPMorgan Chase, Wells Fargo, Citigroup CFPB and federal regulators have tools to address threat of debanking; Instead of shutting down CFPB, Trump must empower agency to finalize and enforce debanking safeguards Text of Letter … Continue Reading
February 4, 2025
Senator Warren Statement on Department of Treasury’s Response
Washington, DC - United States Senator Elizabeth Warren, ranking member of the Senate Banking, Housing, and Urban Affairs Committee, and a member of the Senate Finance Committee released the following statement on the Department ofTreasury’s response to her questions for Secretary Bessent on reports that he granted Elon Musk and DOGE access to government payment systems. “The response from Treasury raises more questions than answers. It asserts that a set of Treasury staff members have “read-on… Continue Reading
February 4, 2025
Warren, Wyden Call for Watchdog to Investigate Elon Musk’s Dangerous and Unprecedented Access to Critical Treasury Department Payment Systems
Banking, Finance leaders ask Government Accountability Office to identify who was granted access to these systems, why and how this access was granted, and the implications for the nation’s economic and national security Text of letter (PDF) Washington, DC - United States Senators Elizabeth Warren (D-Mass.), ranking member of the Senate Banking, Housing, and Urban Affairs Committee and Ron Wyden (D-Ore.), ranking member of the Senate Committee on Finance called on the Government Accountabili… Continue Reading
February 4, 2025
Senator Warren Statement on Department of Treasury’s Response
Washington, DC - United States Senator Elizabeth Warren, ranking member of the Senate Banking, Housing, and Urban Affairs Committee, and a member of the Senate Finance Committee released the following statement on the Department of Treasury’s responseto her questions for Secretary Bessent on reports that he granted Elon Musk and DOGE access to government payment systems. “The response from Treasury raises more questions than answers. It asserts that a set of Treasury staff members have “read-on… Continue Reading