Minority Press Releases
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
February 4, 2025
Statement by Senator Warren on China Tariffs
Washington, D.C. - 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 China’s announcement of retaliatory actions to President Trump’s tariffs today: “Tariffs are a tool to help strategically grow American industry. I’m concerned that President Trump is stumbling into a trade war that isn’t designed to protect American jobs or industry while giving corp… Continue Reading
February 4, 2025
Warren, Gallego, Senators Call for Investigation into RealPage Algorithm Potentially Hiking Rents for Military Families, Siphoning Money from U.S. Military
“These findings raise significant concerns that landlords are profiteering by taking taxpayer money that is intended to support military families.” 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 member of the Senate Armed Services Committee, and Senator Ruben Gallego (D-Ariz.), member of the Senate Banking, Housing, and Urban Affairs Committee led a letter to Secretary of the Depar… Continue Reading
February 3, 2025
Warren, Hawley Call on Trump Administration to Quickly Address Export Control Failures Revealed by DeepSeek Breakthrough
“Multiple administrations have failed - at the behest of corporate interests - to update and enforce our export controls in a timely manner. We cannot let that continue.” Text of letter (PDF) Washington, DC - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee and United States Senator Josh Hawley (R-Mo.) wrote to Commerce Secretary Nominee-Designate Howard Lutnick calling on the Trump Administration to strengthen export … Continue Reading
February 1, 2025
Statement by Senator Elizabeth Warren on Consumer Financial Protection Bureau Director Rohit Chopra
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 President Trump’s firing of the Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra. Under Rohit Chopra’s leadership, the CFPB is holding Wall Street accountable for cheating hard-working families and preventing the de-banking of Americans across the country, including consumers locked out of the… Continue Reading
February 1, 2025
Statement from Senator Warren on Trump Tariffs
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 President Trump using the International Emergency Economic Powers Act (IEEPA) to impose tariffs on Canada, Mexico, and China: “Tariffs are an important strategic economic tool, but Donald Trump’s desire for a trade war with Canada and Mexico won’t protect jobs, keep Americans safe, or bring down costs for families. T… Continue Reading
January 30, 2025
Warren, Smith Question Trump on Damage from Funding Shut Down on Housing for Families and Lowering Housing Costs
“We are in the middle of a housing crisis…Congress and the public need answers on how the Administration’s reckless actions are affecting Americans that rely on HUD programs” “Gross mismanagement” by Trump Administration raises concerns about funds to break ground on new affordable housing, remove lead paint, house veterans and the homeless Text of Letter (PDF) Washington, DC - United States Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committe… Continue Reading
January 29, 2025
Statement by Senator Warren on Interest Rates
With his decision today, Chair Powell is putting Americans’ jobs at risk and making it more difficult for families across the country to afford a home or pay off their credit card bill. President Trump inherited a strong economy, but costs are still too high for too many families. The Fed needs to cut interest rates further, and President Trump needs to take real action to lower costs - instead of causing chaos and shutting down programs that help families, seniors, and veterans.… Continue Reading
January 23, 2025
Warren, Reed Call Out Big Banks for Pocketing Extra Interest Rate Returns on Customers’ Savings Accounts
While customers are struggling with inflation, big banks are charging them high rates and collectively raking in $1 trillion in record profits Text of Letters (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and Jack Reed (D-R.I.), member of the Senate Committee on Banking, Housing, and Urban Affairs, wrote to the heads of Wells Fargo, JPMorgan Chase, Bank of America, Citibank, US Bank, Truist, and… Continue Reading
January 23, 2025
Warren, All Committee Democrats Vote Against Advancing Trump HUD Nominee Scott Turner After Failure to Provide Committee with FBI Background Check
Ranking Member Warren was Prepared to Support Turner’s Nomination Rushing Turner’s Confirmation Vote Without FBI Background Check Broke with Committee Practice Washington, DC - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and all Committee Democrats voted against advancing President Trump’s nomination for Secretary of Housing and Urban Development following the White House’s failure to complete Scott Turner’s FBI backg… Continue Reading
January 23, 2025
Warren, Auchincloss Investigate Trump Meme Coins; Raise Concerns about Consumer Ripoffs, Foreign Influence-Peddling, Conflicts of Interest
“This meme coin could hurt the very people President Trump says he is working to help” “Anyone, including the leaders of hostile nations, can covertly buy these coins, raising the specter of uninhibited and untraceable foreign influence over the President of the United States, all while President Trump’s supporters are left to bear the risk of investing in $TRUMP and $MELANIA” Text of Letter (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Commit… Continue Reading
December 20, 2024
Brown, Reed Raise Concerns on the Growing Risks of the Private Credit Market
WASHINGTON, D.C. - Today, U.S. Senators Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and Senator Jack Reed (D-RI), raised concerns about the growing risks posed by the private credit market. In a letter to Federal Reserve Chair Jerome Powell and Vice Chair Michael Barr, the Senators once again urged federal banking regulators to take action to protect savers and consumers from the risks posed by private credit as it grows in size, complexity, and… Continue Reading
December 19, 2024
Brown, Colleagues Urge Clear Process for Renters to Report Issues with Enterprise-Backed Properties
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with Senators Elizabeth Warren (D-MA), Jack Reed (D-RI), Catherine Cortez Masto (D-NV), John Fetterman (D-PA), Martin Heinrich (D-NM), and Alex Padilla (D-CA) urged the Federal Housing Finance Agency (FHFA) to direct Fannie Mae and Freddie Mac (the Enterprises) to establish a clear process for renters and local officials to report maintenance, safety, and ot… Continue Reading
December 11, 2024
Chair Brown in Final Committee Hearing: Our Charge is to Put Workers at the Center of Everything We Do
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, held his final hearing titled “Consumer Protection: Protecting Workers’ Money and Fighting for the Dignity of Work.” Brown joined the Banking, Housing and Urban Affairs Committee in 2007 during his first Senate term. He became Ranking Member in 2015 and took over as Chair in 2021. Sen. Brown’s remarks, as prepared for delivery follow: When I joined this committ… Continue Reading
October 18, 2024
Following Historic Hurricanes, Brown Requests Information on Flood Insurance Program’s Funding Needs
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, requested information from FEMA Administrator Deanne Criswell on the National Flood Insurance Program’s (NFIP) funding and resource needs as it continues to assist those whose homes were damaged by Hurricanes Helene and Milton. In a letter to Criswell, Brown asked for information on NFIP’s current claims paying ability, the number of claims already filed and the a… Continue Reading
October 9, 2024
Brown Statement on the Passing of Former Banking Housing and Urban Affairs Committee Chair Tim Johnson
WASHINGTON, D.C. - Today, U.S. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing and Urban Affairs Committee, offered his condolences to the family of former Senator Tim Johnson (D-SD) following the news that he passed away. Brown served on the Banking and Housing Committee with Johnson from 2007 to 2015, including under Johnson’s leadership as Chair of the Committee. “Tim Johnson dedicated his life to public service. During our time together on the Senate Banking and Housing Comm… Continue Reading
September 18, 2024
Brown: Long Overdue Interest Rate Cut Lowers Costs for Ohioans
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing and Urban Affairs issued the following statement today after the Federal Reserve announced it would start lowering interest rates: “Today’s long overdue action will help bring down housing costs, including high interest rates that are making it unaffordable for families to buy a home. Prices are still far too high - now it’s time for action to address the root cause of inflation: corpo… Continue Reading
September 12, 2024
Brown: Americans Shouldn’t Have to Fight Frauds and Scams Alone
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled, “Protecting Americans’ Money: Combatting Scams and Frauds Against Seniors and Savers.” Sen. Brown’s remarks, as prepared for delivery follow: As we begin, I’d like to take this opportunity to welcome Senator Helmy to the Banking and Housing Committee. We’re excited for him to join us, and I l… Continue Reading
September 11, 2024
Brown, Colleagues Urge Fed to Finalize Faster Bank Transfers and Expand to 24/7/365 Service
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with Senators Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Tina Smith (D-MN), and John Fetterman (D-PA) urged Federal Reserve Chair Jerome Powell to finalize a proposed rule expanding the Fed’s settlement services’ operating hours to weekends and holidays, and take additional steps to expand settlement services so Americans can access their money 24 hou… Continue Reading