Minority Press Releases
Warren, Warnock, Cleaver Re-Introduce Comprehensive Bill to Lower Housing Costs and Address Housing Crisis
Bicameral legislation would build nearly three million new homes, bring down rents by 10%, cut red tape Ranking Member’s bill introduced ahead of first hearing on housing of this Congress in Senate Committee on Banking, Housing, and Urban Affairs Bill Text (PDF) | Bill Summary (PDF) | Moody’s Independent Analysis (PDF) Letter of Support from Massachusetts Mayors (PDF) Letter of Support from Civil Rights Groups (PDF) Letter of Support from Cooperative Credit Union Association (PDF) Letter o… Continue Reading
March 10, 2025
Warren, Warner, Kim Reveal that After Trump Hiring Freeze, Treasury Has Halted Hiring and Rescinded Job Offers of National Security Officials in the Office of Terrorism and Financial Intelligence
Trump Administration Failed to Implement National Security Exemption from Hiring Freeze - Jeopardizing our Economic and National Security Response from Treasury (PDF) Washington, D.C. - In response to an oversight request made by U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Committee members Mark Warner (D-Va.), and Andy Kim (D-NJ), the Department of the Treasury confirmed that, after President Trump’s January 20 hirin… Continue Reading
March 10, 2025
Two Years After Silicon Valley Bank Collapse, Warren Lambastes Fed’s Weak Response
Fed Has Failed to Update Rules, Punish Executives After Massive, Costly Bank Collapse Warren to Powell: The Fed’s delayed response and failure to hold executives accountable “is an abdication of your responsibility to maintain the safety and soundness of the nation’s banking system and an invite for future mismanagement by the next generation of wealthy bank executives.” Letter from Ranking Member Warren (PDF) Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member … Continue Reading
March 7, 2025
Kim and Warren Push for Banking Transparency in Letter to the Consumer Reporting Agency, ChexSystems
Text of Full Letter (PDF) WASHINGTON, D.C. - Today, Senators Andy Kim (D-N.J.) and Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, sent a letter to President Ronald Whyte of ChexSystems, a consumer reporting agency, demanding increased transparency in their reporting process to break down barriers to financial mobility and help protect Americans from financial hardships like debanking. “Every American who wants a checking account should be… Continue Reading
March 7, 2025
Senator Warren Statement on February 2025 Jobs Report
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: "Today’s February Jobs Report does not alleviate the growing consequences of the Trump Administration’s move-fast-and-break-things approach to our economy. Beneath the surface of today’s numbers, hiring rates are slowing, real incomes are no longer rising, and state and local job gains are dissipating - leaving our la… Continue Reading
March 7, 2025
Ahead of White House Crypto Summit, Warren Questions Trump Crypto Czar on Corrupt Plan for a Strategic Reserve and his Conflicts of Interest
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 David Sacks, President Donald Trump’s Special Advisor for AI and Crypto, calling on him to immediately make any financial disclosures that he has filed with the government public and explain how he is addressing conflicts of interest as the Administration pushes policies that could directly benefit the President, Administr… Continue Reading
March 6, 2025
Ahead of Committee Vote, Warren Releases Disqualifying Responses from Trump CEA, CFPB, FHFA, and BIS Nominees
Committee still awaiting FBI background investigations on CFPB and BIS nominees Warren presses FHFA nominee Bill Pulte to provide Committee with 25,000 deleted tweets since November election Text of Kessler Response (PDF) | Text of Miran Response (PDF) | Text of McKernan Response (PDF) | Text of Pulte Response (PDF) | Warren Letter to Pulte on Deleted Tweets (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), ranking member of the Senate Banking, Housing, and Urban Affairs Co… Continue Reading
March 5, 2025
Warren Urges Fellow Senators to Vote No on Elon Musk’s “Get Out of Jail Free Card”
“Vote yes if you want more Americans to get scammed, vote no if you don’t. Vote yes if you want Elon Musk to have a Get-Out-of-Jail-Free card when he scams people on X money, vote no if you don’t.” Warren warns on next Republican giveaway to Elon: Legislation moving next week that will allow Musk to issue X Money as his own stablecoin without any guardrails to protect consumers. Video (YouTube) Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Ba… Continue Reading
March 5, 2025
As Elon Musk Tries to Destroy the CFPB, Warren, Schiff Demand Answers from Office of Government Ethics on Conflicts of Interest
Letter follows vote in the Senate to give Elon Musk a “Get Out of Jail Free Card” by stripping CFPB of authority to prevent fraud at X Money “Actions by Mr. Musk and DOGE at the CFPB have the potential to directly benefit X, Visa, and Tesla—and by extension, Mr. Musk.” Letter from Ranking Member Warren, Senator Schiff (PDF) Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Senator Adam Schiff (D-Ca… Continue Reading
March 5, 2025
TODAY: Will Republicans Vote to Let Elon Musk Cheat Americans Out of Their Money?
Check out the video Senator Warren recorded ahead of today's vote (transcript below) Yesterday, President Trump - joined by his co-president Elon Musk - stood in front of Congress and pledged to the American people that he will lower costs and “renew the American Dream.” The very next day, he’s trying to overturn a law that would strip the Consumer Financial Protection Bureau (CFPB) of its ability to protect Americans from getting scammed on digital payment platforms. More than three-quarters o… Continue Reading
March 4, 2025
AHEAD OF SPEECH: Trump Abandons CFPB Enforcement Cases, Leaving American Consumers High and Dry
Senator Warren quote: “President Trump is speaking tonight about ‘renewing the American Dream.’ Just hours before his speech, he and Elon Musk killed a lawsuit that could provide relief to cheated Americans. Trump's American Dream means big business gets bigger and Americans get scammed.” Ahead of his address to Congress tonight, President Trump and Elon Musk are continuing their attack on American consumers by dropping new Consumer Financial Protection Bureau (CFPB) enforcement cases that coul… Continue Reading
March 3, 2025
Warren Statement on President Trump’s Tariffs for Canada and Mexico
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: “President Trump’s across-the-board tariffs on Canada and Mexico won’t boost American manufacturing, strengthen supply chains, or create jobs. Donald Trump promised on ‘Day 1’ to lower costs, but instead working families now have to worry about giant corporations using his haphazard tariff announcements as an excuse to … Continue Reading
February 28, 2025
Warren Statement on January PCE
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 January PCE: “This week's initial jobless claims and plummeting consumer confidence data prove that President Trump is leading us full steam ahead into a chaos economy. With flashing warning signs — dissipating labor gains, declining investment, and falling consumer confidence — today’s inflation data shows that the … Continue Reading
February 27, 2025
BREAKING: During CFPB Director Nomination Hearing, Trump-Musk Attack on CFPB Continues with Dropped Enforcement Cases
Ranking Member Warren to McKernan: “[This] announcement is designed to embarrass you and to show exactly who is in charge of this agency right now: Elon Musk and his little band of hackers.” Watch here (YouTube) Washington, DC - Today, during the Senate Banking Committee nomination hearing for CFPB Director Nominee Jonathan McKernan, Ranking Member Senator Elizabeth Warren revealed breaking news that co-presidents Trump and Musk are dropping multiple CFPB enforcement cases against giant corpor… Continue Reading
February 27, 2025
Warren: Democrats Are Ready to Ask CFPB Nominee What He Thinks His Job Will Be As Trump and Musk Try to Kill the Agency
Will Press Housing Agency Nominee on Threats of Increased Housing Costs from Privatization “(McKernan) will be squeezed in among four nominees, and we’ll have 75 seconds to ask him what he thinks his job will be if he is confirmed as CFPB Director while Trump and Musk try to kill the agency” Watch hearing here Washington, DC - Today, Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, gave opening remarks at a Committee hearing on four nominee… Continue Reading
February 27, 2025
Warren, Waters Statement on Scott Turner Terminating Anti-Discrimination Housing Rule
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee and Representative Maxine Waters (D-Calif.), Ranking Member of the House Financial Services Committee released the following statement: “Secretary Turner is abandoning HUD’s legal obligation to eliminate housing discrimination in the United States. At a time when America is experiencing a full-blown housing crisis and record levels of housing discriminat… Continue Reading
February 27, 2025
Warren Seeks FHFA Nominee Bill Pulte’s Deleted Social Media Posts Ahead of Nomination Hearing
Pulte Appears to Have Deleted Over 24,000 Tweets “I am writing to seek your assistance in gathering previously public information about Mr. Pulte that he appears to have deleted and is now hidden from the public.” “To ensure the Committee can perform its duties, I request that you provide all of Mr. Pulte’s social media activity on your platform since he created his account in 2009.” Text of Letter (PDF) Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate… Continue Reading
February 26, 2025
Ahead of Confirmation Hearing, Warren Questions Under Secretary Nominee Kessler on Export Controls, Enforcement, and National Security Concerns
If Confirmed, Kessler Would Enforce Export Controls, Implement Trump Tariffs “There is broad bipartisan support for empowering BIS to achieve its mission. However, for BIS to succeed, it needs to maintain integrity and trust - two qualities that this administration sorely lacks.” “The President has a track record of using power for personal enrichment and empowering individuals with flagrant conflicts of interest. I seek your assurance that, if confirmed, you will reject that approach.” Text… Continue Reading
February 26, 2025
ICYMI: Senate Democrats Investigate Trump-Musk Attack on American Consumers
Watch here (YouTube) Washington, D.C. - Yesterday, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Senate Democrats investigated the Trump-Musk Attack on American Consumers. They highlighted how President Trump is letting Elon Musk shut down the Consumer Financial Protection Bureau (CFPB) — an agency that has returned more than $21 billion to families scammed by big banks and other financial institutions — and making it ea… Continue Reading
February 26, 2025
Senate Democrats Press HUD Secretary Turner on Threat of Rising Housing Costs from Plan to Reprivatize Fannie Mae and Freddie Mac
Senate Democrats Press HUD Secretary Turner on Threat of Rising Housing Costs from Plan to Reprivatizate Fannie Mae and Freddie Mac Privatization A Giveaway for Hedge Funds, Wealthy Investors; Could Hurt Homebuyers “Reprivatization of Fannie Mae and Freddie Mac threatens to raise the cost of mortgages and rent and make it even harder to access credit for purchasing a home. At a time when so many Americans are struggling with housing costs, we must ask why you are choosing as one of your first … Continue Reading