Minority Press Releases
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
April 9, 2025
On Senate Floor, Warren Calls on Republicans to Help Put an End to Donald Trump's Tariff Chaos; Calls for Independent Investigation into Market Manipulation
Watch Speech Live (YouTube) Washington, DC - Right now, Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, is delivering a speech on the Senate floor calling on Republicans in Congress to help put an end to President Donald Trump’s tariff chaos. Below are Ranking Member Warren’s remarks as prepared for delivery: Donald Trump is taking a sledgehammer to our economy. First Donald Trump imposed across the board tariffs. Then, just a … Continue Reading
April 8, 2025
Warren to Mortgage Bankers Association: Trump's Trade War is Driving Up Housing Costs Amidst Housing Affordability Crisis
“Donald Trump is personally making it impossible for more Americans to own a home: the National Association of Home Builders estimates that the tariffs President Trump put in place last month would add more than $9,000 to the cost of building a home.” “(Trump's) latest chaotic round of tariffs will drive up housing costs even more and could force more Americans into heartbreaking realizations that they just can’t afford the dream they thought they could.” Washington, DC - Today, Senator Eliza… Continue Reading
April 8, 2025
Warren, Wyden, Paul and Schumer Release Bipartisan Resolution to Repeal Global Tariffs and Restore Congressional Authority Over Trade
Text of Resolution (PDF) Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, and Rand Paul (R-Ky.), along with Senate Minority Leader Chuck Schumer (D-N.Y.) and Sens. Tim Kaine (D-Va.), Jeanne Shaheen (D-N.H.), and Peter Welch (D-Vt.) released a resolution today that would repeal Donald Trump’s global tariffs. The resolution will formal… Continue Reading
April 7, 2025
Senator Warren Calls on Secretary Bessent to Convene Financial Stability Oversight Council to Contain Damage of Trump Worldwide Tariffs
Warren: Instead of spinning tales with Tucker Carlson, we need a Secretary of Treasury in the real world Reiterates call for Republicans to join Democrats in Congress to pass a resolution to remove Trump's worldwide tariffs Watch full interview here Washington, DC - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs called on Secretary Scott Bessent to do his job and convene the Financial Stability Oversight Counci… Continue Reading
April 7, 2025
Banking Democrats Call on Chairman Scott to Hold Hearing on Trump’s Disastrous Use of Emergency Powers to Impose Tariffs and Cause Chaos for American Families
Senate Banking Committee Dems: “We urge you to hold a hearing so the American people can understand the President’s plan and how it will affect their economic futures.” Senator Warren: “Congress is not without power. Republicans in Congress can join Democrats to pass a resolution immediately to turn off President Trump’s tariffs.” 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,… Continue Reading
April 4, 2025
New Video: Senator Warren Sounds Alarm on Trump Tariffs Devastating Impact on American Families
“If this sounds to you like chaos that’s because it is.” “(T)hat’s what the Trump presidency is all about - works great for billionaires, and works bad for everyone else.” Watch video here Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, released a new video sounding the alarm that President Trump’s tariff scheme is economic chaos that will ultimately mean higher costs for working families. Earlier… Continue Reading