Minority Press Releases
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
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 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 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