Tag Archives: Elizabeth Warren

17 Democrats Decried for Sending This Clear Message: “I Work for My Bank Donors, Not My Constituents’

“Voters have seen this movie before. It didn’t work out in 2008 and it’s no wiser today. There is simply no excuse for a Democrat to add their name to Wall Street deregulation.”

By Jon Queally, staff writer for CommonDreams. Published 3-6-2018

Senators Tim Kaine and Angus King. Both senators were among the seventeen Democratic caucus members who voted in favor of a financial dergulation bill on Tuesday. “This bill wouldn’t be on the path to becoming law without the support of these Democrats,” said Sen. Elizabeth Warren (D-Mass.) following the vote. Photo: flickr

Sens. Elizabeth Warren and Bernie Sanders are not impressed.

And they were not alone Tuesday as outrage and disgust erupted among consumer watchdogs and progressives after Sen. Angus King (I-Maine) and sixteen Democrats joined with 50 Republicans in the U.S. Senate to advance a bill that critics say is just another handout for Wall Street banks—one that also sets the stage for the next major financial meltdown. Continue reading


Consumers are biggest losers of Trump’s ongoing war on regulations

File 20180207 74476 1tg0ftt.jpg?ixlib=rb 1.1

Some worry Mick Mulvaney is putting banks before consumers as head of the CFPB. Reuters/Yuri Gripas

Jeff Sovern, St. John’s University

President Donald Trump has been waging a war on regulation since he got into office on the ground that government red tape costs the economy billions of dollars a year.

Among the victors in this battle have been energy companies, banks and the president himself, who recently promised he’s “just getting started.” Perhaps the biggest losers, however, have been consumers.

The best illustration of this is the neutering of the Consumer Financial Protection Bureau, which began immediately after Mick Mulvaney stepped in as interim director in November. Continue reading


‘Kicking Off Black History Month,’ Trump Guts CFPB’s Ability to Curb Racial Discrimination by Banks

“These changes threaten effective enforcement of civil rights laws and increase the likelihood that people will continue to face discriminatory access and pricing as they navigate their economic lives.”

By Jake Johnson, staff writer for CommonDreams. Published 2-1-2018

Mick Mulvaney press conference about President Donald Trump’s budget plan. Screenshot: YouTube

In a move immediately condemned as yet another “shameful” effort by the Trump administration to roll back civil rights and reward big banks, the White House reportedly “stripped” a key Consumer Financial Protection Bureau (CFPB) office of the power to take action against financial firms accused of breaking laws against racist lending practices.

Instead of enforcing anti-discrimination laws and penalizing criminal banks, the CFPB’s Office of Fair Lending and Equal Opportunity will now be focused on “advocacy, coordination, and education,” according to an email sent to bureau employees by White House budget chief Mick Mulvaney, who was installed as the CFPB’s acting director by President Donald Trump over objections of consumer advocates.  Continue reading


Poll Shows Most Americans Blame Trump and GOP for Shutdown Mess

In past years, the president has argued that the responsibility to keep the government running lies with the White House

By Julia Conley, staff writer for CommonDreams. Published 1-19-2018

Lawmakers were struggling Friday to reach an agreement to keep the government funded ahead of a midnight deadline. (Photo: Mish Sukharev/Flickr/cc)

As President Donald Trump and members of Congress point fingers, blaming opposing political parties for a potential government shutdown, the public has spoken. A Washington Post/ABC poll finds that a most Americans would blame Republicans and the president should Congress fail to reach an agreement to keep the government funded by midnight on Friday.

Forty-eight percent of those polled in the survey of more than 1,000 people said they would hold the GOP responsible, while 28 percent said they would blame Democrats. Eighteen percent said both parties would be equally to blame. Continue reading


‘No One Should Be Fooled’: Warren Rips Trump’s HHS Pick Over Desire to Gut Medicaid

“You want to smile and pretend otherwise until you get the job,” Warren said.

By Jake Johnson, staff writer for CommonDreams. Published 1-9-2018

Alex Azar. Screenshot: YouTube

While President Donald Trump’s Health and Human Services (HHS) nominee Alex Azar—a former pharma executive—spent most of his Senate confirmation hearing on Tuesday ducking and dodging pointed questions about his long history of “price gouging,” Sen. Elizabeth Warren (D-Mass.) decided to call Azar out on his support for gutting Medicaid and turning the program into a block grant.

After Azar suggested he supports block granting Medicaid as a “concept to look at” but refused to say whether he would move in that direction if confirmed, Warren said, “Mr. Azar, you can own up to the fact that you want to cut Medicaid and gut the Affordable Care Act, like every other member of the Trump administration.”

Continue reading


As Final Tax Scam Vote Looms, Demands for McConnell to Seat Doug Jones ‘Immediately’

“Alabama voters deserve to have their voices heard in this fight.”

By Jake Johnson, staff writer for CommonDreams. Published 12-13-2017

After “bigotry and hatred were defeated at the polls” in Alabama on Tuesday, progressives turned their sights toward defeating the GOP’s attempt to deliver a trillion-dollar tax cut to the wealthy, demanding that Senate Majority Leader Mitch McConnell (R-Ky.) “immediately” seat newly elected Sen. Doug Jones before a final vote on the Republican tax bill.

Frank Clemente, executive director of Americans for Tax Fairness (ATF), said in a statement late Tuesday that Jones’s victory represents a repudiation of “the Trump-GOP agenda” and implored Republicans to “re-evaluate their support for the monstrous tax bill that will rip healthcare away from millions while raising taxes on middle class families.” Continue reading


Protests Planned Nationwide as Vote on FCC’s ‘Catastrophic’ Plan to Kill Net Neutrality Looms

Open internet supporters are demanding that lawmakers answer a simple question: “Do you stand for your constituents’ ability to communicate and connect, or do you stand for Verizon’s bottom line?”

By Jake Johnson, staff writer for CommonDreams. Published 12-4-2017

“Ajit Pai may be owned by Verizon, but he has to answer to Congress, and lawmakers have to answer to us, their constituents,” said Evan Greer, campaign director of Fight for the Future. (Photo: Battle for the Net)

With the FCC set to vote on chairman Ajit Pai’s plan to kill neutrality in just over a week, a diverse coalition—ranging from consumer protection organizations to progressive lawmakers to Harvard professors—is denouncing the FCC’s proposals and scheduling nationwide protests to combat the agency’s move to let massive telecom companies “cash in on the internet” at the expense of consumers.

This is the free speech fight of our generation and internet users are pissed off and paying attention,” Evan Greer, campaign director of Fight for the Future, said in a statement. “Ajit Pai may be owned by Verizon, but he has to answer to Congress, and lawmakers have to answer to us, their constituents.” Continue reading


Showdown Looms as Trump, Flouting Dodd-Frank, Says CFPB Hater Mulvaney to Head Agency

Agreeing with outgoing director Cordray, Sen. Elizabeth Warren pushes back against White House, saying Trump “can’t override” Dodd-Frank

By Andrea Germanos, staff writer for CommonDreams. Published 11-25-2017

Trump said Friday that OMB director Mick Mulvaney, seen here in 2013, would serve as acting director of the CFPB. Critics, however, say that’s not lawful, as it should be the individual named by outgoing director Richard Cordray—Leandra English. (Photo: Gage Skidmore/Flickr/cc)

A battle appears to be brewing between the White House and the Consumer Finance Protection Bureau (CFPB), with each having named a different individual to serve as acting director of the agency, and President Donald Trump’s appointment denounced as “legally dubious.”

The showdown gained steam on Friday afternoon when Richard Cordray, who had been leading the CFPB since its inception, tendered his expected resignation, saying he was leaving at the end of the day. Another key event that day was the CFPB naming Leandra English as deputy director of the agency. She had been serving as the agency’s chief of staff. Continue reading


VP Mike Pence Swings into Senate to Deliver ‘Wet-Kiss-to-Wall-Street’ Tie Breaker

“No wonder Americans think the system is rigged against them,” says Senator Elizabeth Warren. “It is.”

By Jon Queally, staff writer for CommonDreams. Published 10-25-2017

Vice President Mike Pence presiding over the Senate on Capitol Hill in Washington, Tuesday, Feb. 7, 2017, during the Senate’s vote on Education Secretary-designate Betsy DeVos. On Tuesday night, Pence returned to the chamber again to a break another tie. This time it was to make sure it’s easier in the future for financial service companies and other Wall Street darlies to make it easier to rip-off consumers. (Photo: Senate Television)

Just in time to do the bidding of the “rich and powerful,” as one Democratic Senator put it, Vice President Mike Pence was summoned to the Senate chamber on Tuesday night where he cast the tie-breaking vote in order to scrap a federal rule designed to protect consumers from so-called “rip-off clauses” used by Wall Street and other corporations.

While in the end it was two Republicans, Sens. Lindsey Graham of South Carolina and John Kennedy of Louisiana, who joined with Democrats and the Senate’s two Independents in voting against the resolution, Pence broke the 50-50 tie in order to scrap the rule. Continue reading


Refusing to ‘Sit Down and Shut Up,’ Trumpcare Opponents Mobilize Against GOP

“We have millions of Americans on our side,” declares Sen. Elizabeth Warren as groups aim to thwart ACA repeal once more

By Jessica Corbett, staff writer for Common Dreams. Published 9-19-2017

Progressive groups and senators rallied outside the Capitol Building in Washington, D.C. on Tuesday to protest GOP attacks on the national healthcare system. (Photo: PFAW/@peoplefor/Twitter)

Progressive groups and lawmakers continued to mobilize on Tuesday in response to Republicans’ last-ditch attempt to cut off millions of Americans from healthcare by dismantling the Affordable Care Act (ACA).

Following “red alerts” issued after weekend reports revealed Senate Majority Leader Mitch McConnell is considering a vote for a new bill crafted by Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.) that’s been called “Trumpcare by another name,” several groups planned a Tuesday afternoon rally at the Capitol Building in Washington, D.C. Continue reading