Dodd-Frank requires big financial institutions to submit living wills, a plan for how they could be liquidated--and I want to quote the statute here--``in a rapid and orderly fashion'' in bankruptcy without bringing down the economy or…
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
The other approach is to play it safe. Keep the threshold where it is and rely on the Fed to tailor the rules to fit the risks posed by these different banks.
The first, which every Republican on this Committee supported, is to raise the threshold to $500 billion--that is, cut loose about 30 or so of the biggest banks in this country, and just hope for the best.
Yes, although I take it it certainly does have financial ramifications to get your credit report fixed.
So since it has opened its doors 4 years ago, the CFPB has had a consumer complaint hotline where consumers can call in...
There is some public acknowledgment for the companies who treat their customers well and resolve their complaints quickly.
The report that the CFPB recently released contains some damning findings about how forced arbitration clauses fundamentally tilt the process against consumers.
If we are serious about saving lives through research and saving money, then Congress has to step up and make a real commitment of real dollars.
NIH funding overall is down 25 percent since 2003. That means for NIH we are investing about $12.5 billion less in medical research this year than if we had just kept up with inflation over the last decade.
I introduced a Medical Innovation Act that could boost the NIH budget by 20 percent. It is not enough, but it is a start.
I am concerned the NIH may not even get that much. Before this bill passed the House, a section requiring the appropriators to continue to fund the NIH at current levels was taken out.
Families struggling with diabetes, with Parkinson's, with Alzheimer's, other serious conditions, deserve more than lip service from Congress.
If we could prevent diabetes from occurring and reduce the severity of the disease, that would result in a tremendous cost savings.
Here we are, we see the costs imposed, and yet you have got, effectively, about 24 percent less money to work with than you had 10 years ago for the kind of research that you are doing.
The Financial Stability Board is the main forum for that kind of coordination, which makes its work critical in preventing another financial crisis.
Would you support changing the FSB process so that designated companies would have a chance to change their operations and possibly reverse their designation?
I think it is important that there be transparency about what it is that causes an FSOC designation.
It is an attack on seniors, and it is time to stop playing games with the economic stability of millions of seniors who depend on Social Security to live with dignity.
Just like regular Social Security, disability insurance is something people earn from working, while they are working.
This is an invented Social Security crisis, taking the disability system hostage in a war to dismantle Social Security inch by inch.
Social Security Disability Insurance is the only way that millions of these workers stay out of poverty when they get hurt.





