Elizabeth Warren

Can you just give me some insight from your perspective about the special challenges you think you will face at HUD or the special opportunities or, let us say, both?

The advantage to being the junior Member on the Committee is that I get to follow the good and detailed questions of the Chairman and the Ranking Member.

I am very pleased to see Nani nominated for this new role and she has my strong, heartfelt support for it.

We don't build a future if we crush our young people with debt and don't let them have a fighting chance to get a start.

I think it is obscene for the Federal Government to be making profits like this, measured in the billions of dollars, off the backs of our students.

I appreciate you holding this hearing. It's very important, and thank you all for coming.

I think that's obscene. I don't think the student loan program should be designed so that it's making profits for the Federal Government.

We will issue guidance to the FFEL community through a Dear Colleague letter on how to implement the SCRA and access the Department of Defense's data base soon.

I'm very disappointed that Sallie Mae did not come today. I think it's important that we take a closer look at how all of our servicers are performing.

We're charging more interest than we need to run the student loan program, and there's no mechanism to refund that money to the students.

Just loans from 2007 to 2012 are now on target to make $66 billion in profits for the U.S. Government.

It's not following the rules.

The break-even interest rate on student loans... would be about 2.5 percent.

We must work together to ensure that student loans are manageable and fair.

I want to suggest that--we know that there are problems with Sallie Mae.

I think this gives us an opportunity to expand access, an opportunity to create some real competition here, and an opportunity to think more creatively about how it is that people of moderate income, how it is that people who live in rural…

I think this is a very viable alternative that should definitely be pursued.

A report from the Inspector General of the U.S. Postal Service recommended that the Post Office partner with banks and credit unions to provide basic financial services.

Banks are systematically closing their branches in areas where the median income is under $50,000 at the same moment that they are opening more branches in areas where the median income is over $100,000.

The average underbanked family makes about $25,000 a year and it spends about $2,400 a year just on interest and fees for basic financial services.

There are 34 million families in the U.S. that are unbanked or underbanked, meaning they rely on check cashing, on payday lending or other financial services outside the traditional banking system.

I introduced Truth in Settlements with Senator Coburn to require agencies to publicly disclose the details of settlements, like how they are calculated and whether they are tax deductible.

There is no reason that those who are negotiating the settlements cannot adopt that level of transparency on their own...

I have introduced with Senator Coburn, a truth in settlements bill that would require that whenever settlements are done...

If that is the case, we are always going to be behind on Medicare fraud.