I hope there is a special circle of hell for the people who prey on our seniors in this way.
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.
From the way I see how other agencies are treated, I see nothing here but a filibuster threat against Director Cordray as an attempt to weaken the consumer agency.
I'm very concerned about the revolving door that exists between the SEC and the private sector.
I think there has been a lot of transparency, and you have won widespread praise for both your balance and your judgment.
The American people deserve a Congress that worries less about helping big banks and more about helping regular people who have been cheated on mortgages, on credit cards, on student loans, on credit reports.
So you just said to the Justice Department, 'You are on your own in figuring this out'?
And who is responsible for making a determination about whether to revoke the charter?
The Justice Department, in making its decision whether or not to pursue a criminal prosecution, checked with the Department of Treasury to determine your views on whether or not there would be a significant economic impact if a large bank…
the U.S. Government takes money laundering very seriously for a very good reason, and it puts very strong penalties in place.
What does it take to get you to move toward even a hearing, even considering shutting down banking operations for money laundering?





