Press Releases

WASHINGTON — U.S. Sen. Mark R. Warner (D-VA) released the below statement on Randal Quarles, President Trump’s nominee to be the Federal Reserve's Vice Chairman for Supervision:

“While Mr. Quarles and I do not agree on every issue—such as his support for a rigid monetary policy rule that would have hamstrung the Fed’s response to the financial crisis—I believe he is well qualified to be the top regulator at the Fed.  I expect his experience in public service and the private sector will aid him in the development of financial regulatory policy.  In my role on the Senate Banking Committee, I look forward to working with him to ensure we have a financial regulatory system that promotes growth and stability, and maintains the tools included in Dodd Frank to wind down large financial institutions.  As I’ve done with Mr. Quarles, I will be carefully reviewing the credentials and views of any future Fed nominees.  The President should seek candidates who can gain bipartisan support.”

Banking Committee Democrats Press Wells Fargo for Answers on Phony Accounts Scandal

Sen. Warner and colleagues request information on company’s ongoing investigation and responses to questions Wells Fargo’s management continues to dodge

Dec 22 2016

Democrats on the U.S. Senate Banking Committee called on Wells Fargo’s board of directors to respond to questions that the bank’s management has failed to answer following a scandal over its fraudulent sales practices.

Warner discusses new jobs initiative with Virginia small business owners, bankers

~Highlights efforts to boost access to capital so they can hire and grow~

Jun 18 2010

RICHMOND – U.S. Sen. Mark R. Warner (D-VA) met today with Virginia small business owners and lenders to discuss his specific efforts to help small businesses grow and put more Virginians back to work. Since last fall, Senator Warner has worked closely with the White House to design new tools to help small businesses access needed capital to help strengthen the economic recovery.

Warner, Kaufman Ask Dodd to Direct SEC, CFTC to Report on May 6 Market Slide

Senate should underline importance of needed elements in agencies’ review

May 07 2010

WASHINGTON, DC — Senators Ted Kaufman (D-DE) and Mark Warner (D-VA) on Friday proposed an addition to the Senate’s Wall Street reform bill that would direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to report to Congress on several key issues surrounding the May 6, 2010 market meltdown, which sent the Dow Jones Industrial Average tumbling dramatically in minutes. High-frequency-trading algorithms have been the initial focus of questions concerning the collapse.

Bipartisan Senate Approval for Sen. Warner's Framework for Ending Taxpayer Bailouts of Wall Street Firms

~ 93-to-5 vote in support of ending bailouts, ‘too big to fail’ ~

May 05 2010

WASHINGTON, D.C. – The U.S. Senate voted 93-5 today to adopt provisions of the Wall Street reform bill that were crafted by U.S. Senator Mark R. Warner (D-VA) in partnership with Senator Bob Corker (R-TN) for the orderly liquidation of financial firms deemed “too big to fail,” and to prevent any future taxpayer-funded bailouts of large, interconnected firms that get into financial trouble.