Press Releases
Senators Introduce Bipartisan Legislation to Provide Financial Stability to Muni Bonds
Allows high quality municipal debt to be classified at a level equivalent to debt issued by corporations
Apr 05 2017
Allows high quality municipal debt to be classified at a level equivalent to debt issued by corporations
“The Secretary of Commerce is critical to promoting American economic interests abroad..."
“It’s no secret that I have reservations about President Trump’s selection of Mr. Mnuchin, especially given the key role the Treasury Department plays in enforcing the Wall Street reforms..."
Sen. Warner Speaks Out Against Treasury Nominee
Cites concerns with Mnuchin’s positions on Dodd-Frank, dynamic scoring, and economic sanctions
Feb 10 2017
"...I rise today in opposition to the nomination of Mr. Steven Mnuchin to serve as our nation's next secretary of the Treasury."
“It was less than a decade ago yet it seems many people have forgotten what led Congress to write and pass Wall Street reform legislation in the first place..."
"...I have determined that Mr. Mnuchin is not the right candidate to serve as Secretary of the Treasury, and I will vote against his nomination.”
Sen. Warner Secures Commitments From Trump Treasury Nominee on Debt Obligations & Housing Finance Reform
Mnuchin clarifies earlier comments on Fannie Mae & Freddie Mac, elaborates views on debt ceiling brinksmanship
Jan 19 2017
Mnuchin clarifies earlier comments on Fannie Mae & Freddie Mac, elaborates views on debt ceiling brinkmanship
Sen. Warner Questions Wells Fargo On Overdraft Fees
Asks company if increased income from overdraft fees was tied to Wells Fargo’s fraudulent accounts, including 41,000 opened in Virginia
Jan 11 2017
Asks company if increased income from overdraft fees was tied to Wells Fargo’s fraudulent accounts, including 41,000 opened in Virginia
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 Introduces Bill to Help Wells Fargo Victims Get Their Day in Court
In Virginia, Wells Fargo employees opened 41,000 fraudulent accounts without customers’ knowledge
Dec 02 2016
In Virginia, Wells Fargo employees opened 41,000 fraudulent accounts without customers’ knowledge.
Sen. Warner released the following statement on the U.S. Securities and Exchange Commission’s plan for the market surveillance tool known as the Consolidated Audit Trail (CAT).
Sen. Warner Statement on CBO Report on Fannie, Freddie
Calls for a long-term legislative fix to protect taxpayer access to affordable housing
Oct 24 2016
Sen. Warner called for a long-term legislative fix to protect taxpayer access to affordable housing
Senators Introduce Bipartisan Legislation to Provide Financial Stability to Muni Bonds
Allows high quality municipal debt to be classified at a level equivalent to debt issued by corporations
Sep 27 2016
Bill allows high quality municipal debt to be classified at a level equivalent to debt issued by corporations
Sen. Warner Calls on SEC to Investigate Disclosure of Yahoo Breach
Urges agency to evaluate whether the company fulfilled obligations to keep public and investors informed, as required by federal law
Sep 26 2016
Sen. Warner urged the agency to evaluate whether the company fulfilled obligations to keep public and investors informed, as required by federal law
Sen. Warner Urges President Obama to Raise Financial Cybersecurity at Upcoming G-20 Summit
Calls for increased global cooperation to combat cyber-crime at financial institutions
Aug 30 2016
Sen. Warner sent a letter to President Obama urging him to prioritize cyberattacks on financial institutions in discussions at the upcoming G-20 summit in September.
Sen. Warner Joins Call to CFPB to Limit Arbitration Agreements in Financial Contracts
Urges CFPB to carry sweeping effort to limit forced arbitration clauses
Aug 03 2016
Sen. Warner joined a group of Democratic Senators in calling on the nation’s top consumer advocacy agency to quickly finalize an important proposal to limit the use forced arbitration.
Warner & Heller Introduce Legislation to Encourage Stock Options for Employees of Startups and Privately-held Firms
Gives more employees a tool to invest in their companies and share in the profits, Helps startups and businesses reward and support employees
Jul 12 2016
Sens. Warner and Heller introduced bipartisan legislation to give employees an ownership stake in their company's success by awarding stock options.
Sens. Warner and Corker were joined by Senate colleagues in authoring a bipartisan letter to the director of the Federal Housing Finance Agency (FHFA).
Warner, Warren, Cummings Launch Investigation of Major Derivatives Clearing Organizations’ Recovery and Resolution Plans
“Systemically Important” Firms’ Plans Are Critical to Preventing Another Financial Crisis
Jul 05 2016
Senators Warner and Warren, and Rep. Cummings (D-MD) sent letters to two derivative clearing organizations requesting information on the firms’ recovery and resolution plans.
U.S. Senator Warner joined a group of eight Democratic Senators today in calling on Secretary of the Treasury Jacob Lew to address a recent decision by the Financial Action Task Force (FATF) that could embolden Iran’s terrorist financing.
The Derivatives Oversight and Taxpayer Protection Act will strengthen federal oversight of the multi-trillion dollar derivatives market and to ensure that big financial firms - not taxpayers - are on the hook for derivatives losses.
“The 2010 flash crash wiped out a trillion dollars in equity in a matter of seconds, yet it took the SEC and CFTC months to figure out what went wrong and close to six years to move forward with a substantial policy proposal."
Democrats on the U.S. Senate Committee on Banking, Housing, and Urban Affairs today urged Chairman Richard Shelby to stop obstructing President Obama’s nominees for critical Administration positions related to financial oversight, national security, export financing, and public transportation safety.
Warner, Kaine Urge Consumer Agency to Protect Inmates from Predatory Practices with Prepaid Prison 'Release' Cards
CFPB working on proposed protections for the prepaid market
Nov 04 2015
Sens. Warner and Kaine joined a letter sent to the Consumer Financial Protection Bureau (CFPB) urging the agency to strengthen financial protections for a particularly vulnerable population: men and women seeking to reenter society after leaving prison.
Sen. Warner Remarks at Committee Markup Opposing Majority's Sweeping Banking Overhaul
Says lack of transparency limited potential to find common ground on sensible, bipartisan regulatory relief; “American people deserve better
May 21 2015
Today, the Senate Banking Committee voted 12-10 along party lines to approve a sweeping overhaul of financial services regulations proposed by the Committee’s Chairman.
