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The Latest Breaking News from Elizabeth Warren

Critics say Big Tech uses trade deals to avoid data privacy laws

WASHINGTON — Tech companies are using international trade agreements to conceal software codes behind artificial intelligence programs as well as circumvent U.S. legislation that could curb the industry’s freewheeling use of consumer data, according to lawmakers and advocacy groups.

Tribune News Service

Critics say Big Tech uses trade deals to avoid data privacy laws - Roll Call

Some Democrats and advocacy groups say Big Tech companies are using international trade deals to circumvent data privacy laws.

Roll Call

Army of lobbyists helped water down banking regulations

A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018

The Independent UK

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Lawmakers float ways to recapture deposit insurance discipline - Roll Call

The size of deposits covered by federal bank rescues has lawmakers talking about the discipline of a cap on deposit insurance.

Roll Call

Elizabeth Warren says Jerome Powell has 'failed' at both of his jobs and shouldn't be Fed chair

Powell's handling of the economy and banking regulations has left a lot to be desired for some critics.

Fortune

US banks on bumpy path as First Republic’s troubles persist

Just weeks ago, they were bit players in the giant U.S. banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.

Tribune News Service

Warren says she favors increasing FDIC’s deposit insurance cap

WASHINGTON — Sen. Elizabeth Warren is calling for more U.S. deposits to be covered by federal insurance and demanding government probes into whether lax regulation fueled this month’s collapse of Silicon Valley Bank and Signature Bank.

Tribune News Service

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Elizabeth Warren says Fed chair ‘failed’ and calls for inquiry into bank collapse

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

The Guardian - US

Warren calls for investigation into the Fed amid banking turmoil

"The fed doesn't just get to do its own investigation," Warren said.

Axios

Bank failures: Anger in Congress, but division on what to do

Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks

The Independent UK

The collapse of major US banks leads to bills calling for more regulation

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

The Conversation

Biden urges ‘accountability’ for executives of failed banks

US president calls on Congress to impose tougher penalties on senior officials of banks that fail due to mismanagement.

Al Jazeera

New Regulations Won't Stop the Next Bank Collapse

Plus: Another campus free speech debacle, foreign cheese groups lose Gruyere trademark case, and more...

Reason

SVB, First Republic CEOs involved in lobbying pre-banking crisis

In late January, First Republic Bank's CEO wrote to U.S. regulators saying his bank did not pose signficant risk to the U.S.'s financial stability.

Fortune

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Chicago Tribune

Editorial: Don’t let incompetent bank executives derail the Fed’s inflation battle

Democratic U.S. Sen. Elizabeth Warren thinks she knows who to blame for the collapse of Silicon Valley Bank, and the financial fallout that followed.

The Independent UK

Experts, banks look for ideas to stop next bank failure

The warning signs were all there

The Independent UK

Elizabeth Warren says Republicans handed Fed chairman ‘flamethrower that he aimed at the banking rules’

The Massachusetts Democrat blames a 2018 law that Donald Trump signed weakening financial regulations

WEKU

Lawmakers are split on how to respond to the recent bank failures

Days after the failure of two regional banks shook the financial industry, lawmakers say they want answers but disagree on what role Congress should play right now.

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Chicago Sun-Times

U.S. Sen. Bernie Sanders endorses Johnson in April 4 mayoral runoff

Paul Vallas touted endorsements from the Chicago Fire Fighters Union Local 2, former Illinois Senate President Emil Jones Jr. and five City Council members.

Tribune News Service

Elizabeth Warren slams Powell for weak regulation, oversight of SVB

Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday.

Salon

Top GOPer: No need for tougher bank rule

Critics say Mike Crapo's law exempting SVB and others from stricter requirements led to collapse

Los Angeles Times

Robin Abcarian: Reports of a rift between Kamala Harris and Elizabeth Warren play into Republican hands

There are so many ways to delegitimize a woman in politics: Attack her for the sound of her laughter, for shedding a tear on the campaign trail, for her choice of clothing, for being cranky with her staff or eating her salad with a comb.

Tribune News Service

Rep. Katie Porter comes to Northern California for Senate campaign: ‘I see Sacramento as distinct’

SACRAMENTO, Calif. — Southern California Senate hopeful Rep. Katie Porter, D-Irvine, made her first Sacramento-area campaign stop Wednesday at UC Davis — what she called “a little slice of heaven” — in an hour-long meet-and-greet with the Davis College Democrats.

Salon

Warren bill: Repeal "Trump's bank law"

Notably absent from the list of co-sponsors were Dems who helped Republicans usher the bill through Congress

Tribune News Service

Feds approve major railroad merger despite growing concerns over rail safety

Federal regulators have approved the $31 billion merger of Kansas City Southern railroad with Canadian Pacific.

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