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WARREN READY TO PUT SENATORS "ON THE RECORD" ON BANKING BILL

By Matt Murphy
STATE HOUSE NEWS SERVICE

BOSTON, MARCH 13, 2018.....U.S Sen. Elizabeth Warren kept the pressure up on Tuesday ahead of an expected Senate vote on banking deregulation this week, warning that it would weaken oversight of many of the country’s largest financial institutions and expose minority families to loan discrimination.

Warren, who is seeking re-election in Massachusetts this year, has been on a crusade against the bill that would roll back some of the consumer protections put in place by Dodd-Frank Act after the financial collapse 10 year ago.

The senior senator, in a conference call, said deregulating large banks with between $50 billion and $250 billion in assets would newly expose prospective homebuyers to being steered into risky loans.


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