Warren: “I’m Still Cheering Bernie On” – NMP Skip to main content

Warren: “I’m Still Cheering Bernie On”

Mar 28, 2016
Sen. Elizabeth Warren (D-MA) may not be running for president, but her comments regarding the ongoing campaign continue to draw attention—this time, offering a not-very-subtle plug for her Senate colleague Bernie Sanders

Sen. Elizabeth Warren (D-MA) may not be running for president, but her comments regarding the ongoing campaign continue to draw attention—this time, offering a not-very-subtle plug for her Senate colleague Bernie Sanders.

The Associated Press reports that Warren—who is credited as the architect of the Consumer Financial Protection Bureau (CFPB) and is one of the fiercest critics of the mortgage industry—offered generous praise of the Vermont senator’s campaign and his attacks on Wall Street during a conversation with reporters at a community health care center in Quincy, Mass.

 “He’s out there,” Warren said. “He fights from the heart. This is who Bernie is. He has put the right issues on the table both for the Democratic Party and for the country in general, so I’m still cheering Bernie on.”

Warren’s failure to offer any similar praise for former Secretary of State Hillary Clinton appeared to continue her uneasy relationship with that campaign. Warren is the only female Democratic senator who declined to endorse Clinton’s candidacy, and Clinton’s opposition to the return of the Glass-Steagall Act stands in direct contrast to Warren’s concept of regulating Wall Street.

Still, Warren has not formally endorsed Sanders, and she repeatedly refused to fault Clinton’s decision not to turn over the transcripts of her private speeches before Wall Street executives. And she is certainly giving a pass to the GOP: Last week, the Massachusetts senator waded deeper into partisan politics by offering an unsolicited social media evisceration of Donald Trump, repeatedly calling him a “loser” on Facebook and Twitter.

About the author
Published
Mar 28, 2016
CFPB Issues AI Underwriting Guidance On Adverse Action Notices

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities

VantageScore Says 4.0 Model Could Unlock $1 Trillion In Mortgage Originations

New study says VantageScore 4.0 scores five million more creditworthy borrowers than FICO Score 10T, expanding lending opportunities as the industry prepares for the GSE credit score transition

MISMO Updates Mortgage Insurance Standards To Support FICO 10T, VantageScore 4.0

New implementation guide standardizes mortgage insurance data exchange, helping lenders, insurers and technology providers prepare systems for newer credit scoring models

Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support