Elizabeth Warren warns that FDIC cuts could lead to a collapse bank star-news.press/wp

Senator Elizabeth Warren sounds the alarm at the Deposit Insurance Corporation (FDIC), writing to the letter that employment is freezing and the decision of the Temptors may disrupt “banking season stability”.

Warren, Democrat from Massachusettt, raised concern in the letter referred to FDIC General Inspector Jennifer Fain It was signed by Senator Raphael Warnock, D-GA., Senad Chris van Hollen, D-MD. and Senator Lisa Blunt Rochester, D-del, According to CNBC. He comes in response to Elon Musk and President Donald Trump to suffocate the Federal Workforce, which Senator said that he could have catastrophic impacts on banking and leave Americans vulnerable.

In the concept, Warren said that short-term staff of the Agency contributed Collapse of the signature bank in 2023. yearsAn event that fears could repeat elsewhere without a robust FDIC.

Dining for examiners in the FDIC “led to a series of supervisory delays, canceled or delayed exams and quality control issues in the signature control,” Warren wrote, according to CNBC (CMCSA-0.23%).

“The lesson learned in this case was that the lack of police officers can jeopardize security and healthy banking system and posing the risks for the deposit insurance fund,” she said.

Warren had a similar message last month, Tweeting “FDIC should explain why they now take even more examiners whose job is to ensure that big banks do not knock our economy.”

Senator Massachusetts also picked up alarms about a recent GLASTE IN THE BUR FOR CONSUMER FINANCIAL PROTECTION (CFPB) – The Agency created as a result of the 2007. year – after the actual acting director, Russel, ordered the freezing of almost all the works of the Agency.

In the notes on Monday at the CFPB headquartersWarren said “Donald Trump passed his campaign on reducing labor costs … now he and his co-president elonus have tried to close the agency that has delivered $ 21 billion to diligent families. ”

Warren also said that the Congress was “built” CFPB. “Nobody other than the Congress – it’s not Donald Trump, not Elon Musk, Nobody – can fire financial policemen.”