Elizabeth Warren criticized fellow Democrats in a fundraising email Wednesday, accusing them of working with Republicans to “gut” post-crisis regulations on big banks.
The Massachusetts senator took aim at the 12 members of her conference who have signed onto legislation that would ease some rules, particularly for regional banks.
“It’s time to hold Republican AND Democratic Senators who support this bill accountable for siding with their big bank donors instead of working families,” Warren wrote in an email, soliciting signatures from recipients.
The bill in question, led by Senate Banking Committee chairman Mike Crapo, R-Idaho, has cleared the committee level but has not yet been scheduled for a vote in the Senate.
In the past, Warren has clashed with her own party over Wall Street regulations. Under the Trump administration, however, there have been fewer such instances.
In 2015, for instance, Warren successfully opposed a nominee of President Obama’s for a Treasury position on the grounds that he came from an investment bank. In 2014, she led Democratic opposition to a spending bill backed by Obama and Harry Reid because it included a deregulatory measure.
Crapo’s bill would ease the regulatory burden for banks with between $50 billion and $250 billion in assets, by raising the threshold at which certain rules kick in to the higher number. For the largest Wall Street banks, however, the legislation doesn’t include major changes.
