Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, sent a letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, Office of the Comptroller of the Currency Comptroller Jonathan Gould and Federal Deposit Insurance Corporation Chairman Travis Hill criticising the agencies for not taking action or opening investigations into current and former U.S. banking executives who may have facilitated Jeffrey Epstein’s crimes. The letter asks the regulators to publicly announce the opening of an investigation into such executives by March 12, 2026. Warren wrote that she had asked the agencies to determine whether any executives’ conduct related to Epstein meets the legal standards for removal or prohibition from the banking industry and for civil monetary penalties, citing 12 U.S.C. § 1818(e) and (i). She said the regulators’ prior responses did not confirm any ongoing investigation or commit to opening one, and pointed to the Department of Justice’s release of millions of documents related to the Epstein investigation and prosecution as further basis for scrutiny. Separately, Warren released a video calling for congressional hearings into any big bank executives who may have engaged in misconduct related to Epstein.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-02-26
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member urges the Federal Reserve, OCC and FDIC to open Epstein-related investigations into bank executives
Senator Elizabeth Warren criticized U.S. banking regulators for not investigating executives potentially linked to Jeffrey Epstein's crimes, urging them to announce an investigation by March 12, 2026. She referenced legal standards under 12 U.S.C. § 1818 for potential removal or penalties and highlighted the Department of Justice's document release as grounds for further scrutiny. Warren also called for congressional hearings on the matter.