Warren says $250,000 cap in deposit insurance for banks should be reexamined

Elizabeth Warren says the $250,000 cap in deposit insurance for banks should be reexamined.

Warren said a similar level of protections would help small businesses and nonprofit organizations have more confidence when depositing money into a bank.

Warren and Rep. Katie Porter (D-Calif.) introduced a bill to place banks with at least $50 billion in assets back under strict Federal Reserve oversight and make them subject to stress tests.