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Fiserv CEO Faces Fire for Social Security Cuts

Fiserv CEO Frank Bisignano faces calls from two prominent Democrats to fight changes to the Social Security Administration and divest his company holdings ahead of a hearing on his nomination to lead the agency.

Massachusetts Sen. Elizabeth Warren and Oregon Sen. Ron Wyden want Bisignano, who was nominated to serve as Social Security Commissioner by President Donald Trump on Dec. 4, to divest from Milwaukee-based Fiserv if he is confirmed, oppose cuts to Social Security benefits, reverse any layoffs at the agency, and avoid any changes that would make it more difficult for Social Security recipients to access their benefits.

They laid out their concerns in a letter Sunday to Bisignano posted on their websites.

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