Newsflash:
Tuesday, 04 December 2012 19:22

Elizabeth Warren Wins Senate Banking Committee Seat: Sources

Written by  Ryan Grim | Huffington Post

WASHINGTON -- Nearly two years after Wall Street waged a successful campaign to keep consumer advocate Elizabeth Warren from running the Consumer Financial Protection Bureau, the incoming senator will be tapped to serve on the Banking Committee, according to four sources familiar with the situation. 

It's a victory for progressives who battled to win her a seat on the panel that oversees the implementation of Dodd-Frank and other banking regulations.

Warren knocked out Republican Sen. Scott Brown of Massachusetts in the most expensive Senate contest of 2012, with Wall Street spending heavily to beat Warren, a former Harvard law professor.

Sources also told HuffPost that Sen. Joe Manchin (D-W.Va.) will be named to the panel.

Warren's ascension to the panel gives her influence over regulators and the industry that non-panel members don't enjoy.

Original article on The Huffington Post

Read 6306 times Last modified on Tuesday, 04 December 2012 19:24

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