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Elizabeth Warren to Serve on Banking Committee

Wednesday, December 05, 2012 By Alex Kane, AlterNet | Report
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In a major victory for progressives in the U.S., Senator-elect Elizabeth Warren (D-MA) is set to take a seat on the Senate’s Banking Committee, sources tell The Huffington Post . Four sources confirmed the news to the media outlet's Ryan Grim.

Warren was elected in November after a hard-fought battle with Scott Brown (R-MA). She has built her career on being a progressive who fights against banks and big money. Warren was attacked during the election by the likes of the US Chamber of Commerce, who called her a “threat to free enterprise.”

Back in 2010, Warren was widely thought to be the first director of the newly established Consumer Financial Protection Bureau, a government agency tasked with regulating protection for American consumers. But her expected appointment was scuttled after opposition emerged from Republicans and President Obama decided not to tap her for the seat.

But now she’ll be on the Senate Banking Committee, where, as The Huffington Post notes, Warren will have “influence over regulators and the industry that non-panel members don't enjoy.”

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Alex Kane

Alex Kane is AlterNet's New York-based World editor, and a staff reporter for Mondoweiss.

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Elizabeth Warren to Serve on Banking Committee

Wednesday, December 05, 2012 By Alex Kane, AlterNet | Report
  • font size decrease font size decrease font size increase font size increase font size
  • Print

In a major victory for progressives in the U.S., Senator-elect Elizabeth Warren (D-MA) is set to take a seat on the Senate’s Banking Committee, sources tell The Huffington Post . Four sources confirmed the news to the media outlet's Ryan Grim.

Warren was elected in November after a hard-fought battle with Scott Brown (R-MA). She has built her career on being a progressive who fights against banks and big money. Warren was attacked during the election by the likes of the US Chamber of Commerce, who called her a “threat to free enterprise.”

Back in 2010, Warren was widely thought to be the first director of the newly established Consumer Financial Protection Bureau, a government agency tasked with regulating protection for American consumers. But her expected appointment was scuttled after opposition emerged from Republicans and President Obama decided not to tap her for the seat.

But now she’ll be on the Senate Banking Committee, where, as The Huffington Post notes, Warren will have “influence over regulators and the industry that non-panel members don't enjoy.”

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Alex Kane

Alex Kane is AlterNet's New York-based World editor, and a staff reporter for Mondoweiss.