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Elizabeth Warren To Serve on Banking Committee

Sources tell The Huffington Post that Senator-elect Elizabeth Warren will take a seat on the Senate’s Banking Committee.
 
 
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Elizabeth Warren takes the stage for her acceptance after beating incumbent U.S. Senator Scott Bown at the Copley Fairmont, on November 6 in Boston, Massachusetts.

 
 
 
 

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.”

Alex Kane is AlterNet's New York-based World editor, and an assistant editor for Mondoweiss. Follow him on Twitter @alexbkane.

 
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