Early reports indicate that Massachusetts Senator-Elect Elizabeth Warren is expected to be granted a seat on the Senate Banking Committee. Warren, a Harvard bankruptcy professor, is a consumer advocate who is has consistently been outspoken about big banks’ and credit card companies’ exploitative tactics.
If appointed, Warren will have a hand in re-writing the Dodd-Frank Act as well as other significant financial legislation pieces. A final decision on the Senate Banking Committee appointments will not be made until the new session of Congress convenes.
“We certainly plan to reach out to Senator-Elect Warren,” said James Ballentine, executive vice president of congressional relations and political affairs at the American Bankers Association. “That outreach will stretch beyond Dodd-Frank reforms, which is the corner many will try to paint her into.”
It is great that a consumer advocate like Senator-Elect Warren will be appointed to such a prestigious position. Her experience and passion for fighting for the middle class will be a fresh of breath air for Congress.
Benjamin Brand Services- Chicago bankruptcy attorney .