Banking's 'Worst Nightmare' Takes Her Fight to Senate

Wall Street Journal 
November 9, 2012
McGrane, Victoria; Randall, Maya Jackson

Elizabeth Warren defeated Sen. Scott Brown (R-Mass.), after running on a platform that embraced policies potentially unfavorable toward big banks. She became a vocal critic of the industry after the financial crisis, saying it has used "tricks and traps" against consumers, and helped establish the Consumer Financial Protection Bureau (CFPB). Some experts predict that she will claim a seat on the Senate Banking Committee, but such an assignment is up to Democratic leadership. Despite the speeches she has made against banks, some observers suggest that Warren may take on a more moderate tone once in the Senate. When working to set up the CFPB, she made several outreach efforts to banks and made inroads with some critics.
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