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Senator-elect Warren to get Senate Banking seat, putting focus on Dodd-Frank implementation

Dec 05 2012 Emmanuel Olaoye, Compliance Complete

Senator-elect Elizabeth Warren has secured a seat on the Senate Banking Committee, congressional sources said in disclosing a move that brings a high-profile industry critic to a panel that has a major say over the future implementation of the Dodd-Frank financial regulatory overhaul and other financial-services matters. Experts said Warren's success would depend on her approach to her new role: whether she will be an adversary of the banking industry or a pragmatist who is willing to work with opponents on the other side of the aisle to get a desirable solution. Warren, a law professor at Harvard University and renowned expert in bankruptcy law, is a forceful advocate of stronger consumer protection. Her influence led to the establishment of the Consumer Financial Protection Bureau after the 2007-2009 financial crisis. She won her Senate seat after defeating Scott Brown in a fierce battle for the Massachusetts Senate seat in last month’s elections. Warren will be one of the

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