More Videos:

Elizabeth Warren, Maxine Waters: Wall Street's Nightmare Duo

Tickers in this article: BAC C JPM WFC

NEW YORK (TheStreet) --Elizabeth Warren, one of Wall Street's biggest critics, has been appointed to the Senate Banking Committee.

The Democratic Steering Committee confirmed her appointment to the banking committee today, along with SenatorJoe Manchin (D-W.Va) and Heidi Heitkamp (D-N.D.)

Warren will also be on the HELP Committee and the Committee on Aging.

"I am excited to work with the members of our expanded majority. Our caucus is more diverse than ever, with a record sixteen female Democratic senators serving in the next Congress," said Senate Majority Leader Harry Reid. "These committee assignments will allow all members of our caucus to bring their unique talents and expertise to bear as we work together to advance the interests of the middle class."

Warren's election to the Senate was already seen as a blow to big banks. The former Harvard Professor was the chief architect of the Consumer Financial Protection Bureau that is in the middle of framing important rules on mortgages.

Her appointment -- along with the appointment of Maxine Waters to the House Financial services Committee -- means congressional pressure on big banks will not subside.

-- Written by Shanthi Bharatwaj in New York

Usage of this site is governed by TheStreet's Terms of Use available here. Information collected on this site may be collected by TheStreet and OC Register. TheStreet's use of information collected on this site will be governed by TheStreet's privacy policy available here. OC Register's use of information collected on this site will be governed by OC Register's privacy policy available here. If either TheStreet's or OC Register's privacy policy have provisions that are more restrictive than the provisions of the other party's privacy policy, such more restrictive provisions shall not apply to such other party.

Copyright © 2012 Orange County Register Communications. All Rights Reserved.
Site Help | Site Map