Consumer advocate Warren wins Senate seat


Warren, a Harvard law professor, entered the public spotlight as a fierce critic of the banking industry in the wake of the financial crisis. She headed the government's official oversight panel on the bailouts, and later was tapped by the president to be the architect of the Consumer Financial Protection Bureau (CFPB), a creation of the Dodd-Frank financial reform law.

Liberals pressed hard for President Obama to name Warren to be the agency's first director, but she faced fierce opposition from some of her future Republican colleagues in the Senate — 44 GOP senators vowed to block any nominee to head the bureau without structural changes to it.

Instead, Obama tapped one of Warren's deputies, former Ohio Attorney General Richard Cordray, to be the first leader of the bureau. Cordray was installed at the position via a controversial recess appointment after the Senate blocked his selection, and his nomination is currently facing a legal challenge.

The move laid the groundwork for Warren to challenge Brown in one of the most high-profile races of 2012.

In 2013, Warren could fill one of two Democratic spots expected to open up on the Senate Banking Committee, as Sens. Daniel Akaka (Hawaii) and Herb Kohl (Wis.) are both retiring.

Meanwhile, Sen. Sherrod BrownSherrod Campbell BrownCongress can defend against Russia by outlawing anonymous shell companies Democrats ask Fed to probe Trump's Deutsche Bank ties Democrats ask Fed to probe Trump's Deutsche Bank ties MORE (D-Ohio), another Banking Committee member, is projected to retain his seat.

More on Warren's win at The Hill's Ballot Box.