Her background: In 1995 Warren was asked to advise the National Bankruptcy Review Commission. She helped to draft the commission’s report and worked for several years to oppose legislation intended to severely restrict the right of consumers to file for bankruptcy. From November 2006 to November 2010, Warren was a member of the FDIC Advisory Committee on Economic Inclusion. She is a member of the National Bankruptcy Conference, an independent organization which advises the U.S. Congress on bankruptcy law. On November 14, 2008, Warren was appointed by United States Senate Majority Leader Harry Reid to chair the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act. The Panel released monthly oversight reports that evaluate the government bailout and related programs. During Warren’s tenure, these reports covered foreclosure mitigation, consumer and small business lending, commercial real estate, AIG, bank stress tests, the impact of the Troubled Asset Relief Program (TARP) on the financial markets, government guarantees, the automotive industry, and other topics. Warren was an early advocate for the creation of a new Consumer Financial Protection Bureau (CFPB). The bureau was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act signed into law by President Obama in July 2010.
It’s safe to say she was born to be on the banking committee.