Wednesday December 5, 2012

BOSTON (AP) -- Senate Majority Leader Harry Reid wants Massachusetts Sen.-elect Elizabeth Warren to join the Banking Committee.

A Senate Democratic official confirmed Tuesday that Warren’s appointment was likely, but cautioned nothing was final until the Demo cratic caucus approves the move. The official spoke on condition of anonymity.

A favorite of the party’s liberal wing, Warren’s likely committee assignment is already winning praise from progressive groups. The Senate Banking Committee oversees the implementation of the so-called Dodd-Frank financial system overhaul and other banking regulations.

Warren was an outspoken advocate for the Obama administration’s newly created Consumer Financial Protection Bureau last year, but Republican opposition helped prevent her from becoming leader of bureau.

Warren defeated Massa chusetts Sen. Scott Brown, a Republican, and takes office in January.