“Sen. Elizabeth Warren’s new spot on the Democratic leadership team has supporters cheering, but it remains to be seen how the role will impact her work on banking issues.

“The Massachusetts Democrat was already a progressive star when she came to Congress just two years ago, and she’s continued to be a vocal advocate for reigning in the big banks and improving the lives of middle class families.

“While her new position as strategic policy adviser to the Democratic Policy and Communications Committee will come with added responsibilities, most expect that she’s unlikely to change her message — or her tough tone — anytime soon.”

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“Life is about to get harder in the Senate when Republicans take control, but this is a seat at the table for all of us — and that matters,” Warren said in a fundraising email Thursday, after the announcement by Majority Leader Harry Reid, D-Nev.

“Warren will serve as a bridge to progressive groups around the country that have been frustrated with the policies of the past few years.

“The key to having influence is having a seat at the table, having clear positions and knowing how to translate that into policy — so I think that this not just good news for Sen. Warren, it’s good news for the Democratic Party and for people who don’t want the country to have to suffer again through an economic calamity caused by Wall Street,” said Dennis Kelleher, president and chief executive of Better Markets.”

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Read the full American Banker Article by Victoria Finkle here