Fight Over New ‘Sheriff Of Wall Street’ Heats Up As Elizabeth Warren Champions Former Student Loan Watchdog

Sen. Elizabeth Warren, D-Mass., and bane of the big banks, is throwing her weight behind a new campaign: New York’s search for a new financial regulator. Alongside more than a dozen consumer advocacy groups, Warren is pushing Gov. Andrew Cuomo to select a Wall Street watchdog with as much bite as the outgoing Benjamin Lawsky. Cuomo’s pick could carry on a regime of unusually fierce state-level financial oversight in the banking capital of the world -- or usher in the more restrained approach favored by industry and some federal regulators.

from International Business Times http://ift.tt/1LhSSZ3