Now, despite the money guys putting their (well, someone's) money where their mouths were, their water-boy, Sen. Scott Brown, R-Mass., the once -- and soon to be former -- champion of the financial services industry, will shortly be consigned to pasture in the rolling hills of Massachusetts, while Sen. Warren may well be assigned to the Banking, Housing and Urban Affairs Committee.
Many say, and I completely agree, that she'll be a firewall against efforts to lessen the impact of the Consumer Financial Protection Bureau, an institution created during this Administration to protect U.S. consumers and businesses from the myriad dangers in the consumer financial marketplace.
Without question, her win has the predatory elements in the financial services industry running scared. They should be. Because one thing that Americans should know about Elizabeth Warren by now is that while she is fair, she is also tough when it comes to defending the interests of American consumers.
She is the avowed enemy of those who made a killing by tricking and squeezing financially vulnerable Americans through the shilling of predatory loans or the illegal collection of statutorily barred or non-existent debts, racking up profits while steering the economy into a ditch.
"I will always carry your stories with me in my heart," Warren said in her victory speech. "I won't just be your senator. I will be your champion."
You can take that to the bank.
Adam Levin is chairman and cofounder of Credit.com and Identity Theft 911. His experience as former director of the New Jersey Division of Consumer Affairs gives him unique insight into consumer privacy, legislation and financial advocacy. He is a nationally recognized expert on identity theft and credit.