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KEY POINTS Freshman Rep. Alexandria Ocasio-Cortez is in line to be appointed to the House Financial Services Committee, according to a Politico report.

The New York democratic socialist would be a thorn in the side of Wall Street, which has seen its regulatory burden lowered since Donald Trump became president.

Ocasio-Cortez also could be an important ally for committee Chairwoman Maxine Waters.

Democratic Representative-elect Alexandria Ocasio-Cortez of New York talks to reporters as she arrives for a class photo with incoming newly elected members of the U.S. House of Representatives on Capitol Hill in Washington, U.S., November 14, 2018. Carlos Barria | Reuters

Big banks could be about to get a high-profile enemy in a very powerful place. Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report. The New York legislator has vowed to take on the industry that makes up the corporate backbone for much of her constituency. She said during her successful campaign in 2018, in which she refused corporate donors and upset entrenched incumbent Democrat Joe Crowley, that she was hoping for an assignment that would allow her to take on big finance. "I think with our district, we can be ambitious, so we're kind of swinging for the fences on committees," Ocasio-Cortez told Hill.tv in an interview after her win. "We might as well ask for something big."