Exclusive: Senate Banking panel launches new investigative team

April 14, 2015 5:31 PM

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Exclusive: Senate Banking panel launches new investigative team

WASHINGTON (Reuters) - The Senate Banking Committee has set up an investigative team in recent weeks that will probe issues ranging from financial regulation to insurance fraud, part of a drive by its new chairman to beef up the panel's oversight function.

Senate Banking Chairman Richard Shelby, who took the top post this year after Republicans gained control of the Senate, had pushed for the committee to establish an investigation team throughout the 2007-2009 financial crisis, while the committee was controlled by Democrats.

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