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October 31, 2014

‘Banking Caucus’ member aims for Senate

“U.S. Rep. Shelley Moore Capito wants West Virginians to know she’s a defender of community banks. From her seat on the House Financial Services Committee, Capito argues, she has protected small local financial institutions from the overreach of aggressive regulators.

“Among her biggest supporters, however, are the biggest banks in the world.


“Capito, a Republican, is running for West Virginia’s U.S. Senate seat that’s being vacated by Jay Rockefeller after 30 years.


“She counts Citigroup and Goldman Sachs among her most generous campaign donors.


“She’s a reliable vote for all things Wall Street,” said Dennis Kelleher, president and CEO of Better Markets, a non-partisan group that advocates for increased market oversight of financial institutions.


“Capito is part of the “Congressional Banking Caucus,” a group of lawmakers identified by the Center for Public Integrity as especially solicitous to the banking industry. They are all members of the House Financial Services Committee and have been the recipients of generous campaign support from financial services company employees and political action committees.”




Read the full Center for Public Integrity article by Alison Fitzgerald here.


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