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The Dismantling of Dodd-Frank

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 the West Virginia U.S. Senate seat that’s being vacated by Sen. 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 nonpartisan 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.

via Wall Street’s favorite House members: The members of Congress taking apart Dodd-Frank’s financial regulations..

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