Capito Makes Case for Bill to Let Banks Appeal Reg Exams

Wack, Kevin, American Banker

Byline: Kevin Wack

WASHINGTON a Rep. Shelley Moore Capito, the West Virginia Republican who chairs the House financial institutions subcommittee, doesn't seem like much of a bomb thrower.

Although she mostly votes with her more conservative peers, her reputation is more of a pragmatist than an ideologue.

But Capito is the co-author of one of the most controversial financial services bills of the past year a legislation that would give banks the right to appeal an exam rating to other regulators.

While community bankers have hailed the bill, the agencies are quietly seething, viewing it as interfering with their abilities to do their jobs.

The sixth-term representative recently spoke to American Banker about her bill, the Dodd-Frank Act, the Consumer Financial Protection Bureau and the future of Fannie Mae and Freddie Mac.

Here is an edited transcript of the interview:

Q: Back in July, the top Republicans on the House Financial Services Committee held a press conference on …

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Publication information: Article title: Capito Makes Case for Bill to Let Banks Appeal Reg Exams. Contributors: Wack, Kevin - Author. Magazine title: American Banker. Volume: 176. Issue: 198 Publication date: December 27, 2011. Page number: Not available. © 2009 SourceMedia, Inc. COPYRIGHT 2011 Gale Group.

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