Who Should the Bank SuperPAC Give Money To?
August 22, 2012 10:21 PM
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Sen. Scott Brown
This race is less about Brown, the Republican Massachusetts senator, and more about who he's running against: Elizabeth Warren. Brown is locked in a tight re-election race with the creator of the Consumer Financial Protection Bureau, arguably the part of the Dodd-Frank Act that bankers hate the most.
(Image: Bloomberg News)
Sen. Jon Tester
Although the Montana Republican voted for Dodd-Frank while his opponent, Rep. Denny Rehberg, did not, community bankers are still pleased with Tester’s campaign to delay a rule that limited interchange fees on debit cards.
(Image: Bloomberg News)
Sen. Dean Heller
The SuperPAC is considering supporting Sen. Heller, R-Nev., based on his previous experience as a congressman on the House Financial Services Committee and the fact that he would serve as a counterweight to Sen. Harry Reid, who is an adamant supporter of credit unions. Heller is facing off against Rep. Shelley Berkley in his re-election race.
Bob Dieterich
Bob Dieterich, the chief financial officer of First National Bank of Scotia in New York, is one of the few bankers running for Congress. He is looking to unseat two-term Democratic Rep. Paul Tonko.
Rep. Mark Critz
The Pennsylvania Democrat is one of the few from his party to vote against Dodd-Frank when it was passed by the House in 2010. Critz said he voted against the legislation because he thought it would damage community banks. Critz is currently leading his opponent, Keith Rothfus, by 10 percentage points in local polls .
Rep. Francisco Canseco
Canseco is a former banker who served as general counsel at Union National Bank of Texas and was later chairman of Texas Heritage Bancshares from 2001 to 2007. His battle against Democrat Pete Gallego is considered one of the most competitive races in Texas, according to the Houston Chronicle.
Rep. Jim Matheson
Although Matheson voted for Dodd-Frank, the Utah Democrat is seen as largely pro-business. He received the endorsement of the Chamber of Commerce on Tuesday, which noted he voted with the group roughly 80% of the time.
