On May 5th, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, chaired by Rep. Shelley Moore Capito (R-W.Va.) will hold a markup on legislation that would significantly weaken consumer protection legislation passed as part of financial regulatory reform last year.

Members of the subcommittee have received millions of dollars over the years from the banking and finance industries, according to Public Campaign Action Fund analysis of data from the Center for Responsive Politics.[1]

Members of the House Subcommittee on Financial Institutions and Consumer Credit have received $12.8 million from the political action committees (PACs) and employees of the banking and finance industries throughout their career.

• Democrats on the subcommittee received $5.9 million throughout their career; Republicans received $6.9 million.

• Commercial banks and securities and investment firms gave $4.5 million each to members of the committee throughout their careers:

Members of the subcommittee received $3 million from the banking and finance industries in the 2010 cycle.

• Democrats on the subcommittee received $1.4 million throughout in the last cycle; Republicans received $1.6 million

• Commercial banks and securities and investment firms were the largest givers among the finance, insurance, and real estate (FIRE) sector in the 2010 cycle:

And as Public Citizen and Public Campaign Action Fund reported today, Subcommittee Chairwoman Capito has incredibly close ties to the industry. She's raked in big bucks over the years from Wall Street interests and her husband just took a job with Wells Fargo.

[1] All data refers to the following industries within the FIRE sector: commercial banks, savings & loans, credit unions, finance/credit companies, and securities & investment