Hillary Clinton picks Virginia Sen. Tim Kaine as her No. 2

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Liberals rip into Sen. Tim Kaine over letter that they see as pro-banking

 (Drew Angerer / Getty Images)
(Drew Angerer / Getty Images)

Virginia Sen. Tim Kaine found himself under fire from liberal groups after he signed two letters that question heavy regulations on regional banks.

A spokesman for Democracy for America, a progressive group, called the bipartisan letters a pro-banking lobbyist effort and said Kaine’s support should keep him from being considered as Hillary Clinton’s running mate.

“It should be disqualifying for any potential Democratic vice presidential candidate to be part of a lobbyist-driven effort to help banks dodge consumer protection standards and regulations designed to prevent banks from destroying our economy,” said the group’s executive director, Charles Chamberlain, in a statement Thursday.

Kaine signed the letters this week  that ask the Consumer Financial Protection Bureau to “carefully tailor” any rules that could “unduly burden” regional banks and credit unions. Liberal groups opposing this move argue that he is in direct contrast to the Democratic Party’s position on banks and the 2010 Dodd-Frank Act aimed at increasing consumer financial protections.

A spokeswoman for Kaine rebutted the allegation that the senator supports bank deregulation.

"Sen. Kaine is a strong supporter of Dodd Frank’s financial protections because certain financial institutions wreaked havoc on the American economy, hurting millions of Americans in the process," said spokeswoman Amy Dudley.

Bernie Delegates Network, a group backing Sen. Bernie Sanders group, suggested delegates may protest Kaine at the Democratic National Convention in Philadelphia next week if he is chosen as Clinton's running mate. 

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