Sen. Susan Collins, R-Maine, says insurance companies should be treated differently from banks. (AP Photo/J. Scott Applewhite)

It was not Congress’s intent that federal regulators “supplant state-based regulation with a bank-centric capital regime,” Sen. Susan Collins, R-Maine, said in a letter to Federal Reserve Chairman Ben Bernanke and other U.S. banking regulators Nov. 26, weighing in after pressure from the insurance industry.

 

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