New head of NJ's Dept of Banking throws her weight behind a Public Bank

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Photo courtesy WHYY

 

Governor-elect Phil Murphy has wasted no time in moving forward on his signature campaign pledge to create a Public Bank. He has chosen Assemblywoman Marlene Caride to be the next commissioner of Banking and Insurance.

“This, to me, is a wonderful idea,” Caride said. “It will help to support our small businesses. It’ll help our college students obtain loans at a lower interest level. And it’ll help us to fund small infrastructure projects in this state.”

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