Murphy Picks Another Assemblywoman For His Cabinet

Dec 19, 2017

Murphy says he'll ask Caride to help him establish a public bank in New Jersey

New Jersey Governor-elect Phil Murphy continues his theme of diversity in selecting members of his cabinet, nominating a Cuban-American Assemblywoman to be the next Commissioner of the Department of Banking and Insurance.

Assemblywoman Marlene Caride says she'll work to ensure New Jersey residents are treated fairly by lending institutions and insurance companies.

"I see what's happening in Washington with regards to our health care and that worries me. And we need to make sure as a state that we are prepared to help our residents should the Affordable Care Act be repealed or severely crippled." 

Caride has been in the legislature since 2012 and is a member of Assembly's Financial Institutions and Insurance Committee.

Caride says she's looking forward to working with Murphy to establish a public bank for New Jersey.

"This to me is a wonderful idea that will help to grow the economy of New Jersey. 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."

Caride has been in the legislature since 2012 and is a member of Assembly's Financial Institutions and Insurance Committee.

She says she doesn't have a background in banking, but as a lawyer has dealt directly with mortgage companies on real estate, short-sales, and foreclosure matters.