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Vermont lawmakers hear Department of Financial Regulation overview; agency cites 110 staff, five divisions
Summary
Acting Commissioner Sandy Bighlestone told the House Commerce & Economic Development Committee that the Department of Financial Regulation (DFR) oversees Vermont’s financial services with about 110 employees across five divisions and emphasized consumer protection and solvency oversight.
The Vermont House Committee on Commerce and Economic Development heard an overview of the Department of Financial Regulation on Jan. 15, 2025, as Acting Commissioner Sandy Bighlestone introduced the agency’s structure and staffing and deputy commissioners from banking, insurance, securities, and captive insurance outlined division roles.
"We are primarily responsible for regulating the financial services sector of Vermont," Acting Commissioner Sandy Bighlestone said, describing DFR’s mission to…
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