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House Finance panel approves Banking Department budget after commissioners lay out staffing, exam demands
Summary
The House Finance Division I approved the New Hampshire Banking Department’s fiscal 2026–27 budget after Commissioner Amelia Galdieri described rising exam workload from trust companies, fintech and auto-dealer examinations and how the self-funded department plans to cover costs largely through assessments and fees.
The House Finance Division I approved the New Hampshire Banking Department’s fiscal 2026–27 budget after Bank Commissioner Amelia Galdieri told lawmakers the self-funded agency needs to expand travel and training lines to supervise growing trust-company assets and fintech licensees.
Galdieri, who introduced the department’s request, said the department is “a consumer protection focused regulatory agency that supervises a wide variety of financial institutions” and described two operating “buckets” — a banking and trust division and a consumer credit division. She told the committee the trust industry is growing in New Hampshire and that recent legislation will expand routine examinations of auto dealers that take finance applications, increasing the department’s exam…
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