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Former financial services chief considers AG run

A former major official at the state’s major fiscal regulatory company is looking at a bid for state attorney standard, in accordance to a supply with expertise of her deliberations. 

Former Money Companies Superintendent Maria Vullo is building a crew and weighing whether to bounce into what would be a crowded area for the Democratic nomination, which opened up now that incumbent Letitia James is jogging for governor. 

Vullo served as the state’s major fiscal solutions regulator from 2016 to 2019. The condition agency, a solution of a merger a ten years back of the point out banking and insurance coverage departments, oversees and regulates money providers, merchandise and entities.

In the course of her time main the agency, the Office of Economical Services recovered $3 billion in fines from huge banking companies and imposed much more than $100 million on fines from massive insurance policy businesses. 

She beforehand served as a best deputy condition lawyer standard prior to primary the section. 

In the 2000s, Vullo was a top rated formal at NARAL Professional-Preference The united states and afterwards led the organization as its chair during the Bush administration. 

A Brooklyn native, Vullo is a graduate of New York University Law University. 

The race for the Democratic nomination for lawyer common could be a crowded 1. The place of work has grown in prominence over the very last two many years as a legal powerhouse and opportunity springboard to the governor’s business office. 

Brooklyn District Legal professional Eric Gonzalez is thought to be weighing a run and Zephyr Teachout, a longtime progressive advocate and law professor, has submitted to operate. She could be joined by condition Sen. Shelley Mayer and Deputy Senate Bulk Leader Mike Gianaris. 

Vullo has also emerged as a critic of her former boss, ex-Gov. Andrew Cuomo. Vullo earlier this calendar year elevated eyebrows when she became a single of the 1st previous cupboard officials to call for Cuomo’s resignation amid allegations of sexual harassment and misconduct. 

A report from James’s office environment detailing allegations from 11 women of all ages would ultimately guide to Cuomo stepping down on Aug. 24. 

Vullo also defended the course of action by which the investigation was conducted — a approach Cuomo and his allies have criticized above the final numerous months. 

“The AG employed two law corporations, which did an comprehensive investigation and wrote a detailed report in full compliance with Govt Legislation,” Vullo wrote on Twitter in August. “No ‘unfair process’ listed here.”