Assemblywoman Marlene Cabride, who has served in the New Jersey General Assembly since 2012 (4 terms), has been nominated as the next Department of Banking and Insurance (DOBI) Commissioner. Replacing current Commissioner Richard Badolato. Upon Senate confirmation, Caride will oversee the state Department of Banking and Insurance, which regulates the state’s banking, insurance, and real estate industries. She currently serves in the Assembly on the Commerce and Economic Development Committee (as Vice-Chair), the Financial Institutions and Insurance Committee, the Transportation and Independent Authorities Committee, the New Jersey Legislative Select Committee on Investigation (investigating the Fort Lee lane closure scandal), and the Intergovernmental Relations Commission. In addition to serving in the General Assembly, she has been a South Hackensack Zoning Board Attorney since 2015; West New York Board of Alcoholic Beverage Control Prosecutor 2009 to 2012; Ridgefield Municipal Prosecutor from 2011 to the present; was a West New York Parking Authority Attorney from 1995 to 2009; Ridgefield Board of Health Alternate Member from 2005 to 2007; and Ridgefield Free Public Library Alternate Trustee in 2005-2006.
When confirmed by the Senate to serve as the Banking and Insurance Commissioner, she will be the first Hispanic commissioner to fill the position. Caride earned a bachelor’s degree in Education from Fairleigh Dickinson University and was awarded a J.D. degree from the California Western School of Law. She is a partner in the private law firm of Gonzalez & Caride.