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DISB Sees a Change in its Leadership

Friday, August 28, 2009

DISB Sees a Change in its Leadership

Today, DISB announced that Thomas E. Hampton has ended his tenure as commissioner of the agency. Since May 2006, Commissioner Hampton has demonstrated a strong commitment to consumer protection and public access to financial services.

(Washington, DC) — The District of Columbia Department of Insurance, Securities and Banking (DISB) today announced that Thomas E. Hampton has ended his tenure as commissioner of the agency.

“I am appreciative for the Fenty Administration for allowing me the opportunity to lead such a dynamic financial-services regulatory agency, especially during the current economic crisis,” Commissioner Hampton said. “We were able to help residents prevent foreclosures, provide financial literacy and investor-education seminars throughout the city, and increased our consumer education and outreach presence at community events.”

Commissioner Hampton, who has been at DISB since 1988, was at the helm of the agency since May 2006, when he was appointed by former Mayor Anthony Williams after the sudden departure of Commissioner Larry Mirel in 2005. During his tenure, Commissioner Hampton has demonstrated a strong commitment to consumer protection and access to financial services.

Deputy Commissioner Gennet Purcell, who has been in that position since December 2008, was named by the Fenty Administration to serve as his replacement. Purcell is an attorney and member of both the State of Maryland Bar and the Commonwealth of Virginia Bar. She is due to start her tenure August 31, 2009. She awaits confirmation by the Council of the District of Columbia.