Facts & Statistics
BY THE NUMBERS: VEHICLE FINANCING AND PERSONAL LENDING IN VERMONT
| STATE STATISTICS | |
| Population 2023 | 647,464 |
| Population 2022 |
647,064 |
| Population 2021 | 645,570 |
| Population 2020 |
623,347 |
| Population 2019 | 624,046 |
| Population 2018 |
626,299 |
| Population 2017 | 624,525 |
| Population 2016 | 623,644 |
| Below Poverty 2022 | 10.4 |
| Below Poverty 2021 | 10.3 |
| Below Poverty 2020 | 10.8 |
| Below Poverty 2019 | 10.2 |
| Below Poverty 2018 | 9.7 |
| Below Poverty 2017 | 11.3 |
| Below Poverty 2016 | 11.9 |
| Employment – Population Ratio 2022 |
59 |
| Employment – Population Ratio 2021 | 58.6 |
| Employment – Population Ratio 2020 | 65 |
| Employment – Population Ratio 2019 | 64.5 |
| Employment – Population Ratio 2018 |
64.9 |
| Employment – Population Ratio 2017 | 65 |
| Employment – Population Ratio 2016 | 64.8 |
| Unemployed 2022 | 3 |
| Unemployed 2021 | 3.9 |
| Unemployed 2020 | 3.1 |
| Unemployed 2019 | 2.4 |
| Unemployed 2018 | 2.7 |
| Unemployed 2017 | 3 |
| Unemployed 2016 | 3.2 |
| Foreclosure Rate 2024 | 1 in 7,756 |
| Foreclosure Rate 2021 | 1 in 7,598 |
| Foreclosure Rate 2018 | 1 of 11,960 |
| Median Household Income 2021 | 76,079 |
| Median Individual Income 2022 | 58,728 |
| High School Graduation Rate 2022 | 82.8 |
| High School Graduation Rate 2021 | 83.1 |
| High School Graduation Rate 2020 | 83 |
| High School Graduation Rate 2019 | 84.5 |
| High School Graduation Rate 2018 | 85 |
| Median Mortgage Payment 2021 | 1,664 |
| GDP 2023 | 35.07 Billion |
| GDP 2022 | 34.61 Billion |
| GDP 2021 | 33.86 Billion |
| GDP 2020 | 32.31 Billion |
| GDP 2019 | 33.21 Billion |
| GDP 2018 | 32.83 Billion |
| STATE FACTS |
|---|
| Vermont was the first state admitted to the Union after the first 13 colonies. |
| The first Ben and Jerry’s Ice Cream store opened in Burlington in 1978. |
| Vermont is the largest producer of maple syrup in the U.S. |
Government
| ELECTED OFFICIALS | |
| Governor |
Phil Scott (R) |
| Lieutenant Governor | John Rodgers (R) |
| Attorney General | Charity Clark (D) |
| Secretary of State | Sarah Copeland-Hanzas (D) |
| State Senate Control | D – 16; R – 13; P – 1 |
| State House Control | D – 87; R – 56; P – 4; I – 3 |
Legislative Process
| LEGISLATIVE DATES AND DEADLINES | |
| Convenes | January 8, 2025 |
| Sine Die Adjournment | May 9, 2025 |
| Committee Action Deadlines | N/A |
| Crossover Deadline | March 14, 2025 |
| Carryover from Previous Session | No |
| Governor’s Signing Deadline (in session) | Five days, Sundays excepted |
| Governor’s Signing Deadline (after adjournment) | Five days, Sundays excepted, or the legislation is pocket vetoed |
| Veto Override | 2/3 majority |
| Legislation Effective Date | July 1 following passage |
Notable Laws & Legislation
SAFE Act
- VT HB 171 (now Vt. Stat. Ann. Title 8, part II, c. 73)
- HUD review of Vermont’s SAFE Act
Security Breach Notification Law
AFSA Comment Letters
- Vermont Office of the Attorney General Robocall Report (January 13, 2023)
- Vermont dr req 17-1176 Vermont Auto Repossession Act (March 16, 2017)
- Vermont Final Proposed Rule Revising Negative Equity Form (August 12, 2016)
- Vermont SB 155 Automatic License Plate Recognition Systems (April 7, 2016)
- Vermont Second Version of Proposed Revisions to Negative Equity Disclosure Form (March 28, 2016)
- Vermont Proposed Revisions to Negative Equity Disclosure Form (December 23, 2015)
Enforcement
No Recent AG Enforcement
Consumer Complaints
Consumer Complaints
Regulatory Actions
Featured Regulations
- No Featured Regulations
Advocacy, Initiatives & Reports
Advocacy
- 23 State & DC Letter to FDIC re: “Rent-A-Bank” Predatory Lending (February 2020)
- 25 State & DC Letter to Education Department re: Student Loan Debt Relief (February 2020)
- 23 State & DC Amicus Brief re: Constitutionality of CFPB (January 2020)
- 19 State & DC Letter to Congress re: Education Department Borrower Defense Rule (January 2020)
- 20 State & DC Amicus Brief re: Public Student Loan Forgiveness (November 2019)
- 22 State Letter to Education Department re: Student Loan Forgiveness (November 2019)
- 21 State & DC Letter to HUD re: Housing Discrimination (October 2019)
- 29 State & DC Letter to Education Department re: Student Loan Fraud (October 2019)
- 20 State & DC Letter to Congress re: Cannabis Banking (September 2019)
- 27 State & DC Letter to CFPB re: Debt Collection Rule (September 2019)
- 31 States & DC Amicus Brief re: Student Loans (August 2019)
- 50 States & DC Letter to FCC re: Robocalls (August 2019)
- 24 States & DC Letter to CFPB re: Overdraft Rule (July 2019)
- 40 States & DC Letter to FTC re: Data Privacy (June 2019)
- 50 States & DC Letter to Education Department re: Student Loans for Disabled Veterans (May 2019)
- 24 States & DC Letter to CFPB re: Payday Rule (May 2019)
- 33 States & DC Letter to Congress re: Marijuana Banking (May 2019)
- 41 States & DC Letter to FCC re: Robocalls (May 2019)
- 24 State & DC Letter to CFPB re: Payday Lending Rule (March 2019)
- 50 States & DC Letter to U.S. Senate Committee on Commerce, Science & Transportation re: Robocalls (March 2019)
- 30 States & DC Letter to FTC re: Identity Theft Rule (February 2019)
- 22 State AGs Letter to CFPB re: Regulatory Sandbox (February 2019)
- 15 State AGs Amicus Brief re: Tribal Immunity for Payday Lending (December 2018)
- 43 State AGs Letter to Social Security Administration re: Identity Fraud (December 2018)
- 21 State AGs letter to Department of Education re: closed-school loan discharge regulations (October 2018)
- 33 State AGs letter to CFPB re: Military Lending Act (October 2018)
- 35 State AGs Letter to Federal Communications Commission (FCC) re: Robocalls (October 2018)
- 16 State AGs Amicus Brief re: States’ Oversight on Student Loan Servicers (September 2018)
- 14 State AGs letter urging CFPB to continue enforcing the Equal Credit Opportunity Act’s disparate impact liability provision (September 2018)
- 17 State AGs letter urging HUD not to undermine the Agency’s Fair Housing Act (FHA) disparate impact regulations (August 2018)
- 20 State AG letter to Congress opposing valid-when-made legislation (June 2018)
- 14 state AGs letter urging CFPB to retain public database of consumer complaints (June 2018)
- 16 state AGs letter urging the Trump Administration to respect the CFPB’s investigative authority (April 2018)
- 20 state AGs letter to Congress regarding proposed FDCPA amendments (April 2018)
- 32 AGs letter urging Congress to preserve state’s authority to enforce data breach & security laws (March 2018)
- 30 AGs letter to Congress urging it to reject legislation that would block state oversight of student loan servicing industry (March 2018)
- 20 State AGs letter to Education Secretary re student borrower defense proposal (March 2018)
- 16 State & DC AGs brief calling on Trump Admin. to respect CFPB independence (February 2018)
- 18 State AGs urge Congress to incorporate cannabis industry into banking system (January 2018)
- 16 State AGs letter to President re CFPB (December 2017)
- Lawsuit opposing temporary CFPB director (December 2017)
- 36 AGs Letter – Credit Freeze Fees (October 2017)
- 43 State AGs Letter – Major Data Breach (September 2017)
- 8 State AGs Letter Supporting CFPB Proposed Small-Dollar Rule (October 2016)
- 18 States Letter to CFPB – Proposed Arbitration Rule (August 2016)
- 9 State AGs & DC Joint Letter to Financial Corporation CEOs – Chip and PIN Technology (November 2015)
- VT AG Weighs in on Federal Data Breach Legislation (July 2015)
- 31 State AGs Letter to CFPB – Debt Collection Rules (March 2014)
Reports
Trade Associations
There are currently no partner industry associations in Vermont




