Washington, DC – Today, Congressman Bill Foster (D-IL-11) and Senator Jeff Merkley (D-OR) introduced the Investor Choice Act, legislation to prohibit pre-dispute mandatory, or “forced,” arbitration agreements and preserve customers’ ability to bring or join class action lawsuits in certain financial sectors. “Individuals shouldn’t need to surrender their legal rights because
“Through engaging in this campaign of litigation and intimidation, the CFTC risks becoming an instrument and enabler of online prediction markets’ efforts to bypass states’ consumer protections and oversight, creating a race-to-the-bottom in gambling.” WASHINGTON, D.C. – U.S. Senators Richard Blumenthal (D-CT) and Jeff Merkley (D-OR) this week led 15
Washington, D.C. – Today, Oregon’s U.S. Senator Jeff Merkley and Maryland’s U.S. Senator Angela Alsobrooks slammed Senate Republicans for voting to allow the Trump Administration to cap federal student loans and overhaul the student loan system, driving up costs for students across the nation: “As the first in my family
Senators: Inaccurate Credit Reports Increase Financial Burden on Student Loan Borrowers and Prevent Them From Obtaining Strong Financial Standing Washington, D.C. – U.S. Senators Ron Wyden and Jeff Merkley joined Democratic Senate colleagues today in demanding the CEOs of three major credit report bureaus, Experian, Equifax, and TransUnion, immediately take
Washington, D.C. – Oregon’s U.S. Senator Jeff Merkley—a long-time champion of kicking hedge funds out of the housing market—released the following statement after the Senate passed an updated version of Sen. Elizabeth Warren’s 21st Century ROAD to Housing Act, the biggest housing bill in 30 years, that includes the first-ever limits
Washington, D.C. – During National Homeownership Month, Oregon’s U.S. Senator Jeff Merkley announced two new bills to help support the dream of homeownership for Americans by strengthening consumer protections and affordable homebuying opportunities for families nationwide. First, the Home Equity Lending Integrity Act would provide clear consumer lending protections and
Washington, D.C. — Oregon’s U.S. Senators Jeff Merkley and Ron Wyden, along with Congresswoman Suzanne Bonamici (D-OR), joined a group of their colleagues in pressing the Department of Education (ED) to immediately address the largest student loan default and delinquency crisis on record, which has been made worse by the
Washington, D.C. – U.S. Senator Jeff Merkley (D-OR), Ranking Member of the Senate Budget Committee, released the below statement after Senate Republicans voted to pass their funding bill that will give Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) nearly $70 billion. This bill provides zero relief
Washington, D.C. – U.S. Senate Democratic Whip Dick Durbin (D-IL) along with U.S. Senators Elizabeth Warren (D-MA), Ed Markey (D-MA), Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Jack Reed (D-RI) sent letters to Reynolds American and Altria Group to inquire about these Big Tobacco companies’ engagement with the Trump Administration,
Washington, DC – Rep. Suzanne Bonamici (D-OR), Sen. Jeff Merkley (D-OR), Rep. John Mannion (D-NY), Rep. Lauren Underwood (D-IL), and Sen. Angela Alsobrooks (D-MD) introduced a Congressional Review Act (CRA) resolution of disapproval in the House and Senate to repeal the Department of Education’s finalized rule that caps federal student
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