Senators Introduce Bill to Help Americans Struggling with Medical Debt
WASHINGTON, DC – Today, Oregon’s Senator Jeff Merkley introduced legislation to prohibit companies from using paid off or settled medical debt in assessing consumer credit scores. The Medical Debt Responsibility Act, which is cosponsored by Senators Dick Durbin (D-IL), Chuck Schumer (D-NY), Tom Harkin (D-IA), Sherrod Brown (D-OH), Robert Menendez
Merkley Applauds New Mortgage Rules
Washington, DC – Today, after the Consumer Financial Protection Bureau announced sweeping new rules to the nation’s mortgage market, Oregon’s Senator Jeff Merkley applauded the CFPB for putting an end to interest-only loans, “no doc” loans, and loans based on an initial “teaser” interest rate. Merkley has been a leading
Merkley Statement on Fiscal Cliff Deal
Washington, DC- Oregon’s Senator Jeff Merkley issued the following statement after the Senate passed a deal that would avert the fiscal cliff. “My measuring stick for this fiscal cliff deal, like every bill I consider, is how it will impact working families throughout Oregon. And while I have deep misgivings
Merkley Calls on House to Pass Middle Class Tax Cut
Washington, DC- Oregon’s Senator Jeff Merkley issued the following statement after news that the House Republicans have left Washington for Christmas break. “As we approach the edge of the fiscal cliff, the time for political gamesmanship is over. This isn’t about politics, it’s about people’s lives. The families who live
Merkley Blasts “Too Big to Jail” Policy for Lawbreaking Banks
WASHINGTON, DC – Oregon Senator Jeff Merkley today blasted the U.S. Department of Justice for its policy of offering “deferred prosecution” for large financial institutions that break federal criminal laws, including drug trafficking, money laundering, and sanctions violations, calling the policy “too big to jail” and demanding explanations. In a
Merkley and Bennet call upon SEC to Quickly Release Crowdfunding Rules
WASHINGTON, DC – Today, Senators Jeff Merkley (D-OR) and Michael Bennet (D-CO) sent a letter to SEC Chairman Mary Schapiro to request that rules governing crowdfunding activities be issued quickly. Merkley and Bennet were lead sponsors on the CROWDFUND Act, which was passed on April 5, 2012 and legalizes the
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