Merkley Introduces Bill to Stop Deceptive Loan Checks
Washington, D.C. – Today, Oregon’s Senator Jeff Merkley introduced the Deceptive Loan Check Elimination Act, which would prohibit companies from sending “live” loan checks to consumers. In these schemes, financial institutions send unsuspecting customers a check made out to them. Customers often assume that their financial institutions have sent refunds or
Senators Introduce Bill to Crack Down on Online Payday Loans
Washington, DC – Today, Oregon’s Senator Jeff Merkley, Senator Tom Udall (D-NM), Senator Dick Durbin (D-IL) and Senator Richard Blumenthal (D-CT) introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act. The SAFE Lending Act would crack down on the worst practices of the online payday lending industry and
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
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