Merkley, Snowe Introduce Bill to Hold Mortgage Servicers Accountable
WASHINGTON — U.S. Senators Jeff Merkley (D-OR) and Olympia Snowe (R-ME) today introduced the “Regulation of Mortgage Servicing Act” to help homeowners stay in their homes by making the rules for mortgage servicers more fair and transparent. The bill would require banks and other mortgage servicers to create a single point
Merkley, Boxer Urge U.S. Treasury to Start Credit Flowing to Small Businesses
Washington, D.C. – Senators Jeff Merkley (D-OR) and Barbara Boxer (D-CA) sent a letter to Treasury Secretary Timothy Geithner Monday, encouraging him to implement the Small Business Lending Fund as soon as possible to provide community banks with $30 billion in capital that will help them leverage up to $300
Merkley Statement on Soaring Profits for Big Oil
Washington, D.C. – Two of the world’s biggest oil companies announced billions in profits today and the rest of the industry is expected to post similarly high numbers later this week. BP recorded a first-quarter profit of $7.1 billion and ConocoPhillips recorded a $3.03 billion profit – and yet gas
MERKLEY: MORTGAGE SERVICERS AGREEMENT FALLS SHORT
Washington, DC – Three federal agencies announced agreements on Wednesday with the nation’s largest mortgage servicers aimed at reforming the industry. The regulators’ consent agreement is in response to an interagency review from last year that documented a host of abuses in the loan servicing industry. Oregon’s Senator Jeff Merkley,
Merkley: House Republican Budget Shortchanges Seniors While Giving New Benefits for Wealthiest
Washington, D.C. – Oregon’s Senator Jeff Merkley issued the following statement on the 2012 Republican budget plan: “The House leadership’s budget resolution is great if you happen to be an oil executive or a financial titan on Wall Street, but not for our seniors. Dismantling Medicare while giving bonus tax breaks
Merkley Amendment Would Reduce Wait Time for HUBZone Designation
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley put forward an amendment Wednesday to reduce the wait time for small businesses to benefit from a federal program that aids small businesses in hard-hit areas. There is currently a two-year lag time after the census is completed before metro areas can be
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