Brown, Merkley Press Federal Agencies on Oversight of Financial Technology
WASHINGTON, D.C. – U.S. Sens. Sherrod Brown (D-OH) and Jeff Merkley (D-OR) today called on the leaders of the U.S. banking and consumer protection agencies to outline steps they are taking to ensure effective oversight of the emerging financial technology, or “fintech,” marketplace. The Senators made their request in a
28 U.S. Senators Encourage CFPB to Strengthen Proposed Small-Dollar Lending Rules
WASHINGTON, D.C. – Today, 28 U.S. Senators—led by Senators Jeff Merkley (D-OR), Dick Durbin (D-IL), Sherrod Brown (D-OH) and Chris Coons (D-DE)—wrote to the Consumer Financial Protection Bureau (CFPB) expressing support for the agency’s small-dollar lending rule and encouraging the consumer agency to strengthen consumer protections in the proposed rule
Democrats Say Government, Contractors Shouldn’t Be Exempt From Robocall Rule
Ten Senate Democrats want to know how the Federal Communications Commission and the Office of Management and Budget “intend to help protect consumers from receiving intrusive robocalls from the federal government and its contractors” following a recent FCC decision to exempt the government from those rules. “We are concerned that consumers
Merkley Slams Repeated Fed Volcker Delays
WASHINGTON, D.C. — Oregon’s Senator Jeff Merkley released the following statement after the Federal Reserve announced that they would again delay implementation of a key part of the Volcker Rule, this time until 2017: “It’s been six years since the Volcker Rule became law, and unbelievably, the Fed still doesn’t
Cummings, Merkley Introduce Legislation to Protect Workers from Predatory Debt Collectors
Washington, DC (July 7, 2016)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Senator Jeff Merkley introduced the Wage and Garnishment Equity Act of 2016 (WAGE Act) to protect workers from losing their entire paychecks to wage and bank garnishments. “Predatory debt
Merkley: Rural co-ops gain $52 million for energy efficiency loans
Sen. Jeff Merkley, D-Ore., announced Tuesday that the U.S. Department of Agriculture will make $52 million in loans available to rural electric co-ops through the Rural Energy Savings Program. RESP is a program designed by Merkley to allow rural electric co-ops to offer their customers low-interest loans from USDA to
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