WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley today joined a bipartisan group of colleagues in sending a letter to the U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), urging them to hold a legislative hearing on S. 1152, the
WASHINGTON, D.C. – Oregon’s Senators Jeff Merkley and Ron Wyden, along with 41 of their Senate colleagues, today urged Consumer Financial Protection Bureau (CFPB) Acting Director Leandra English and Office of Management and Budget (OMB) Director Mick Mulvaney to end any efforts to undermine and repeal the CFPB’s payday lending
The Trump administration has figured out a way to engender bipartisanship: Propose selling off U.S. federal power marketing administration assets, including Bonneville’s 15,000-mile high-voltage electric transmission system. Fourteen Democratic U.S. senators — including Oregonians Ron Wyden and Jeff Merkley — have joined with nine Republicans in a letter to budget director Mick Mulvaney opposing the proposal made last
Washington, D.C. – Oregon’s U.S. Sens. Ron Wyden and Jeff Merkley and a bipartisan group of their colleagues urged federal officials to oppose Trump’s Fiscal Year 2019 budget scheme that would auction off the transmission assets of the Bonneville Power Administration (BPA) and other Power Marketing Administrations (PMAs). “There is
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement regarding a House bill, H.R. 4790, that attacks the Volcker Rule by exempting banks under $10 billion from the rule and by eliminating enforcement oversight from four federal regulators, leaving the Federal Reserve as the sole regulator to enforce
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the Senate voted to bring a banking deregulation bill to the floor for consideration. The bill rolls back key aspects of the 2010 Wall Street reform law; increases the chance of future taxpayer-funded bailouts, as analyzed by the
Senators Elizabeth Warren, Jeff Merkley and Richard Blumenthal in a letter Friday rebuked Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, for failing to explain recent changes at the agency, including delaying rules to rein in payday loans and dropping lawsuits against payday lenders. “You have failed
MEDFORD, Ore. — President Trump announced his proposed infrastructure plan on Monday and now senator Jeff Merkley is responding to it. President Trump has called for a $1.5 trillion plan to upgrade highways, railroads and airports. However, 70 percent of that funding is being asked of individual states and private investors,
Now the White House wants to weaken his office even further. And many Democrats are asking: Can the Consumer Financial Protection Bureau still protect consumers? The bureau was created by the 2010 financial reform law known as Dodd-Frank. Its mission was to protect American consumers from predatory lenders and bullying debt
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley, along with Banking Committee Ranking Member Sherrod Brown and CFPB architect Elizabeth Warren, today led a group of 40 Senators in standing up for the Consumer Financial Protection Bureau’s (CFPB) independence and power to obtain justice for consumers who have been wronged by
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