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
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the Consumer Financial Protection Bureau (CFPB) announced, on the same day that the CFPB’s new payday lending rules officially go on the books, that the bureau plans to rewrite the rules and will give waivers for lenders that
WASHINGTON, D.C. – As another debt ceiling showdown approaches, Oregon’s Senator Jeff Merkley and Virginia’s Senator Tim Kaine today introduced new legislation aimed at ending Congress’ abuse of the debt ceiling as a political hostage. The Protect our Citizens from Reckless Extortion of our Debt and Irresponsible Tactics (Protect our
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the Federal Communications Commission (FCC), under the leadership of Chairman Ajit Pai, passed sweeping new rules that would allow internet providers to establish fast and slow lanes; block content; and charge consumers and businesses more for reliable access
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