The Federal Reserve System is one of the most important institutions in the entire American government. Its composition is also almost shockingly non-diverse, with zero African Americans or Latinos serving on the key panel whose decisions impact job creation and the pace of economic growth, despite fairly overwhelming evidence that
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley and Representative Suzanne Bonamici (OR-1) today applauded the announcement that Google would change its advertising policies to ban advertisements for payday loans on its platforms. Merkley and Bonamici are the lead sponsors of the Stopping Abuse and Fraud in Electronic Lending (SAFE Lending)
Oregon’s two U.S. senators stumped for plans Wednesday to cap prescription drug costs for seniors and renewed the call for Medicare to negotiate drug prices, a longtime Democratic priority that has been endorsed by all three remaining major presidential candidates. “These prescription drug costs are just clobbering people, especially the
Key Development: Sen. Jeff Merkley (D-Ore.) asks federal financial regulators whether large losses by Credit Suisse Group AG in distressed holdings might show whether the firm violated the Volcker Rule. A prominent Senate Banking Committee member is asking federal financial regulators whether large losses by Credit Suisse Group AG in
WASHINGTON – Sen. Jeff Merkley D-Ore., released the following statement Thursday after the U.S. Department of Health and Human Services announced that the Food and Drug Administration’s tobacco deeming rule was finalized and will now go into effect: “The tobacco regulation rule announced today by the FDA is a critical milestone for public
U.S. Sens. Ron Wyden and Jeff Merkley came to Portland Wednesday to stump for federal legislation that would cap prescription drug costs for seniors. “These prescription drug costs are clobbering older people in Oregon and across the country,” said Wyden, a Democrat and co-sponsor of the bill. “It’s a prescription of punishment, so many costs
As the burgeoning online lending industry braces for a wave of scrutiny from U.S. policy makers, leading financial-technology firms are scrambling in Washington to figure out who’s a friend and who’s a potential foe. Prominent small business lenders including On Deck Capital Inc., Kabbage Inc. and PayPal Holdings Inc. have
When Corinthian Colleges Inc. collapsed, leaving thousands of students in the lurch with student loan debt and credits that they didn’t know would be usable at other schools, they were generally unable to sue the failed for-profit educator because the students had unwittingly signed away their right to a jury
Washington, D.C. – U.S. Senators Ron Wyden and Jeff Merkley, both D-Ore., today urged Secretary of Education Dr. John King to create strong protections and a streamlined path to debt relief for student loan borrowers in the Department’s forthcoming “borrower defense” rule. The Oregon senators joined 41 colleagues on Senate
WASHINGTON – Today, Oregon’s Senators Jeff Merkley and Ron Wyden joined Senate Democrats to introduce the Testing, Removal and Updated Evaluations of Lead Everywhere in America for Dramatic Enhancements that Restore Safety to Homes, Infrastructure and Pipes Act of 2016, or True LEADership Act (S.2821). The True LEADership Act is a comprehensive plan that
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