Tag: Protecting Consumers, Taxpayers, and the Economy

Merkley Becomes Top Democrat on Consumer Protection Subcommittee

WASHINGTON – Today, the U.S. Senate Committee on Banking, Housing and Urban Affairs announced that Oregon’s Senator Jeff Merkley will serve as the top Democrat on the Financial Institutions and Consumer Protections Subcommittee in the new Congress, placing him in a powerful position to advocate for consumer protection and bank

Merkley Slams Fed Volcker Delay

WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement after the Federal Reserve announced that it will give banks broad exemptions in complying with the Volcker Rule for 2015, and that it is likely to continue those exemptions through July 2017: “The Wall Street Casino is alive and well. 

Merkley Statement on 2015 Spending Bill

WASHINGTON — Oregon’s Senator Jeff Merkley released the following statement after the Senate voted on passage of the 2015 spending bill. “Tonight the Senate voted on final passage of the 2015 spending bill. While there are many positive aspects of the bill, I voted ‘no’ because of my deep opposition

Lawmakers Lambaste New York Fed Chief on Lax Oversight

WASHINGTON—The head of the Federal Reserve Bank of New York defended the regulator’s oversight of large financial firms amid tough questioning from Senate Democrats, who accused the Fed of kowtowing to the biggest banks. William Dudley , the New York Fed’s president appearing at a Senate hearing, denied his institution has

VIDEO RELEASE: Merkley Grills New York Fed President on Too Big To Jail

WASHINGTON – Today, as the Senate Banking Committee held a hearing on whether banking regulators have become too close to the banks they oversee, Oregon’s Senator Jeff Merkley grilled the President of the Federal Reserve Bank of New York on whether a lack of individual prosecutions at big banks shows

Merkley on Senate Commodities Report: “Extremely Disturbing,” Regulators Must Act

WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement after the U.S. Senate Permanent Subcommittee on Investigations released a report and held hearings finding that Wall Street banks have become heavily involved in the ownership and control of physical commodities, raising the potential for market manipulation. The commodities involved

PROFILE-Oregon lawmaker will not let Fed forget to tackle commodities

NEW YORK, Aug 17 – Just over a year ago, Oregon Senator Jeff Merkley was looking for a place to make a bold statement about his latest crusade: taking Wall Street’s traders to task for gaming commodity markets. His office telephoned Bruce Kehe, marketing director at Portland’s Hopworks Urban Brewery,

Merkley Slams Republican Filibuster of Bring Jobs Home Act

WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement today after a Senate minority voted to filibuster the Bring Jobs Home Act, which would end tax subsidies for companies that ship jobs overseas and reward companies that bring jobs back home. Merkley is an original cosponsor of the bill.

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