WASHINGTON – Today, Oregon’s Senator Jeff Merkley – the top Democrat on the Senate Banking Subcommittee on Financial Institutions and Consumer Protection – strongly urged the Consumer Financial Protection Bureau (CFPB) to crack down on destructive predatory lending by issuing new, tough rules that would protect consumers from damaging and
WASHINGTON, D.C. – With Senate Republicans expected to unveil their 2016 budget later today, here are ten things to watch for when asking whether it’s a budget that works for America’s middle class, or yet another budget for the best off: 1. Infrastructure investment Does the budget invest in significant
WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement after more than 100 law professors wrote to congressional leadership and the U.S. Trade Representative expressing concerns about Investor-State Dispute Settlement (ISDS) provisions in trade deals: “I share many of the worries raised by these experts, and I hope that
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after FCC Chair Tom Wheeler announced his proposal for stronger net neutrality rules, classifying the Internet as a telecommunications service under Title II of the 1996 Telecommunications Act, and allowing for an open Internet. Merkley had pushed Wheeler to
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
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.
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
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
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
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
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