Portland, OR – Oregon’s Senator Jeff Merkley today announced his intent to introduce federal payday legislation to establish strong rules for payday lenders and close loopholes on online and offshore payday lending sites. Today, Merkley also sent a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to call
Washington, D.C. –Oregon’s Senator Jeff Merkley reintroduced legislation yesterday that will prohibit companies from using paid off or settled medical debt in assessing consumer credit scores. The Medical Debt Responsibility Act will assist approximately 72 million Americans affected by medical bill problems and medical debt. “Medical debt is not a
Washington, DC – Oregon’s Senator Jeff Merkley issued the following statement on the comments by Federal Reserve Chairman Ben Bernanke that regulators will probably delay implementation of the Volcker Rule. “I am disappointed to hear Chairman Bernanke’s comments that regulators will probably not meet the statutory deadline for implementing the
WASHINGTON, D.C. — Members of the Senate and their staff would be required to divest themselves of any individual stock holdings or put them in a blind trust under an amendment outlined by Oregon’s Senator Jeff Merkley and Senator Brown (D-OH). In a conference call earlier today, the Senators outlined
Washington, DC – Oregon’s Senator Jeff Merkley today sent a letter to Federal Communications Chairman Julius Genachowski concerning recent reports of fraudulent use of caller ID technology. Press reports have indicated a dramatic increase of caller ID “spoofing”, or callers that misrepresent themselves on caller IDs. In many cases, these
Eugene, OR – Oregon’s Senator Jeff Merkley today visited the Campbell Community Center to meet with seniors and get feedback on how we can best protect seniors from fraud and scams, improve access to pertinent information, help keep seniors in their homes, and improve long-term care. The Senator was also
WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement on Richard Cordray’s appointment to the Consumer Financial Protection Bureau: “American families deserve a cop on this beat – someone to keep the marketplace fair and protect against the financial scams and predatory schemes that have resulted in millions of
Washington, DC– Oregon’s Senator Jeff Merkley today wrote a letter to President Obama after news broke that the Federal Reserve secretly loaned or guaranteed $7.7 trillion to major financial institutions such as Goldman Sachs, Bank of America, and J.P. Morgan. It is reported by Bloomberg Markets Magazine that the Wall
Washington, DC – Today, on Halloween, Oregon’s Senator Jeff Merkley and Ohio’s Senator Sherrod Brown introduced the Deceptive Loan Checks Elimination Act, which would prohibit companies from sending “live” loan checks to consumers. In these schemes, financial institutions send unsuspecting customers a check made out to them for some amount.
WASHINGTON – Oregon’s Senator Jeff Merkley made the following statement today after the Securities and Exchange Commission (SEC) voted to approve conflict-of-interest regulations, implementing part of the Merkley-Levin provision in the Dodd-Frank Wall Street reform bill: “I am heartened by today’s unanimous vote at the SEC to approve conflict-of-interest regulations. This
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