Washington, DC – Oregon’s Senator Jeff Merkley released the following statement after the nomination by President Obama of Richard Cordray to be the first Director of the Consumer Financial Protection Bureau. “I first want to thank Elizabeth Warren for her hard work getting the Consumer Financial Protection Bureau up and
Washington, DC – Senators Jeff Merkley (D-OR) and Carl Levin (D-MI), the primary authors of the Merkley-Levin provisions limiting proprietary trading, issued the following statement on the release of a Government Accountability Office (GAO) study today: “The GAO study is a major disappointment. At best it is incomplete. At worst
Washington, D.C. – Today, Oregon’s Senator Jeff Merkley spoke on the Senate floor about the “Bluegrass Boondoggle,” a special interest tax subsidy for racehorse owners. Merkley noted that Republicans have placed special interest tax spending, like the Boondoggle, off limits as part of the deficit debate, while pushing for cuts
Washington, DC – Oregon’s Senator Jeff Merkley today urged President Obama to appoint a new head to the Office of the Comptroller of Currency (OCC), a position held for the past several year by Acting Comptroller John Walsh. Merkley’s comments came in response to recent statements from Walsh that criticize
Washington, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the Senate voted Tuesday against initiating debate on a bill to end tax giveaways to Big Oil companies: “The current tax subsidies for the oil industry were put in place when the price of oil was $17 a
WASHINGTON — U.S. Senators Jeff Merkley (D-OR) and Olympia Snowe (R-ME) today introduced the “Regulation of Mortgage Servicing Act” to help homeowners stay in their homes by making the rules for mortgage servicers more fair and transparent. The bill would require banks and other mortgage servicers to create a single point
Washington, DC – Three federal agencies announced agreements on Wednesday with the nation’s largest mortgage servicers aimed at reforming the industry. The regulators’ consent agreement is in response to an interagency review from last year that documented a host of abuses in the loan servicing industry. Oregon’s Senator Jeff Merkley,
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley today pushed to corral speculators who’re feverishly trading oil contracts and driving up the price of gas. Merkley joined more than a dozen U.S. senators to press regulators for an immediate crackdown. The senators are pushing for tougher regulation because new data shows
WASHINGTON, D.C. – U.S. Senators Olympia J. Snowe (R-Maine) and Jeff Merkley (D-Oregon) today introduced legislation aimed at reducing the federal government’s consumption of oil in emergency situations. The federal government currently consumes about 1.5 percent of the nation’s energy, which costs taxpayers approximately $25 billion per year. The Strategic
PORTLAND, OR – Oregon’s Senator Jeff Merkley joined Senator Sheldon Whitehouse (D-RI) in an effort to strengthen mortgage protections for servicemembers once they return home from duty. The Protecting Servicemembers from Mortgage and Abuse Act of 2011 will help protect members of the military from mortgage abuses by encouraging financial
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