WASHINGTON (Dow Jones)–Sen. Jeff Merkley (D., Ore.) on Monday urged the Obama administration to start an independent investigation of Ally Financial and other servicers of home mortgages after the discovery that many foreclosure documents had not been properly reviewed. “I urge you to jointly appoint an independent investigator to examine
Washington, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the news of Elizabeth Warren’s pending appointment to head the effort to get the Consumer Financial Protection Bureau established: “There isn’t a candidate more fit to get the new Consumer Financial Protection Agency up and running than Elizabeth
Washington, D.C. – In a letter to heads of the government agencies charged with implementing Wall Street reform, Senators Jeff Merkley (D-Ore.) and Carl Levin (D-Mich.) today urged strong implementation of the Dodd-Frank Act, particularly the Merkley-Levin provisions limiting conflicts of interest and high-risk proprietary trading. “The law is clear:
WASHINGTON, DC – Today, the U.S. Senate passed the biggest overhaul of rules governing finance and banking since the Great Depression, intended to rein in abuses on Wall Street and help prevent a future financial crisis. Senator Merkley released the following statement: “Today the Senate sent a clear message that
Washington, D.C. – As questions continue to be raised about the ruling to overturn the Administration’s six-month moratorium on deepwater drilling in the Gulf of Mexico, six U.S. senators asked Senate Judiciary Committee Chairman Senator Patrick Leahy (D-Vt.) to investigate U.S. District Court Judge Martin Feldman’s failure to recuse himself
Washington, DC—Senators Jack Reed and Jeff Merkley joined Heather Booth of Americans for Financial Reform on a conference call this afternoon to call on more Republicans to stand up for middle-class families and support final passage of Wall Street accountability legislation. A few brave Republicans will join Senate Democrats later
WASHINGTON, DC – Early this morning, a House-Senate conference committee completed work on legislation to reform the practices of Wall Street. The conference report contains provisions similar to those laid out earlier this year by Oregon Senator Jeff Merkley and Michigan Senator Carl Levin. Senators Merkley and Levin issued the
Sens. Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.) — the two top advocates of strengthening the “Volcker rule” throughout the Wall Street reform debate — declared a “victory” Friday after negotiations Thursday led to the incorporation of stricter language into the final bill. But the news appears to be an
The financial reform agreement reached as dawn broke Friday includes a provision written by Sen. Jeff Merkley prohibiting banks from using their own money to make speculative trades and making deals that bet against their own customers. But the language that Merkley and Sen. Carl Levin spent months selling to
Washington, D.C. – Senators Jeff Merkley (D-OR), Byron Dorgan (D-ND), Chuck Schumer (D-NY), Robert Menendez (D-NJ), Dick Durbin (D-IL), and Tom Harkin (D-IA) introduced legislation today that will prohibit companies from using paid off or settled medical debt in assessing consumer credit scores. The Medical Debt Relief Act will assist
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