Jeff Merkley Senator for Oregon
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Tag: Protecting Consumers, Taxpayers, and the Economy

Massive Mortgage Servicing Problems Exposed

November 16, 2010

To keep families in their homes, we must address this unproductive dual-track modification system, cut down the piles of paperwork that families are forced to sift through, and make mortgage modifications faster and more effective.

Merkley and Levin Instruct Regulators to Follow Congressional Intent on Volcker Rule

November 5, 2010

Washington, D.C. – In a letter to federal regulators charged with implementing the Merkley-Levin provisions of the Dodd-Frank Act Friday, U.S. Senators Jeff Merkley and Carl Levin provided explicit instructions regarding their statutory intent to restrict high-risk proprietary trading and conflicts of interest at financial firms.   As the primary co-authors

Senators Call on Regulators to Implement Strong Merkley-Levin Provisions

October 28, 2010

Washington, D.C. – To ensure that the Merkley-Levin proprietary trading restrictions of the Dodd-Frank Act are implemented as intended by Congress, Senators Jeff Merkley (D-Ore.), Carl Levin (D-Mich.), and 16 of their colleagues submitted comments to the Financial Stability Oversight Council (FSOC) Thursday.  In the comments, the group of senators

Merkley Urges Oregonians to Share Concerns Over Tobacco Candy with FDA

October 27, 2010

Portland, OR – The U.S. Food and Drug Administration (FDA) this week opened a 60-day comment period on dissolvable tobacco candy products.  Oregon’s Senator Jeff Merkley urged Oregonians to submit their stories and opinions relating to the sale, distribution, and use of tobacco candy to the FDA.   “Tobacco candy

Senators seek to halt foreclosures

October 11, 2010

A group of Democratic senators are calling for JPMorgan Chase and Ally Financial to halt their foreclosure operations just hours after Bank of America, the country’s largest bank holding company, announced it would freeze its foreclosures in all 50 states indefinitely. Bank of America’s decision Friday came on the heels

Merkley Calls for Independent Investigation of Foreclosure Practices

October 4, 2010

Washington, D.C. – Following the news that Ally Financial improperly handled foreclosure documents and decisions by several of the largest mortgage servicers to freeze foreclosures, Oregon’s Senator Jeff Merkley sent a letter to U.S. Treasury Secretary Timothy Geithner and U.S. Secretary of Housing and Urban Development Shaun Donovan urging them

Merkley calls for investigation against Ally Financial

October 4, 2010

It was only time before the handling of foreclosures by loan providers made it to the political arena. And it looks like U.S Sen. Jeff Merkley, D-Ore., will be leading the push. Merkley sent a letter today to U.S. Treasury Secretary Timothy Geithner and U.S. Secretary of Housing and Urban

US Lawmaker Asks Administration To Investigate Mortgage Lenders

October 4, 2010

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

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