Merkley Awarded Banking Subcommittee Chairmanship
Washington, DC – Today, Oregon’s Senator Jeff Merkley announced he has been awarded the chairmanship of a subcommittee of the Senate Banking Committee, the Subcommittee on Economic Policy. This subcommittee has jurisdiction over issues related to economic growth, employment and price stability, as well as monetary policy and small business
Merkley to Senate GOP: Let CFPB Do its Job
Washington, DC- On Friday, 43 Senate Republicans pledged to block Richard Cordray, President Obama’s nominee for the Consumer Financial Protection Bureau, until changes are made to weaken the bureau’s power to protect consumers. Today, Oregon’s Senator Jeff Merkley said that was unacceptable. “The GOP effort to undermine the work of
Merkley Statement Supporting Lew Nomination
Washington, DC– Oregon’s Senator Jeff Merkley, a member of the Senate Banking Committee, issued the following statement after meeting with President Obama’s nominee for Secretary of the Treasury Jacob Lew yesterday. “I had a good conversation with Jack Lew, talking about various strategies to create economic opportunities for middle-class Americans
Merkley: Shrinking Economy is an Urgent Wake-Up Call to Put Jobs First
WASHINGTON, DC – Oregon’s Senator Jeff Merkley released the following statement after news that the economy had shrunk in the last quarter of 2012: “This is a wake-up call for Washington. While DC has been manufacturing political crises, real people and businesses are suffering. Our priority should be making the economy
Merkley Introduces Bill to Stop Deceptive Loan Checks
Washington, D.C. – Today, Oregon’s Senator Jeff Merkley introduced the Deceptive Loan Check 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. Customers often assume that their financial institutions have sent refunds or
Senators Introduce Bill to Crack Down on Online Payday Loans
Washington, DC – Today, Oregon’s Senator Jeff Merkley, Senator Tom Udall (D-NM), Senator Dick Durbin (D-IL) and Senator Richard Blumenthal (D-CT) introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act. The SAFE Lending Act would crack down on the worst practices of the online payday lending industry and
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