Merkley Decries Senate Bank Deregulation Bill
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the Senate voted to bring a banking deregulation bill to the floor for consideration. The bill rolls back key aspects of the 2010 Wall Street reform law; increases the chance of future taxpayer-funded bailouts, as analyzed by the
Democrats push CFPB’s Mick Mulvaney on payday lending
Senators Elizabeth Warren, Jeff Merkley and Richard Blumenthal in a letter Friday rebuked Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, for failing to explain recent changes at the agency, including delaying rules to rein in payday loans and dropping lawsuits against payday lenders. “You have failed
Sen. Merkley deems infrastructure plan inefficient
MEDFORD, Ore. — President Trump announced his proposed infrastructure plan on Monday and now senator Jeff Merkley is responding to it. President Trump has called for a $1.5 trillion plan to upgrade highways, railroads and airports. However, 70 percent of that funding is being asked of individual states and private investors,
Democrats to Trump’s CFPB chief: Who’s looking out for consumers?
Now the White House wants to weaken his office even further. And many Democrats are asking: Can the Consumer Financial Protection Bureau still protect consumers? The bureau was created by the 2010 financial reform law known as Dodd-Frank. Its mission was to protect American consumers from predatory lenders and bullying debt
40 Senators Stand Up to Protect Consumer Bureau’s Independence
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley, along with Banking Committee Ranking Member Sherrod Brown and CFPB architect Elizabeth Warren, today led a group of 40 Senators in standing up for the Consumer Financial Protection Bureau’s (CFPB) independence and power to obtain justice for consumers who have been wronged by
Merkley Slams Trump Administration’s Payday Predator Protection Plan
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the Consumer Financial Protection Bureau (CFPB) announced, on the same day that the CFPB’s new payday lending rules officially go on the books, that the bureau plans to rewrite the rules and will give waivers for lenders that
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