Senate Democrats Want Tough Rules to Rein In Payday Lenders
A majority of Democratic senators are formally urging the nation’s consumer watchdog to issue “the strongest possible rules” reining in payday and other short-term lenders. Thirty-two of 46 members of the Senate Democratic caucus signed a letter to Richard Cordray, director of the Consumer Financial Protection Bureau, pressing him and
Senator Merkley Leads Group of 32 Senators to Urge Consumer Agency to Issue “Strongest Possible Rules” to Stop Predatory Payday Lending
WASHINGTON, D.C. – As the Consumer Financial Protection Bureau (CFPB) considers new rules to rein in predatory practices in payday and similar types of lending, Senator Merkley and 31 of his Senate colleagues expressed their support today for the initial steps the agency has taken and urged the agency to
Merkley Announces $50 Million for Small Ports in Appropriations Bill that Passed Senate Committee
WASHINGTON, DC – Oregon’s Senator Jeff Merkley announced today that the Senate Appropriations Committee passed a bill including $50 million for small, remote ports and $135 million for deep draft ports. Senator Merkley fought to include the critical funding in the Energy and Water Appropriations bill after it was slashed
Merkley Statement on Banking Committee Markup: “Now Is Not the Time to Be Relaxing the Rules for Wall Street”
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement after the U.S. Senate Banking Committee passed on a party-line vote a sprawling bill that would deregulate many key aspects of the financial industry: “Seven years ago, following a decade of predatory home-lending and risky derivative-trading practices by big
Merkley Joins Broad Coalition of Democratic Lawmakers in Fight to Outlaw Unfair Consumer Contracts
WASHINGTON, D.C. —Today, U.S. Sen. Al Franken (D-Minn.), along with Rep. Hank Johnson (D-Ga.), led a broad coalition of more than 50 members of Congress in the fight to protect the rights of consumers in Minnesota and across the country who are being hurt by forced arbitration contracts in the
Merkley Offers Amendments to Make Future Trade Agreements Work for Working Americans
WASHINGTON, D.C. – As Trade Promotion Authority, or “fast track,” legislation continues to be pending on the Senate floor, Oregon’s Senator Jeff Merkley filed a package of amendments focused on creating good-paying jobs in America. “The trade policy we put in place today will have profound effects on our workers
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