Tag: Protecting Consumers

Rebuilding the Financial Foundation for Our Families

Mr.  President, I rise today to oppose the nomination of Ben Bernanke as Chairman of the Fed.  I do so as a member of the Banking Committee who voted against his nomination in that committee, because I researched his record, and on that record I believe that Ben Bernanke is

We Need a Strong Consumer Financial Protection Agency

Mr. Merkley: I rise to give voice to my strong support for President Obama’s proposal to create a consumer financial protection agency separate from our prudential banking regulators. I believe establishing this new independent agency is critical to protecting the economic security of the American middle class and ensuring the

Transparency for Homeowners Act and Promoting Mortgage Responsibility Act

Mr. Merkley: Mr. President, I am introducing two pieces of legislation to address the very heart of our economic crisis–the housing market and the deceptive lending practices that have placed millions of homes at risk of foreclosure. In the last few years, millions of families were led into unsustainable home

Fraud Enforcement and Recovery Act

Mr. Merkley: Mr. President, I rise to speak in strong support of the underlying bill, the Fraud Enforcement and Recovery Act of 2009, and in particular about its impact on detecting fraud in the housing industry. First, however, let me offer my appreciation to the senior Senator from Vermont for

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