There is a demand for these loans; therefore, we should simply leave the system as it is and allow these 500-percent loans.
Jeff Merkley: “There is a demand for these loans; therefore, we should simply leave the system as it is and allow these 500-percent…”
On the recordSeptember 16, 2014
Source
congress.govEditor's note · Context
Merkley critiques the payday loan industry's justification for high-interest loans based on demand.
Share
More from Jeff Merkley
Oct 8, 2026
To be clear: Both parties have played a role in creating Senate dysfunction, and both have a responsibility to fix it.
Oct 1, 2026
Immigration court proceedings must uphold fairness and rule of law and not be politicized to satisfy Donald Trump’s arbitrary detention quotas.
Oct 8, 2026
Every Oregon community needs the resources to keep young people safe, support children who have experienced abuse and neglect, and build stronger relationships between families and those who serve them.
Oct 2, 2026
The SRS program provides crucial payments that are a lifeline for rural communities here in Oregon and across America.





