Looking Out for Consumers

Last year, Congress passed Wall Street reform in response to the financial meltdown of 2008. My focus during that debate was to make it far easier for American families to manage their financial affairs without worrying about the tricks and traps that banks may have hidden in the fine print of contracts.

 

That’s why I introduced a bill with the help of Professor Elizabeth Warren from Harvard to create an independent financial watchdog whose sole purpose would be to look out for the needs of American families trying to use financial services wisely.

 

That idea ultimately became the Consumer Financial Protection Bureau, which is being established now and will become an independent regulator this July.

Related Videos

Protecting the Affordable Care Act
March 13, 2013

[WASHINGTON, DC] U.S. Senator Dick Durbin (D-IL) joined U.S. Senator Sherrod Brown (D-OH) on the United States Senate Floor today to discuss the Affordable Care Act.

Restoring Transparency and Fairness to Student Loans
January 24, 2013

[WASHINGTON, D.C.] - U.S. Senator Dick Durbin (D-IL) spoke on the United States Senate Floor to discuss his reintroduction of two pieces of legislation - the Fairness for Struggling Students Act of 2013 and the Know Before You Owe Act of 2013 - to restore transparency, fairness and common sense to the student loan process.



Related Photos

Share this page:
Office Locations
  • WASHINGTON, D.C.
    711 Hart Senate Bldg.
    Washington, DC 20510
    9 am to 6 pm ET
    (202) 224-2152 - phone
    (202) 228-0400 - fax

  • CHICAGO
    230 S Dearborn St.
    Suite 3892
    Chicago, IL 60604
    8:30 am to 5 pm
    (312) 353-4952 - phone
    (312) 353-0150 - fax
  • SPRINGFIELD
    525 South 8th St.
    Springfield, IL 62703
    8:30 am to 5 pm
    (217) 492-4062 - phone
    (217) 492-4382 - fax

  • CARBONDALE
    250 W. Cherry Street
    Suite 115-D
    Carbondale, IL 62901
    8:30 am to 5 pm
    (618) 351-1122 - phone
    (618) 351-1124 - fax
  • ROCK ISLAND
    1504 Third Avenue
    Suite 227
    Rock Island, IL 61201
    8:30 am to 4:30 pm
    (309) 786-5173 - phone
    (309) 786-5404 - fax