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.
|12/7/11||Durbin Applauds STB Decision to Further Investigate Canadian National in Light of Recent Train Derailment|
|12/5/11||Durbin, Kirk Request Surface Transportation Board Review of Barrington EJ&E Study|
|11/30/11||Durbin, Lautenberg applaud DOJ Appeal of Ruling That Blocks New Tobacco Warning Labels|
|11/18/11||Durbin: STB Taking a Closer Look at Canadian National in Light of Recent Train Derailment|
|11/18/11||Durbin Urges Consumer Bankers Association's Membership to Adopt Fee Disclosure Form|
|11/8/11||Durbin Calls for Report on FDA Enforcement of Dietary Supplement Safety Law|
|11/8/11||Durbin Joins Senators in Urging Justice Department, FDA to Appeal Ruling that Bars Implementation of New Tobacco Warning Labels|
|11/7/11||Durbin Calls on Illinois Banks and Credit Unions to Adopt Fee Disclosure Form|
|11/5/11||Durbin warns of cuts on food safety|
|11/4/11||Durbin Calls for STB to Investigate Canadian National Train Derailment|