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.
|10/3/11||Letter to Bank of America CEO Brian Moynihan|
|10/3/11||Bank of America's Outrageous New Fees|
|10/1/11||Durbin Statement on New Swipe Fee Reforms Taking Effect|
|9/30/11||Durbin: Lower debit card swipe fees good for consumers|
|9/30/11||Rock Island store benefits from federal reforms|
|9/30/11||U.S. Senator Dick Durbin Discusses Debit Changes in Quad Cities|
|9/29/11||Durbin Statement on Bank of America Fee Announcement|
|9/20/11||Durbin, Kirk Ask Metra to Justify Fare Increases, Consulting Fees|
|9/14/11||Durbin Unveils 2012 Financial Services, General Government Appropriations Bill|
|9/13/11||Durbin Says Code of Conduct Shows Willingness of For-profit College Industry to Improve Transparency; Encourages Further Action|