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.
|4/3/14||Durbin, Harkin, Cummings: More Coordination Needed in Federal Oversight of For-Profit College Industry|
|3/27/14||Durbin Commends House Members for Joining Effort to Protect Children from E-Cigarettes|
|3/25/14||Senators: FDA Must Regulate E-Cigarettes and Other Nicotine Delivery Products|
|3/12/14||Durbin Introduces the American Cures Act|
|3/11/14||Inspector General Report on Campus Debit Card Use Confirms Need to Better Protect Students|
|2/28/14||Durbin Asks Department of Education to Investigate ITT Educational Services|
|2/26/14||Durbin, Boxer, Harkin, Blumenthal, Markey Introduce Legislation to Help Protect Kids from E-Cigarettes|
|2/14/14||Senators Urge Top Cigarette Retailer to Remove Tobacco Products from Stores|
|2/6/14||Durbin: Education Department's Rejection of New Programs at Corinthian Colleges Should Prompt Action from Accreditor|
|2/5/14||Durbin Applauds CVS Caremark Decision to Stop Tobacco Sales|