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.
|3/22/13||Senators Urge FDA to Act Quickly to Develop New Tobacco Warning Labels|
|3/19/13||Durbin, Gillibrand Introduce Bill to Protect Medicare Card Holders from Identity Theft|
|1/23/13||As Student Loan Debt Surpasses $1 Trillion, Senators Introduce Legislation to Address Crisis|
|12/6/12||Durbin, Blumenthal: FDA Taking Energy Drink Concerns Seriously|
|12/5/12||Durbin Applauds Decisions by SunTrust, Suncoast Schools Federal Credit Union and UW Credit Union to Adopt Fee Disclosure Form|
|11/27/12||Durbin to Accreditor: Audit Baseless Job Placement Rates of For-Profit College Company EDMC|
|11/27/12||Durbin, Blumenthal: FDA Reviewing Safety of Caffeinated Energy Drinks and their Additives|
|11/15/12||Citing Rising Public Health Concerns About Energy Drinks, Durbin, Blumenthal Call for Meeting with FDA to Discuss Action Plan|
|11/14/12||Durbin, Emanuel Announces $100,000 Federal Grant to Increase Availability of Locally Grown Produce in Chicago Public Schools|
|9/25/12||Durbin to the American Bankers Association: "A Defeat Is Not the Same as a Mistake"|