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.
|3/30/11||Durbin Asks National Urban League to Support Effort to Protect Students and Taxpayers from Abuses in the For-profit College Industry|
|3/30/11||Durbin Questions Nuclear Experts at Senate Hearing|
|3/30/11||Durbin Announces a $1 Million FEMA Grant to Little Rock-Fox Fire Protection District|
|3/29/11||Durbin: Interchange Reform will Take Effect as Planned on July 21|
|3/28/11||Durbin Urges Residents to Prepare for Flooding|
|3/26/11||Durbin urges support for cap on merchant swipe fees during Quincy visit|
|3/22/11||Durbin to Chair First-Ever Hearing on the Civil Rights of American Muslims|
|3/17/11||Response to the Wall Street Journal's Editorial on Swipe Fee Reform|
|3/16/11||Durbin Meets with Illinois Farm Groups to Discuss Agriculture Priorities|
|3/16/11||Swipe Fee Reform|