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.
|8/12/11||Durbin: Mayor's Decision to Enforce 1 A.M. Cutoff for Liquor Sales is Step In Right Direction, but More Still Needs to be Done|
|8/11/11||East St. Louis bans package liquor sales after 1 a.m.|
|8/11/11||Senator Durbin and Senator Murray Call on VA to Provide Answers About Privacy, Safety, and Security of Homeless Female Veterans|
|8/10/11||At Durbin's Urging, Federal Agencies Devote Additional Resources to Combat Violent Crime in East St. Louis|
|8/10/11||Durbin Visits Workforce Center, Discusses Need for Critical Support Services|
|8/9/11||Durbin touts Main Street bill during stop in CL|
|8/9/11||Durbin Asks How System That Falsely Reports Deaths of Living Illinoisans Can Be Improved|
|8/9/11||Durbin Announces Nearly $2.3 Million in DOJ Funding to Protect Illinois Youth|
|8/6/11||Durbin Statement on S&P Downgrade of US Credit Rating|
|8/6/11||Editorial: Time for lawmakers to give Main Street businesses a chance|