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.
|5/24/11||Durbin Announces FEMA Grant for Flood Protection Efforts in Gurnee|
|5/22/11||Ill. senators Durbin, Kirk push Chicago River cleanup|
|5/18/11||Durbin Asks State of Illinois to Comply with EPA Decision on Water Quality Standards for Chicago River|
|5/18/11||Durbin Raises Concerns with FDA About Melatonin in Baked Goods|
|5/17/11||Durbin Joins Four Other Senators in Asking for Investigation into Gasoline Price-Fixing|
|5/15/11||Flooding may thwart delays for FEMA maps; Durbin remains optimistic|
|5/12/11||Durbin: EPA Decision is an Important Opportunity to Make Chicago River Accessible for Generations to Come|
|5/12/11||Durbin, Lautenberg, Harkin Call Tobacco CEO Comments: "Reckless and Scientifically Inaccurate"|
|5/9/11||Durbin: Senate Bill Aims to End Joyride for Big Oil Companies as Gas Prices Hover Near Record Highs in Chicago|
|5/4/11||Durbin Holds Budget Hearing on SEC and CFTC|