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.
|7/28/11||Durbin: Federal Government Unprepared for Growing Number of Extreme Weather Events|
|7/26/11||Durbin Announces Funding for Public-Private Partnership Aimed at Protecting the Great Lakes|
|7/21/11||Durbin Meets with Nominee to be First-ever Consumer Financial Protection Bureau Director|
|7/20/11||Metra will clear the air in its train cars|
|7/19/11||Durbin Seeks Explanation of Ventilation Issues at Union Station|
|7/13/11||Durbin Discusses Consumer Protection with Illinois Attorney General Lisa Madigan|
|7/13/11||Durbin Asks Committee to Include Federal Taxpayer Protections in Next Surface Transportation Bill|
|7/8/11||Illinois Lawmakers Ask Army Corps to Expedite Permit Process Ahead of Metro East Levees Meeting|
|7/7/11||Durbin and Kirk Announce $50 Million in DOT Funding for O'Hare Runway Construction|
|7/5/11||Durbin: Consumers need more information on dietary supplements|