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.
|6/11/11||Durbin leads cap on bank debit card transaction charges|
|6/10/11||Durbin, Local Business Owners Call for Prompt Federal Reserve Action on Swipe Fee Regulations|
|6/4/11||Cleaning up Illinois Rivers|
|6/4/11||Durbin hears about need to support food programs during stop at Boys & Girls Club of Decatur|
|6/2/11||Durbin Statement on Education Department's Gainful Employment Rule|
|5/31/11||Durbin in Q-C: We'll win fight to keep Arsenal manufacturing|
|5/29/11||Allies step up for RI Arsenal|
|5/27/11||Durbin Urges Quick Action After CPSC Recalls Hazardous Pool Drain Covers|
|5/26/11||Durbin, Cohen and Others Introduce Legislation to Restore Fairness in Student Lending|
|5/25/11||County Board member talks DuPage cleanup with Obama|