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.
|8/5/11||Durbin Statement on Agreement to Extend FAA Authorization|
|8/2/11||After Durbin Raises Concerns About Melatonin in Baked Goods, FDA Declares "Lazy Cakes" Unsafe|
|7/29/11||Durbin, Cochran Introduce Legislation to Help Organ Transplant Patients|
|7/29/11||Durbin, Kirk Ask Airlines to Put Consumers First|
|7/28/11||Durbin Asks Senate Committee to Delay Flood Insurance Purchase Requirement for Metro East Residents|
|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|