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.
|10/12/10||Durbin Urges IRS to Investigate Spending by Crossroads GPS|
|10/12/10||Durbin Statement on TCF's Court Challenge of Interchange Law|
|9/15/10||Durbin Applauds Subcommittee Passage of Legislation to Restore Fairness in Student Lending|
|6/30/10||For-Profit Colleges and Federal Student Aid: Preventing Financial Abuses|
|6/28/10||Durbin Statement on Supreme Court Ruling on Chicago's Handgun Laws|
|6/22/10||Durbin Stresses Urgency of Federal Rail Safety|
|6/21/10||Durbin, Key House Conferees Reach Agreement on Interchange Fees|
|6/21/10||Durbin Joins Lawmakers in Calling for Government Review of For-Profit Colleges|
|6/21/10||Durbin: New Provisions of FDA Tobacco Law Will Save Lives, Protect Children|
|6/17/10||Durbin, Lautenberg Warn Tobacco Companies Not to Engage in Misleading Cigarette Advertising|