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.
|2/25/11||Durbin Vows to Fight House Republican Prohibition on CPSC Database ?Putting Children and Consumers at Risk'|
|2/24/11||Durbin Statement on Decline in For-Profit College Enrollment|
|2/23/11||Durbin Announces More Than $1.4 Million in FEMA Grants to Illinois Fire Departments|
|2/23/11||Durbin Meets with Business Community to Discuss Efforts to Get America Back on Stable Financial Footing|
|2/22/11||Making College Affordable|
|2/18/11||Durbin Meets with Metra CEO to Discuss Impact of Drastic Federal Spending Cuts|
|2/15/11||Durbin, Lautenberg ask MLB Commissioner to Ban Tobacco Use|
|2/14/11||Durbin Continues to Set the Record Straight on Interchange Fees|
|2/9/11||Durbin Asks for Meeting With Consumer Product Safety Chairman to Discuss Faulty Pool Drain Covers|
|2/9/11||Durbin Statement on Administration Plan to Reform the Housing Market|