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.
|3/14/11||Durbin Asks 60 Accrediting Agencies for Explanation of Standards They Use to Ensure Quality at Colleges and Universities|
|3/13/11||Durbin: $4 Gas Prices are a Wake-Up Call for Nation|
|3/11/11||Durbin, Schakowsky Introduce Bill Requiring HHS to Negotiate Drug Pricing in Medicare Part D|
|3/10/11||Durbin Responds to OCC Chief on Interchange, Meets with Small Business About Benefits of Reform|
|3/10/11||Durbin Statement on HELP Committee Hearing Investigating For-Profit Colleges|
|3/9/11||Durbin asks Department of Defense to Step up Efforts to Protect Servicemembers from Poor-Performing Colleges and Abusive Recruiting|
|3/9/11||Durbin Calls on VA to Take More Aggressive Steps to Identify Colleges Abusing the GI Bill Program|
|3/9/11||Durbin Meets With Champaign County First to Discuss Local Priorities|
|3/8/11||Durbin Op-Ed: College Tuition Tax Credit Offers up to $2,500 Per Year|
|3/8/11||College Tuition Tax Credit Offers Up To $2,500 per Year|