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.
|1/11/11||Durbin, Kirk Announce Release of New U.S. EPA Guidelines for Monitoring Chromium 6 in Drinking Water|
|1/11/11||Durbin: Illinois Commerce Commission Will Post CN Agreements With Illinois Communities|
|1/4/11||Durbin's Food Safety Bill Signed Into Law|
|1/4/11||Durbin's Food Safety Legislation To Be Signed Into Law by the President Today|
|1/3/11||Durbin Celebrates President's Signing of 9/11 First Responders Bill|
|12/23/10||Durbin Asks Treasury, Consumer Financial Protection Bureau to Protect Consumers from Deceptive Banking Practices, Prepaid Cards|
|12/22/10||Durbin Commends EPA for Swift Action on Chromium-6 Report|
|12/21/10||Durbin Food Safety Bill Passes House, Goes to President for Signature|
|12/21/10||Durbin Asks for Increased Transparency in Light of Unprecedented $250,000 Fine Issued Against CN for Violations|
|12/16/10||Durbin Statement on Release of Proposed Interchange Rule|