Looking Out for Consumers

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.

Related Videos

Creating Jobs and Providing Economic Certainty for America's Middle Class
December 19, 2013

During a press conference with Senate Democratic Leadership, U.S. Senator Dick Durbin (D-IL) discussed Senate Democrats? commitment to creating jobs and providing economic certainty for America?s middle class. Senator Durbin spoke on several issues including extending federal unemployment benefits, helping hardworking families tackle the burden of student loan debt, and raising the federal minimum wage. The first bill the Senate will consider when it returns in January will be an extension of unemployment benefits for those still struggling to get back on their feet.



Related Photos

Share this page:
Office Locations
  • WASHINGTON, D.C.
    711 Hart Senate Bldg.
    Washington, DC 20510
    9 am to 6 pm ET
    (202) 224-2152 - phone
    (202) 228-0400 - fax

  • CHICAGO
    230 S Dearborn St.
    Suite 3892
    Chicago, IL 60604
    8:30 am to 5 pm
    (312) 353-4952 - phone
    (312) 353-0150 - fax
  • SPRINGFIELD
    525 South 8th St.
    Springfield, IL 62703
    8:30 am to 5 pm
    (217) 492-4062 - phone
    (217) 492-4382 - fax

  • CARBONDALE
    250 W. Cherry Street
    Suite 115-D
    Carbondale, IL 62901
    8:30 am to 5 pm
    (618) 351-1122 - phone
    (618) 351-1124 - fax
  • ROCK ISLAND
    1504 Third Avenue
    Suite 227
    Rock Island, IL 61201
    8:30 am to 4:30 pm
    (309) 786-5173 - phone
    (309) 786-5404 - fax