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.
|7/31/13||Durbin: Swipe Fee Ruling a Victory for Consumers, Small Businesses|
|7/31/13||Durbin to Raise Concerns Over Energy Drinks at Commerce Committee Hearing|
|7/30/13||Durbin, Duckworth: Change Needed to Help Servicemembers with Student Loan Assistance Programs|
|7/30/13||Durbin Raises Concerns Regarding Safety of Dietary Supplements on Senate Floor|
|7/26/13||Durbin, Welch Write to Bernanke on Interchange Fees|
|7/24/13||Durbin Statement on Passage of Bill to Lower Rates for All Students|
|7/18/13||Bipartisan Group of Senators Reach Deal to Lower Rates for All Students|
|6/19/13||Durbin, Blumenthal, Markey: AMA's Call for Ban on Marketing to Teens Should be Heeded by Energy Drink Companies|
|6/12/13||Durbin Praises Northern Illinois University at Senate Hearing Examining For-Profit Colleges & DOD Education Programs|
|5/15/13||Durbin, Senators Introduce Fully Paid for Legislation to Prevent Student Loan Rate Hike|