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.
|9/18/12||Durbin Statement on Announcement That Chicago Public Schools Will Resume Classes on Wednesday|
|9/12/12||Durbin, Blumenthal Once Again Ask FDA to Address Their Energy Drink Concerns|
|9/10/12||Durbin Statement on Chicago Public Schools Teachers Strike|
|8/20/12||Durbin to Students and Parents: Beware Dramatic Differences Between Student Loan Options|
|8/1/12||Durbin Urges Support for Main Street Businesses at Hearing on Bipartisan Marketplace Fairness Act|
|7/27/12||Durbin Introduces Bill to Crack Down on Excessive Interest Rates and Fees|
|7/25/12||Durbin Meets with CSX CEO to Discuss Rail Safety|
|7/25/12||Durbin Announces $64,000 in Funding to Enhance Law Enforcement Capabilities in Joliet|
|7/17/12||Durbin Chairs Hearing on Safety and Effectiveness of Flame Retardant Chemicals|
|7/16/12||Durbin, Kirk: FRA Takes Action to Increase Track Safety During Extreme Weather Events|