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.
|12/13/13||Durbin Introduces Legislation to Ensure All Foreign Medical Schools are Held to Same Standards|
|12/11/13||Durbin Announces More Than $3.3 Million for Illinois Health Centers to Expand Healthcare Enrollment Assistance|
|12/11/13||Durbin, Warren, Boxer, Reed Introduce Student Loan Borrower Bill of Rights|
|12/5/13||Durbin Asks Metra to Clarify Position on New Safety System|
|12/3/13||Durbin Statement on the CFPB's Announcement It Will Begin Overseeing Nonbank Student Loan Servicers|
|12/3/13||Durbin Introduces Student Loan Borrower Bill of Rights|
|12/2/13||Durbin Statement on Supreme Court Decision Not to Consider Online Sales Tax Collection Case|
|12/2/13||Durbin: Healthcare.gov Working Better for Illinois Families|
|11/14/13||Durbin: No Need for Legislation on Cancelled Plans; Administrative Fix Sensible and Addresses the Problem|
|11/14/13||Durbin, Franken Introduce Legislation to Help Make College Textbooks More Affordable|