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

Durbin: Ryan Plan Ends Medicare As We Know It
April 5, 2011

[WASHINGTON, DC] Assistant Senate Majority Leader Dick Durbin (D-IL) said on the floor of the United States Senate on April 5th, 2011, that the budget proposed by Congressman Ryan will decimate essential services like Medicaid and Medicare as well as harm the nation's economic recovery. Durbin, a member of the President?s bipartisan fiscal commission, has been working with Senators from both parties to develop a responsible plan for reducing our debts in the future while promoting desperately needed job creation now.

National Urban League Speech
March 30, 2011

[WASHINGTON, DC] Durbin spoke to the National Urban League on Wednesday, March 30th, 2011, and asked the organization to support the effort by the Obama Administration and members of Congress to protect students and taxpayers from abuses within the for-profit college industry. Acknowledging that many for-profit colleges are good actors and do important work, Durbin noted that the bad actors could cause us to repeat the mistakes of the subprime mortgage crisis by saddling a generation of young people with mountains of debt and worthless diplomas.



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