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.
|2/14/11||Durbin Continues to Set the Record Straight on Interchange Fees|
|2/9/11||Durbin Asks for Meeting With Consumer Product Safety Chairman to Discuss Faulty Pool Drain Covers|
|2/9/11||Durbin Statement on Administration Plan to Reform the Housing Market|
|2/8/11||Senators Call on VA to Stop Dragging Its Feet in Getting Family Caregivers Critical Benefits|
|2/8/11||Illinois and Missouri Delegation Members Press VA on Quality Control at John Cochran VAMC|
|2/4/11||Durbin and Kirk Express Support for Chicago Area Resident to be ATF Director|
|2/3/11||Durbin Announces More Than $1.45 Million in FEMA Grants to Illinois Fire Departments|
|2/2/11||Durbin Chairs Hearing on the Constitutionality of the Health Care Law|
|2/1/11||Durbin Calls on College and University Heads to be "Better Stewards of Taxpayer Dollars"|
|2/1/11||National Association of Independent Colleges and Universities|