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.
|7/8/09||Health Care Reform|
|7/8/09||Durbin Unveils 2010 Financial Services and General Government Appropriations Bill|
|7/2/09||Durbin: FAA Should Follow Recommendations to Mitigate Air Traffic Controller Fatigue|
|6/17/09||Durbin Statement on Plans for Financial Regulatory Reform|
|6/11/09||Durbin Statement on Passage of the Family Smoking Prevention and Tobacco Control Act|
|6/9/09||Durbin Moves to Bring Down Credit Card Costs|
|4/24/09||Durbin, Schumer, Kennedy Ask Treasury to Support Creation of a Financial Product Safety Commission|
|10/28/08||Durbin Statement on Final Approval of Long-awaited Internet Code of Conduct|
|8/4/08||Durbin Says Internet Giants Close To Agreement On Code Of Conduct|
|7/21/08||Durbin, Coburn Seek Update on Long-awaited Code of Conduct for Internet Giants|