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.
|7/17/12||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|
|7/13/12||Senators Call for Plan to End Unreasonable Fees and Practices Associated with Some Campus Debit Card Programs|
|7/13/12||Durbin Asks the STB to Improve Amtrak On-Time-Performance|
|7/12/12||After For-Profit School Loses Regional Accreditation, Durbin Urges Increased Scrutiny og Ashord University|
|7/12/12||Durbin, Conyers: Corporations Must Put Workers and Retirees First in Bankruptcy|
|7/10/12||Durbin, Kirk: After Train Derailment FRA Must Do More to Ensure All Railroads Are Equipped to Deal with Excessive Weather Events|
|6/28/12||Durbin Statement on Supreme Court Decision Upholding the Affordable Care Act|
|6/12/12||Durbin Unveils 2013 Financial Services, General Government Appropriations Bill|
|6/11/12||Durbin, Reed, Welch to Banks: Time to End Egregious Fees on Campus Debit Cards|