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.
|12/2/13||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|
|11/14/13||Senators Question Energy Drink Manufacturer Over Toys Featuring Rockstar Energy Logo|
|11/13/13||Durbin-Kirk Bill to Protect Schoolchildren with Allergies Signed Into Law by President Obama|
|11/12/13||Senators Urge USTR to Safeguard Tobacco Control Measures and Protect Public Health in Trade Agreement|
|10/31/13||Durbin to Farm Bill Negotiators: Now Is Not the Time to Further Cut Food Assistance for Hard-Working Illinoisans|
|10/31/13||Durbin, Kirk Bill to Protect School Children with Allergies Passes United States Senate|
|10/30/13||Senate Veterans Affairs Committee Advances Durbin-Sponsored Legislation to Expan Student Loan and Housing Assistance for Servicemembers|