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.
|6/7/12||Durbin, Miller Urge Examination of Student Debit Card Practices|
|5/30/12||Durbin Pledges to Work to End Campus Debit Card Fees that Send Taxpayer Funds Directly to Banks|
|5/23/12||Durbin: FDA Should Be Better Equipped to Respond to Dietary Supplement Safety Concerns|
|5/14/12||Durbin Calls for Passage of Safe Chemicals Act|
|5/10/12||Durbin, Lautenberg, Blumenthal Introduce Legislation to Close Tobacco Tax Loopholes|
|5/9/12||Durbin Chairs Hearing on FCC Budget|
|5/2/12||Senators Respond to New Data on Tobacco Tax Loophole|
|4/27/12||Durbin, Lautenberg Announce Committee Approval of Provision to Encourage FDA Ban on Flavored Cigars|
|4/27/12||Durbin Calls on CFPB to Warn All Students About For-Profit College Industry Bad Actors|
|4/25/12||Durbin: Congress Must Take Action to Prevent Interest Rates on Federal Student Loans from Doubling|