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.
|6/12/13||Durbin Praises Northern Illinois University at Senate Hearing Examining For-Profit Colleges & DOD Education Programs|
|5/15/13||Durbin, Senators Introduce Fully Paid for Legislation to Prevent Student Loan Rate Hike|
|5/6/13||Durbin: Majority of Senate Stood Up for Main Street Businesses Today|
|5/6/13||Durbin, Maloney Introduce Family and Medical Leave Inclusion Act|
|5/2/13||Durbin: Court Ruling Will Clear the Air for Amtrak and Metra Passengers at Union Station|
|5/1/13||Durbin, Enyart to Students and Parents: Beware Dramatic Differences Between Student Loan Options|
|4/26/13||Senators Durbin, Lautenberg, Harkin, and Blumenthal Introduce Legislation to Stop Tobacco Smuggling, Close Tobacco Tax Loopholes, and Increase Federal Tobacco Taxes|
|4/16/13||Senators Call on FDA to Restrict the Sale, Distribution, and Marketing of E-Cigarettes|
|4/9/13||Senate Democrats Crack Down on Excessive Interest Rates and Fees|
|3/27/13||Durbin Meets with Law Enforcement Leaders to Discuss Gun Violence in East St. Louis|