The bill we have before us here--that Senator Dodd and the Banking Committee brought forward--has the strongest consumer financial protection law in the history of the United States. It has an agency with independent authority to protect Americans, but more importantly to empower Americans to make the right decisions when they are taking out a mortgage, a loan for a car, a home loan or a student loan. What the Republicans are suggesting in the Shelby amendment is to go back to the old days when there was no protection, there was no authority. So I ask the Senator: In your State, in your experience, as you look at this, if the Republicans have their way and move us back to the old days when it comes to this consumer empowerment, consumer protection, don't we run the risk of falling into another economic crisis, losing millions more jobs across America?
Editor's note · Context
Senator Durbin discusses consumer financial protection in relation to a Republican amendment.
Share
More from Dick Durbin
The Trump administration has not provided transparency into the use of federal funds for the East Wing project, and they have limited congressional oversight, meaningful public input, and adherence to established federal processes.
“The highest court in the land shouldn’t have the lowest ethical standards. Public trust in the Supreme Court remains near historic lows, and every story of a luxury gift or questionable failure to recuse contributes to it. The American…
We want to be clear: Democrats and Republicans did not work together to appropriate funds for AHRQ as a gentle suggestion for the Department to follow at their discretion or leisure.





