Dick Durbin Quotes

For a long time, there had been no organization dedicated solely to going to toe-to-toe with the financial industry, on any issue, no matter how complex or obscure. That’s what we do

Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.

We've got to make greedy banks pass on interest rate cuts in full, and we've got to see rents coming down.

After all, Wall Street is clearly the most powerful lobbying force on Capitol Hill. From 1998 through 2008, the financial sector spent over $5 billion in lobbying and campaign contributions to deregulate Wall Street.

We need to repeal and replace Dodd-Frank. We need to make America fair again for all businesses, but especially those being run by small business owners.

Financial regulatory reform is one of the top legislative priorities of the Obama Administration.

The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure, and protect American families.

It’s a battle in which the Wall Street lobbying and public-relations machine will have a decisive advantage…. With the regulators, you don’t have to win. You just have to gum them up. And that is exactly what Wall Street has done.

The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.

Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.

There are elements of Dodd-Frank that clearly need to be curtailed.

Wall Street's biggest fight with Obama was over the Dodd-Frank Wall Street Reform and Consumer Protection Act, which Obama signed into law in the summer of 2010.

Dodd-Frank represents the greatest regulatory burden on our economy, more so than all the other Obama-era regulations combined.

I have been working hard trying to implement Dodd-Frank reforms. We went through a terrible crisis in 2008. Many people lost their homes.

I would drastically revise much of the Dodd-Frank financial-reform legislation, which I call the 'Bureaucrat Full Employment Act.'

Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses.

The administration will look at Glass-Steagall and what I referred to as the 21st-century Glass-Steagall as part of regulatory reform.

We could repeal Dodd-Frank. I think that would be a big help.

In the wake of the 2008 recession, Congress and the Obama Administration rightly focused financial regulation on protecting the nation's financial system from itself.

The few effective provisions of Dodd-Frank are masked by its many flaws - flaws that have been and will continue to be detrimental to the American economy and our financial future if not reversed.

There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.

After Dodd-Frank, the big banks were bigger. The small banks are fewer.

The Federal Communications Commission needs to listen and serve the American people, not special interests.

Congressman Watt has a long history of advocating against predatory lending and the mortgage practices that caused millions of families to lose their homes.

I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.