Washington, DC - U.S. Senator Kay Hagan, a member of the Senate Banking Committee, released the following statement on the re-nomination of Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB):

"I'm pleased that Mr. Cordray will continue to lead the CFPB to protect middle-class families and service members in North Carolina. Under his leadership, CFPB held public events in North Carolina to hear from consumers, and its Office of Servicemember Affairs has educated military families about predatory lenders and some for-profit schools that deceptively target members of the military and veterans."

"None of these efforts to help North Carolinians would have been possible without a strong director, and Mr. Cordray has been an effective advocate for consumers. I encourage my colleagues to join me in supporting Mr. Cordray's confirmation so that he may continue to provide a voice for middle-class families and military men and women in North Carolina and around the country."