Today is Monday, 18th November 2024

NC: AG Says U.S. Predator Loan Bill Will Hurt State

N.C. Attorney General Roy Cooper is urging Sens. Elizabeth Dole and Richard Burr to strengthen a pending mortgage reform bill that he says could weaken protections already in place in North Carolina.

The Mortgage Reform and Anti-Predatory Lending Act of 2007, which has passed the U.S. House, is based on landmark N.C. legislation but doesn’t go as far as the state’s 1999 law, Cooper argues

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