North Carolina Democrats on the House Financial Services Committee introduced anti-predatory legislation that would likely win support among consumer advocates but not from mortgage industry participants that seek federal preemption of state laws. Reps. Brad Miller and Mel Watt introduced H.R. 3974, the “Prohibit Predatory Lending Act,” which they modeled after North Carolina’s high-cost home loan law. Enacted in July 1999, the state law is the first of its kind in the nation that