Release date: 12/21/2018 (RALEIGH) Attorney General Josh Stein today announced a $68 million, 40-state settlement with UBS for fraudulent conduct involving the manipulation of LIBOR (the London Interbank Offered Rate). LIBOR is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a far-reaching impact on global markets and consumers. “UBS made millions as […]
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Release date: 4/26/2018 (RALEIGH) Attorney General Josh Stein called on the Trump Administration to respect the Consumer Financial Protection Bureau’s (CFPB) investigative authority. Since its inception, the CFPB has issued civil investigative demands to companies and individuals who may be violating the law and taking advantage of consumers. Civil investigative demands are a critical law enforcement […]
Release date: 12/4/2018 (RALEIGH) Attorney General Josh Stein today announced that North Carolina has reached a $6 million settlement with Encore Capital Group, Inc. and its subsidiaries Midland Credit Management, Inc. and Midland Funding LLC, one of the nation’s largest debt buyers. This settlement was reached with 41 other states and the District of Columbia. North […]
Release date: 11/15/2018 (RALEIGH) Attorney General Josh Stein today announced that he has reached a settlement with Atrium Health as a result of the antitrust lawsuit the North Carolina Department of Justice and the U.S. Department of Justice filed in 2016. “As a result of this settlement, people will be able to purchase lower cost, […]
Release date: 11/1/2018 (RALEIGH) Attorney General Josh Stein today announced that he is urging the Environmental Protection Agency (EPA) to follow the law and keep the Clean Power Plan, the first nationwide limits on climate change pollution from existing fossil-fueled power plants. In extensive comments filed with EPA, Attorney General Stein and his colleagues across […]
Release date: 10/23/2018 (RALEIGH) Attorney General Josh Stein today led a coalition of 33 attorneys general calling on the Consumer Financial Protection Bureau (CFPB) and Acting Director Mick Mulvaney to continue protecting military servicemembers against predatory lenders under the Military Lending Act (MLA). The attorneys general urge the CFPB to reconsider its reported decision to […]
Release date: 5/8/2017 (RALEIGH) Attorney General Josh Stein announced today that the Department of Justice has resolved a lawsuit against predatory auto title lenders in North Carolina. Liquidation, LLC made illegal loans to more than 700 North Carolinians under many names and charged interest rates of 161 percent to 571 percent, which far exceed legal […]
Release date: 1/12/2017 (RALEIGH) Accelerated Receivables Management, Inc. (ARM), also known as Cutting Edge Collections, has demanded payment for alleged past due debt for medical testing from consumers who believed their testing had been covered by insurance or already paid. In many cases, consumers reported that ARM employees were harassing or threatening in the process, […]
Release date: 6/26/2018 (RALEIGH) Attorney General Josh Stein today took legal action to protect children by challenging the Trump administration’s policy of forced family separation on the U.S. southern border. “Like millions of North Carolinians, I watched in horror as the Trump administration stripped thousands of children away from their parents,” said Attorney General Josh […]
Release date: 5/21/2018 Lawsuits center on kickbacks and illegal marketing practices to sell a powerful fentanyl painkiller (RALEIGH) Attorney General Josh Stein moved to hold drug manufacturer Insys Therapeutics, Inc., responsible for its deceptive marketing and sales practices by intervening in two lawsuits accusing Insys of violating the Fair Claims Act. The schemes were used […]