- Associated Press - Tuesday, April 7, 2015

RALEIGH, N.C. (AP) - The North Carolina General Assembly’s longest-serving lawmaker has lost in court with a big bank over some credit card debt.

The state Court of Appeals upheld Tuesday a trial judge’s rulings that Democratic Rep. Mickey Michaux of Durham was liable for more than $15,000 to Citibank, which holds his Sears card account.

Michaux argued he doesn’t owe all the interest on his balance because he never received new contract terms when Citibank acquired the Sears portfolio 12 years ago.

The panel unanimously agreed with the lower court decisions, pointing out Michaux in 2008 contacted Citibank and negotiated a special payment plan at reduced interest. The ruling said Michaux made payments for a year, then defaulted.

Michaux first joined the House in 1973 and has served continuously since 1985.

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