Attorney General

Republicans in the North Carolina Senate have proposed a $20.6 billion budget for next year.  That’s essentially the same size as Governor Pat McCrory’s proposal. Spending in major categories would be mostly flat except for health and human services and natural and economic resources.  However, Medicaid spending would grow 11 percent compared to this year. 

The Senate’s Plan For Education

Murders from domestic violence jumped by 15 percent last year in North Carolina, according to an annual report from the state’s Department of Justice.

BofA Shines In Mortgage Settlement Status Update

Nov 19, 2012
Office of Mortgage Settlement Oversight

The nation's five largest mortgage servicers – including Bank of America and Wells Fargo – have so far provided more than $20 billion in homeowner relief under a settlement with state attorneys general. Bank of America shows well in the latest report.

The last status report in August had a big zero for the number of mortgages modified or partially forgiven by Bank of America under the settlement. The Charlotte-based bank now leads the other four banks, in those categories with around $3.7 billion in homeowner debts written off.

The North Carolina Supreme Court will hear a case Tuesday claiming Duke Energy's latest rate hike is harmful to customers and should not have been granted. Attorney General Roy Cooper hopes the high court will strike down Duke's rate hike and change the way future increases are approved by regulators. 

Duke Energy originally asked for permission to raise rates for the average household by 17%, but regulators agreed to just 7%.

Even at that lower rate, Duke managed to lock in a 10.5% profit for shareholders, which is where Attorney General Roy Cooper takes issue.

Charlotte Companies Sued For Foreclosure Fraud

Sep 26, 2012

The North Carolina Attorney General’s office filed a lawsuit against three mortgage loan modification companies on Friday. Two of the three companies are based in Charlotte.

According to the lawsuit, one of the companies, Community Mortgage Assistance Program, charged customers up to $1,500 in advance. 

Koy Chiu is executive director of the company. On her website, Chiu advertises: “TIRED OF MODIFICATION SCAMS?! KNOWLEDGE IS POWER! SAVE YOUR HOME TODAY!”.