Attorney General

Local News
7:24 pm
Mon May 20, 2013

North Carolina Senate Begins Discussing $20.6 Billion Spending Plan

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

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Local News
6:10 pm
Tue April 9, 2013

Domestic Violence Murders Jump In 2012

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.


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Local News
3:58 pm
Mon November 19, 2012

BofA Shines In Mortgage Settlement Status Update

Former NC Commissioner of Banks Joseph Smith was appointed to monitor the mortgage settlement.
Credit 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.

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Local News
5:06 pm
Mon November 12, 2012

Duke Rate Hike Case Set To Go Before NC High Court

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.

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Business
11:59 am
Wed September 26, 2012

Charlotte Companies Sued For Foreclosure Fraud

Two Charlotte-based foreclosure assistance companies, Community Mortgage Assistance Program and Lender Exchange were sued by North Carolina Attorney General Roy Cooper for foreclosure fraud.

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!”.

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