Santa Maria agents arrested for alleged real estate scheme
A Santa Maria real estate sales associate was arrested on five counts of grand theft for allegedly stealing more than $500,000 from Fannie Mae and Freddie Mac. Santa Barbara County District Attorney Joyce Dudley announced on Dec. 15 that Angelo Naemi allegedly conspired with Steven Gonzales to falsify documents regarding a number of short-sale transactions. Gonzales, owner Read More →
Lumps of coal for employers’ holiday stockings
By Jonathan Light There is great uncertainty about whether proposed federal wage and hour laws are going to be implemented in 2017, but there are plenty of other things to worry about on the employment law front in California. Regardless of the federal implementation, we won’t see much federal effect in California. Here are just Read More →
Proposed rules have consequences for wealth transfers
By John Ambrecht The IRS is changing estate and gift tax rules, possibly as soon as this month. If you currently have or think you will eventually have a total net estate worth more than $5.5 million for an individual or $10.9 million for a married couple, your taxes to transfer any business interests or Read More →
Regulation key to fintech’s future
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Regulatory agencies terminate Heritage Oaks Bancorp consent order
Heritage Oaks Bankcorp said Nov. 29 that state and federal regulatory agencies have terminated a consent order related to the Bank Secrecy Act and anti-money laundering programs at its Heritage Oaks Bank subsidiary. The Paso Robles-based bank is the largest in the region with $2 billion in assets. Heritage Oaks said the Federal Deposit Insurance Read More →
Government sued over offshore fracking in Santa Barbara Channel
Updated on Nov. 18 at 12 p.m.: The Center for Biological Diversity sued the federal government for permitting offshore fracking in the Santa Barbara Channel and along the California Coast, alleging that it did not perform a proper environmental assessment. The lawsuit, filed in federal court in Los Angeles on Nov. 15, seeks a court Read More →
Wage, break issues spur class action lawsuits
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