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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Companies sue Brooks Institute owner over pay
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Proposition 61 will not cure sky high drug prices
Proposition 61 goes before California voters in just a few weeks. And as the Business Times reported on Oct. 14, Amgen, the Thousand Oaks-based biotech giant, along with other major drug companies, is spending millions to oppose Proposition 61 and its plan to control drug prices. Proponents promote the David vs. Goliath aspect of their Read More →
