Displaying items by tag: finance

RALEIGH — A unanimous vote in the N.C. House means a "regulatory sandbox" bill is on its way to Gov. Roy Cooper. The new “sandbox” would waive certain obstacles for a trial period for fast-emerging financial and insurance products and services. 

Published in Local News
Thursday, 23 September 2021 11:52

OPINION: Biden's wrecking ball for financial privacy

The Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade. But previous catch-all financial reporting requirements have helped spur national disasters, complete with pervasive federal looting.

Published in Opinion

RALEIGH — A bill to establish a “regulatory sandbox” by waiving certain obstacles for a trial period for fast-emerging financial and insurance products and services is one step closer to becoming law. It cleared the Senate Commerce and Insurance Committee on Tuesday, Sep. 21.

Published in Local News

CHARLESTON, S.C. — Since joining REV in 2019, president and CEO Jason Lee has propelled the organization to new heights. Transitioning to a new name, strategic vision, and mission, under Lee’s leadership, REV has once again achieved another milestone. The credit union received merger approval from the National Credit Union Administration and members of North Carolina based Riegelwood Federal Credit Union and Hamlet Federal Credit Union, making REV a multi-state financial institution.

Published in Local News

RALEIGH — Effective Jan. 1, 2021, the contribution limit for North Carolina political campaigns will increase by $200, from $5,400 to $5,600. No individual or political committee may contribute more than $5,600 to a candidate committee or political committee in any election.

Published in Local News

ROCKINGHAM — The Richmond County Board of Commissioners managed to save the county $750,000 in interest on the 2009 school bond with approval of a plan to refinance the $7.25 million loan at a lower interest rate.  

Published in Local News

HAMLET — Drew Coleman always knew he was good with numbers and math, but it wasn’t until he took his first accounting class at Richmond Community College that it all clicked for him. His career path was clearly in accounting and finance.

Published in Lifestyle