Latest news with #REGO
Yahoo
6 days ago
- Business
- Yahoo
Rego Payment Architectures, Inc. and Aambé Financial Announce Partnership to Expand Financial Inclusion Across Indian Country
Strategic alliance brings REGO's family banking platform to all 574 federally recognized tribes, with 6 million members (not including spouses and children), starting with its youth banking product and expanding into elder care and fractional investing BLUE BELL, Pa., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. ('REGO') (OTCQB: RPMT), the leading white-label family financial lifecycle solution platform, today announced a strategic partnership with Aambé Financial to bring REGO's generational banking tools to tribal nations across the United States. Aambé Financial, a Native-led organization rooted in economic empowerment, will work with REGO to introduce its youth banking, elder financial care, and fractional investment offerings to tribal governments, enterprises, and families. This alliance reflects a shared commitment to advancing financial equity, cultural relevance, and intergenerational wealth within Indian Country. The partnership will begin with REGO's youth banking product, which enables children to earn, save, spend, and give with parental oversight in a secure, compliant environment. Designed to support financial literacy and family engagement, the platform is certified to be COPPA-compliant, making it uniquely suited to serve minors safely and responsibly. Future phases of the rollout will introduce REGO's senior financial management and fractional investing modules, which are designed to support caregivers, elders, and first-time investors with appropriate controls and flexible access. 'Bringing REGO into Indian Country is more than a technology solution. It is a step toward generational transformation,' said Ron Spoerl, President and CEO of Aambé Financial. 'We are proud to be the bridge that makes this possible, grounded in trust, tradition, and a bold vision for the future.' 'We believe banking should serve the entire family, including children, elders, and everyone in between,' said Peter S. Pelullo, CEO of REGO. 'Our partnership with Aambé Financial also illustrates the growing demand and need for our unique white-label family financial lifecycle platform as we expand our outreach into the non-financial institution sector of the marketplace.' Together, REGO and Aambé Financial offer a community-focused and scalable platform. This partnership empowers tribal communities to safeguard family finances, build wealth across generations, and take control of their financial futures. About Aambé Financial Aambé Financial is a Native-led organization dedicated to driving sustainable tribal economic development. Rooted in advocacy, education, and empowerment, Aambé works across finance, health, and cultural sectors to uplift Indigenous communities and their surrounding regions. For more information, please visit About REGO Rego Payment Architectures, Inc. (OTCQB: RPMT) is the leading white-label family financial lifecycle platform, helping financial institutions securely serve the financial needs of all generations, from children to elderly adults. REGO's certified COPPA and GDPR-compliant platform enables banks, credit unions, and fintechs to offer youth banking and senior financial management tools in their own brand. With REGO, institutions can drive deposits, build long-term relationships, and empower caregivers with oversight and protection tools designed for today's complex financial world. Learn more at Safe Harbor Statement: The information in this press release may contain forward-looking statements on REGO's current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions about REGO that may cause the actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from REGO's expectations include, but are not limited to: REGO's ability to raise additional capital, the absence of any material operational history or revenue, REGO's ability to attract and retain qualified personnel, the ability to develop and introduce a new service and products to the market in a timely manner, market acceptance of REGO's services and products, REGO's limited experience in the industry, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, unexpected network interruptions or security breaches, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other risks as described by REGO in Item 1.A 'Risk Factors' in REGO's most recent Form 10-K; other risks to which REGO is subject; other factors beyond REGO's control. All subsequent written and oral forward-looking statements attributable to REGO, or persons acting on REGO's behalf, are expressly qualified in their entirety by the foregoing. REGO has no obligation to and does not undertake to update, revise, or correct any of these forward-looking statements after the date of this report. Media Contact: Pawan MurthyChief Marketing OfficerRego Payment Architectures,
South Wales Guardian
24-04-2025
- Business
- South Wales Guardian
Council's renewable energy achievements in Carmarthenshire
The council has installed 66 solar photovoltaic (PV) projects since its first installation at Ysgol Maes y Gwendraeth in 2011, generating a total of 1,644,000 kWh annually. Solar thermal systems have also been installed at three schools, Ysgol Dyffryn Aman, Ysgol Maes y Gwendraeth, and Ysgol Gynradd Tycroes, to pre-heat domestic hot water and reduce fossil fuel use. The council has extended its renewable energy efforts to its industrial estate, with Trostre Depot hosting a 49kW solar array and the new Parc Gelli Werdd, a carbon-neutral development at Cross Hands East, featuring a 62kW solar PV array. Additionally, 125 council-owned homes across the county have been fitted with solar panels. These efforts are part of initiatives like the Re:Fit Cymru framework, which sees the council installing renewable energy systems as part of a holistic approach to decarbonising its buildings. The council has committed to using renewable energy to help mitigate climate change, with 100 per cent of the electricity it purchases sourced from renewable energy within Wales and verified by Renewable Energy Guarantees of Origin (REGO) certificates. As part of its long-term strategy, the council is committed to replacing all corporate fossil fuel use with energy derived from renewable sources. This supports its net zero carbon targets and aligns with the Welsh Government's ambition for 100 per cent renewable energy by 2035. Carmarthenshire's Local Area Energy Plan estimates that by 2050, the county could generate 2,860 GWh of renewable energy, exceeding the expected demand of 2,000 GWh. Councillor Aled Vaughan Owen, cabinet member for climate change, decarbonisation, and sustainability, said: "Earth Day is an opportunity to reflect on the steps we're taking to create a cleaner and greener county. "As a local authority, we're committed to making real changes, from reducing carbon emissions to promoting renewable energy. "Every action, big or small, contributes to a more sustainable future for us all." This year's Earth Day theme is 'Our Power, Our Planet', honouring the benefits of renewable energy. More information about the council's sustainability efforts can be found on the Carmarthenshire County Council website.
Yahoo
07-02-2025
- Business
- Yahoo
U.S. government spending items have always been searchable. Why this time is different.
It took more than eight years for former Clinton administration adviser Elaine Kamarck to cut approximately 426,000 jobs, 16,000 pages and $136 billion — in 1990s dollars — from the federal government. So Kamarck, who ran the first phase of President Bill Clinton's Reforming Government ('REGO') effort, understands the impulse to scrutinize the extent of Washington's spending excesses — and that it can be addressed. Yet Kamarck, now a senior fellow at the Brookings Institution, told NBC News that while the 'slash and burn' approach currently being taken by Elon Musk's Department of Government Efficiency can work in Silicon Valley, it can cost actual lives when used to implement changes in government outlays. 'If you apply that same slash and burn to air traffic control, or slash and burn to CDC investigating food poisonings, guess what: People die,' Kamarck said. 'It's a big f-----g deal. It's a completely different level of risk.' Over the past week or so, Musk and his DOGE team have ignited a firestorm by highlighting — sometimes in false, misleading, or erroneous ways — government spending that may have come as a surprise to the American public. Reforming federal spending remains a perennial topic of Washington discourse, and a galaxy of agencies, think tanks and NGOs are dedicated to rooting out perceived bureaucratic excesses in the government's $7 trillion annual budget. Notably, the information DOGE has surfaced was already available to the public. For more than a decade, a digital tool, has been accessible to anyone who wants to learn, in surprisingly granular detail, most of what the U.S. government was spending money on, and in what amounts. Yet the political environment is such that the Musk-led DOGE team now feels emboldened to push through radical changes, arguing that the end justifies the means. 'Although it is a humorous name, ironically I think DOGE will have a very serious and significant impact on government waste and fraud and abuse — which is really astonishing,' Musk said in a recent audio-only event on X, his social media platform. In addition to showing federal agencies' payments for news sites subscriptions — information that DOGE has caused to go viral with deceptive context — the site shows the largest individual government expenditures over the past 12 months. These include approximately $50 billion to health care group Humana, which helps run the military's TRICARE health program; roughly $50 billion to Lockheed Martin; about $38 billion to a group that manages Oak Ridge National Laboratory; approximately $36 billion to the Lawrence Livermore National Laboratory; and the group that manages Los Alamos National Laboratory. The laboratories alone focus much of their research on energy and national security solutions. Few would call the necessity of those programs into question. Indeed, Musk and DOGE have set their initial sights instead on USAID, a relatively obscure agency that provides critical funding for programs abroad and whose budget accounts for approximately 1% of all government expenditures. As Musk brings to light examples of spending at USAID that may not have relevance to most Americans' daily lives, the effort, so far, seems to belie his goal of finding trillions of dollars in federal savings — though he has indicated the DOGE mission is only just getting started. Kamarck said it is clear the DOGE team has started off looking for 'quick wins' — not least because Trump has just four years left in office. But, he said, using databases to find specific funding elements to cut may not ultimately yield much. Kamarck said a better target would be Medicare and Medicaid spending, which has historically been riddled with fraud, she said. (DOGE employees have reportedly become embedded in the Centers for Medicare & Medicaid Services.) Most federal agencies, including USAID, have employed an inspector general tasked with rooting out waste and malfeasance. There are other checks, too: Since its establishment in 2007, the Department of Health and Human Services' Medicare Fraud Strike Force has clawed back more than $4 billion in payments while filing nearly 3,500 criminal indictments. Yet Trump appears to have viewed many inspectors general as ineffective at best, having fired 18 of them within days of taking office, including at the Health and Human Services Department. DOGE's methods may also be breaking laws. Courts have begun imposing injunctions on some of the DOGE efforts. The White House asserts Musk has abided by 'all applicable laws' while exercising a maximalist view of the powers of the executive branch. 'Let me just start by saying that DOGE was a promise that President Trump campaigned on,' White House press secretary Karoline Leavitt said this week. 'He campaigned alongside Elon Musk and was very vocal about the fact that he would be appointing Elon — or tasking Elon — with this very important role of putting together the Department of Government Efficiency.' DOGE has drawn the ire of Democrats. Late Wednesday, Sen. Mark Warner, D-Va., gave a floor speech applauding any effort to examine spending profligacy while decrying the DOGE approach. He pointed out that his DATA Act, passed in 2014, established the first-ever way to track every dollar of U.S. government spending online via 'If there's ways to save spending, count me in,' Warner said. But he said he opposed giving DOGE employees access to sensitive personal information, as well as the ability to potentially alter previously apportioned payments themselves. 'Why would you give someone — a coder — the potential keys to the kingdom of the United States Treasury?' he asked. Maya MacGuineas, the president of the bipartisan nonprofit Committee for a Responsible Federal Budget, says she has some sympathy for what the DOGE team is trying to do. 'You just sometimes want to shake the federal branch and say, 'You've got to do some disrupting here,'' she said. But when it comes to disrupting systems in ways that could impact people's lives, MacGuineas said the DOGE team needs 'very different delivery systems.' She said that what they are doing now is taking 'a private-sector approach to public goods.' 'That's absolutely the wrong approach.' This article was originally published on
NBC News
07-02-2025
- Business
- NBC News
U.S. government spending items have always been searchable. Why this time is different.
It took more than eight years for former Clinton administration adviser Elaine Kamarck to cut approximately 426,000 jobs, 16,000 pages and $136 billion — in 1990s dollars — from the federal government. So Kamarck, who ran the first phase of President Bill Clinton's Reforming Government (' REGO ') effort, understands the impulse to scrutinize the extent of Washington's spending excesses — and that it can be addressed. Yet Kamarck, now a senior fellow at the Brookings Institution, told NBC News that while the 'slash and burn' approach currently being taken by Elon Musk's Department of Government Efficiency can work in Silicon Valley, it can cost actual lives when used to implement changes in government outlays. 'If you apply that same slash and burn to air traffic control, or slash and burn to CDC investigating food poisonings, guess what: People die,' Kamarck said. 'It's a big f-----g deal. It's a completely different level of risk.' Over the past week or so, Musk and his DOGE team have ignited a firestorm by highlighting — sometimes in false, misleading, or erroneous ways — government spending that may have come as a surprise to the American public. Reforming federal spending remains a perennial topic of Washington discourse, and a galaxy of agencies, think tanks and NGOs are dedicated to rooting out perceived bureaucratic excesses in the government's $7 trillion annual budget. Notably, the information DOGE has surfaced was already available to the public. For more than a decade, a digital tool, has been accessible to anyone who wants to learn, in surprisingly granular detail, most of what the U.S. government was spending money on, and in what amounts. Yet the political environment is such that the Musk-led DOGE team now feels emboldened to push through radical changes, arguing that the end justifies the means. 'Although it is a humorous name, ironically I think DOGE will have a very serious and significant impact on government waste and fraud and abuse — which is really astonishing,' Musk said in a recent audio-only event on X, his social media platform. In addition to showing federal agencies' payments for news sites subscriptions — information that DOGE has caused to go viral with deceptive context — the site shows the largest individual government expenditures over the past 12 months. These include approximately $50 billion to health care group Humana, which helps run the military's TRICARE health program; roughly $50 billion to Lockheed Martin; about $38 billion to a group that manages Oak Ridge National Laboratory; approximately $36 billion to the Lawrence Livermore National Laboratory; and the group that manages Los Alamos National Laboratory. The laboratories alone focus much of their research on energy and national security solutions. Few would call the necessity of those programs into question. Indeed, Musk and DOGE have set their initial sights instead on USAID, a relatively obscure agency that provides critical funding for programs abroad and whose budget accounts for approximately 1% of all government expenditures. As Musk brings to light examples of spending at USAID that may not have relevance to most Americans' daily lives, the effort, so far, seems to belie his goal of finding trillions of dollars in federal savings — though he has indicated the DOGE mission is only just getting started. Kamarck said it is clear the DOGE team has started off looking for 'quick wins' — not least because Trump has just four years left in office. But, he said, using databases to find specific funding elements to cut may not ultimately yield much. Kamarck said a better target would be Medicare and Medicaid spending, which has historically been riddled with fraud, she said. (DOGE employees have reportedly become embedded in the Centers for Medicare & Medicaid Services.) Most federal agencies, including USAID, have employed an inspector general tasked with rooting out waste and malfeasance. There are other checks, too: Since its establishment in 2007, the Department of Health and Human Services' Medicare Fraud Strike Force has clawed back more than $4 billion in payments while filing nearly 3,500 criminal indictments. Yet Trump appears to have viewed many inspectors general as ineffective at best, having fired 18 of them within days of taking office, including at the Health and Human Services Department. DOGE's methods may also be breaking laws. Courts have begun imposing injunctions on some of the DOGE efforts. The White House asserts Musk has abided by 'all applicable laws' while exercising a maximalist view of the powers of the executive branch. 'Let me just start by saying that DOGE was a promise that President Trump campaigned on,' White House press secretary Karoline Leavitt said this week. 'He campaigned alongside Elon Musk and was very vocal about the fact that he would be appointing Elon — or tasking Elon — with this very important role of putting together the Department of Government Efficiency.' DOGE has drawn the ire of Democrats. Late Wednesday, Sen. Mark Warner, D-Va., gave a floor speech applauding any effort to examine spending profligacy while decrying the DOGE approach. He pointed out that his DATA Act, passed in 2014, established the first-ever way to track every dollar of U.S. government spending online via 'If there's ways to save spending, count me in,' Warner said. But he said he opposed giving DOGE employees access to sensitive personal information, as well as the ability to potentially alter previously apportioned payments themselves. 'Why would you give someone — a coder — the potential keys to the kingdom of the United States Treasury?' he asked. Maya MacGuineas, the president of the bipartisan nonprofit Committee for a Responsible Federal Budget, says she has some sympathy for what the DOGE team is trying to do. 'You just sometimes want to shake the federal branch and say, 'You've got to do some disrupting here,'' she said. But when it comes to disrupting systems in ways that could impact people's lives, MacGuineas said the DOGE team needs 'very different delivery systems.' She said that what they are doing now is taking 'a private-sector approach to public goods.' 'That's absolutely the wrong approach.'
