Challenger – Charm

House of Representatives kills CFPB oversight of Big Tech payment apps

Cs news4 months ago04 mins

The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets. Editorial This content has been selected, created and edited by the Finextra editorial team…

US announced job cuts surge in March on Doge hit, recruitment firm Challenger says

Cs news4 months ago05 mins

WASHINGTON (Reuters) – Layoffs announced by U.S. employers surged in March to the highest level since the pandemic recession as the government purged federal workers and contractors to slash spending. Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts increased 60% to 275,240 last month, the highest level since May…