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The Consumer Financial Protection Bureau reportedly sent termination notes to dozens of employees late Tuesday Feb. 11 .Most of the affected staff were on probationary status 鈥?meaning they were in a trial period after starting a new government position 鈥?and several had already accepted federal buyout offers, CNBC reported Wednesday Feb. 12 , citing unnamed sources.The CFPB did not immediately reply to PYMNTS request for comment.There may be layoffs coming across governmen <a href=https://www.stanley-germany.de>stanley de t agencies, as the Office of Personnel Management sought lists of all recently hired workers because they are easiest to terminate, the report said.The CFPBs headquarters remained closed Wednesday after acting CFPB director Russell Vought told employees to stop working, according to the report.Before the job cuts, the agency had about 1,700 employees, per the report.While the agency faces an uncertain future, President Donald Trump named a new CFPB director Wednesday.According to multiple published reports, Trumps pick for the role is Jonathan McKernan, who was until Monday Feb. 10 a director on the board of t
gourde stanley he Federal Deposit Insurance Corp. FDIC .See also:聽Who Are Trumps Picks to Lead Financial Regulators McKernan said in a Monday post on social platform X that he stepped down from his position on the FDIC board because his term expired and, with the new acting comptroller, there would have been more Republicans on the board than permitted by law.It has been a gr
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Barclays has divested its portfolio of physical prepaid cards in the U.K., selling the assets to Prepaid Financial Services PFS , PFS said in a press release Wednesday March 6 .PFS took on the corporate and payroll prepaid card assets from Barclays and integrated the portfolio into its own platform earlier this year, the company noted. In a statement, PFS CEO Noel Moran said the acquisition will enable the company to enhance its offering to corporate customers using corporate prepaid cards and payroll card solutions.We are working hard to achieve a seamless migration for clients of Barclays, Moran said, noting that Barclays prepaid card customers in the U.K. will be shifted to the PFS platform. The de <a href=https://www.stanleycup.pl>stanley polska al will enable PFS to offer an enh
stanley kubek anced service to existing and future payroll and corporate clients. Adding this Corporate and Payroll portfolio to our existing corporate book further strengthens our position in the market as one of the leading payment providers for corporate customers.The companies did not reveal financial details of the deal. A representative from Barclays did not comment on the matter.Earlier this week Barclays announced that it would merge two of its payments apps, BPay and Pingit, into a single solution to streamline its wearable mobile payments offering and compete with industry leade
stanley cup rs like Apple.While prepaid cards are an important component of corporate payments offerings, the tools are also subject to the risk of fraud as