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- President Trump nominated Stuart Levenbach to be the new permanent director of the Consumer Financial Protection Bureau. Levenbach is a senior official at the Office of Management and Budget. Acting director Russell Vought’s term is set to expire in December under the Vacancies Act.
- Toast Inc. said it will grant $10,000 to each of 15 restaurant operators as part of its Toast Changemakers Program, which is aimed at rewarding restaurants that address the problem of food insecurity. Toast, which launched the program in September, said it received more than 800 applications.
- Sandwich chain Erbert & Gerbert’s said it has opted for point-of-sale and payments technology from PAR Technology Corp., having earlier adopted PAR’s loyalty platform. The chain operates 80 stores in eight states.
- Mad Mobile Inc., which develops payments technology for restaurants and retailers, launched its Premier Acquirer Services offering, working with Cybersource, Southstate Bank, and RS2, a payments processor. Cybersource is a unit of Visa Inc.
- MenuSifu Inc., a developer of mobile ordering and payments technology for Asian restaurants in the U.S. market, said it is adding workforce management to its capabilities to aid managers in hiring, managing, and retaining workers.
- U.S. households are each spending a median of $347 per month, or $4,168 per year, on utility bills, for a total of $532 billion, according to an analysis from the bill-payment platform doxo Inc.
- G-Knot, a specialist in biometric technology, has launched a limited presale for what it says is the world’s first commercially available hardware wallet secured by finger-vein biometrics.
- Chargeback-automation platform Chargeflow Inc. announced it has closed on a $35-milion Series A funding round led by Viola Growth.
- Some 42% of holiday shoppers say they plan to rely more heavily on credit cards for holiday-season spending this year, up from 38% last year, according to the Q4 2025 U.S. Consumer Pulse study from TransUnion LLC, a credit bureau. The report surveyed 3,000 U.S. consumers aged 18 and up in October.
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