Oct. 29 - BofA ends front-line employee bonus | JPMorgan levels up on blockchain

JPMorgan levels up on blockchain effort; SoFi gets OCC's preliminary approval for bank charter, launches credit card; OCC clarifies 'true lender' status on bank-fintech loans; Visa's Plaid deal faces antitrust scrutiny from Justice Department View online | Signup | Forward

Daily Dive Oct.​ 29,​ 2020 | Today's news and insights for banking industry leaders   TRENDLINE Customer Service Amid COVID-19 In this Trendline, learn how banking institutions like KeyBank and Current are keeping up with customer service expectations amid the pandemic. Access now.   Bank of America ends $200 pandemic pay for front-line workers The nation's second-largest bank will continue to give employees $100 per day for child or elder care. But the twice-monthly bonus's end is at odds with Brian Moynihan's comments to an outlet that named him CEO of the year. JPMorgan levels up on blockchain effort A large international client the bank won't name began using JPM Coin this week. JPMorgan also rebranded its 400-bank cross-border payment settlement network. SoFi gets OCC's preliminary approval for bank charter, launches credit card The card will offer up to 2% cash back when rewards are redeemed to pay down student loans or personal loans financed through the company. SoFi's charter application still needs sign-off from the FDIC and Federal Reserve. Sponsored Content by ServiceNow The power of connection: From the front office to the back office Customer trust and satisfaction has become even more relevant in today's COVID environment. Download now. OCC clarifies 'true lender' status on bank-fintech loans A final rule the regulator issued Tuesday puts the onus on banks to ensure a loan complies with consumer protection laws. Visa's Plaid deal faces antitrust scrutiny from Justice Department The DOJ may be concerned Visa's purchase of Plaid would result in a "killer acquisition" — when a legacy company purchases a smaller, innovative player to preempt future competition, a Bloomberg Law analyst said. 113 years on, Georgia's smallest bank digitizes Barwick Bank's new owners installed a fresh core operating system, launched a suite of online banking products — and aim to expand into neighboring Florida while keeping a relationship-driven ethos. Read more news Protect Against Cyber Criminals in Automated Banking Protecting against cyber crime is essential, especially as an increasing reliance on contactless interactions creates new levels of risk for banks. Learn More From Our Library Trendline Customer Service in the COVID Era View all resources What We're Reading Bloomberg An Avalanche of Fraud Buried a Small-Business Relief Program Time Jane Fraser, The Incoming CEO of Citigroup, On How to Smash the Glass Ceiling Reuters Banks roll out robots as pandemic shakes up IT plans American Banker Banks are paying more mind to mental health Financial Times US SEC opens door to more leveraged ETFs Suggest a story we should read Upcoming Events How to Automate Your Finance Department Oct. 29, 2020 - Oct. 29, 2020 | Webinar 1pm ET Winning in Digital Banking with Superior Customer Service Nov. 12, 2020 - Nov. 12, 2020 | Webinar 2pm ET Protecting Against Fraud and Money Laundering Nov. 17, 2020 - Nov. 17, 2020 | Webinar 2pm ET Dive Into a Topic Commercial Retail Credit Unions Payments Regulations & Policy Technology Risk Share Banking Dive: Daily Dive with others and get rewarded. You've referred 0 readers. To become an official Dive Insider, just successfully refer 10 contacts to Banking Dive: Daily Dive. Here's your link to share: https://www.bankingdive.com/signup/insiders/?signup_referred_by=5f93078d7aa51972095c9316

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