Nov. 2 - Fed lowers Main Street loan limit to $100K | Bill would make national public bank system

Ocasio-Cortez, Tlaib-backed bill would create federally chartered public banking system; CFPB final rule lets debt collectors use email, text; Pandemic could accelerate de novos' profitability timeline, experts say; NY regulator lays out climate risk expectations for banks View online | Signup | Forward

Daily Dive Nov.​ 2,​ 2020 | Today's news and insights for banking industry leaders   BROUGHT TO YOU BY — AWS Marketplace AWS Webinar: Sharpen Trading Decisions AWS and Jefferies Group share use cases and success stories showing how capital markets firms can manage and unlock the value of time series data in the cloud. Register now.   Fed lowers Main Street loan threshold to $100K With the chance of a PPP revival waning, the central bank played with the margins in Main Street — waiving the 1% fee it collects from borrowers on loans of less than $250,000, but allowing banks to charge 2% origination fees. Ocasio-Cortez, Tlaib-backed bill would create federally chartered public banking system The creation of public banks would expand financial services to underbanked communities and help fund public infrastructure projects, the lawmakers said. CFPB final rule lets debt collectors use email, text The rule limits to seven the number of times a collector can call a consumer about a particular debt over seven consecutive days. But it establishes a new type of communication that won't count against the cap. Sponsored Content by Banking Dive's studioID Protect against cyber crime in automated banking Protecting against cyber crime is essential, especially as an increasing reliance on contactless interactions creates new levels of risk for banks. Find out how in this webinar. Pandemic could accelerate de novos' profitability timeline, experts say Customers' increased adoption of digital banking amid the pandemic, and the realization banks can operate with less physical space, have enabled de novos to tailor their operating models to a new normal, one attorney said. NY regulator lays out climate risk expectations for banks The Department of Financial Services wants banks to integrate climate-related financial risks into their business strategies, risk management processes and governance frameworks, but stopped short of demanding climate stress tests. Capital One to let most US call-center workers stay remote after pandemic The move further illustrates a divide between investment-heavy banks such as JPMorgan Chase that pushed to repopulate offices and card-heavy models such as American Express that are keeping employees home longer. Read more news 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 From Our Library Webinar - on demand How to Automate Your Finance Department By studioID Webinar - on demand Accelerating Transformation in Budget-Cutting Times By studioID Trendline Customer Service in the COVID Era View all resources What We're Reading Reuters Jittery Wall Street banks 'war game' the election with drills, client calls, special pollsters Cointelegraph 'I got Bitcoin!' — trick-or-treaters rewarded with crypto Bloomberg A Goldman Sachs Partner's Odyssey From Karachi to Wooing America The Wall Street Journal Ex-Inmates Struggle in a Banking System Not Made for Them Financial Times Opinion: The virus has crushed the challenger bank dream Suggest a story we should read Upcoming Events Protecting Against Fraud and Money Laundering Nov. 17, 2020 - Nov. 17, 2020 | Webinar 2pm ET Winning in Digital Banking with Superior Customer Service Nov. 12, 2020 - Nov. 12, 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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