Banking

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

The deal marks a milestone in SoFi’s evolution into a private bank for millennials, but it won’t solve the challenges of the alternative lender’s funding model.

President to sign executive order Friday to roll Dodd-Frank as battle lines form over various sections of the act; Deutsche Bank's John Cryan issues an "especially contrite" apology for the German bank's past mistakes.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Target halts innovation projects; Virgin Money pushes digital donations at London Marathon; U.K. government works on data sharing rules; Worldpay lures Santander's Peter Jackson.

By partnering with Intuit, Wells Fargo is continuing its journey toward API-based data sharing, and away from screen scraping.

Traditional banks may need to think twice about putting off higher rates on CDs and other deposit products. That’s because freer-spending online banks are adding deposits faster than they are, and more Fed rate hikes are expected to fuel that trend.

The U.S. government and banks face similar challenges in implementing a biometrics identity system. Both should study what other countries are already doing.

Dorothy Savarese and Rebeca Romero Rainey now chair two important trade groups … Mary Lynn Lenz, Patti Husic and Terry Jorde weigh in; Barclays CEO Jes Staley talks hiring diverse leaders and how to keep them; and more.

They are not a number to be pushed through an algorithm. They are people, each with unique goals and stories.

Over the last five years, the credit union also saw a 66% rise in membership, 204% increase in auto loans and a 26% uptick in real estate loans.

United continues to extend a far-flung operation that includes branches in Chicago, Denver and Florida.

Social Finance continues to expand outside student loans, buying Zenbanx, a digital bank and money transfer startup; prepaid card provider fined $13 million over 2015 system outage.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Sofi moves closer to payments; Fed staffer's bitcoin mining causes trouble; Liverpool's virtual currency; sunglass payments.

Arkadi Kuhlmann, the founder and CEO of the neobank Zenbanx who pioneered branchless banking at ING Direct, explains why he stopped pursuing a bank charter and made a deal with Social Finance.

The American Bankers Association has added a feature to its national crime database to help banks monitor and analyze ATM skimming.

Bank CEOs have recently raised red flags about the president's protectionist rhetoric, including his proposals to tax imports from China and Mexico. The concerns have arisen as import-export financing is already facing headwinds.

Usama Ashraf, the marketplace lender's new chief financial officer, will oversee finance activities and its capital markets function.

Many CUs offer loan programs to help immigrants afford American citizenship, but the president's controversial executive order has raised plenty of questions about how those programs may be impacted – including whether or not some might see a boost.

Credit unions are finding more and more inventive ways to do the right thing for the communities they serve.

The Louisiana company will enter several markets around Dallas with the $21 million deal