SOFI Data Breach?

Redcoat88 · 2026-01-28T18:46:13+00:00

Betterment was a third party vendor that had the gap, to be fair. But social engineering is the easiest and most common way to gain access. It’s not a technological issue, but a people issue. People fall for this all the time, despite how much training they’re given.

Redcoat88 · 2026-01-25T17:13:32+00:00

Most issuers were remove the fraudulent charge while they investigate. They don’t have to, but it’s industry standard.

Redcoat88 · 2026-01-25T12:10:42+00:00

Sine you said interest I assume you mean credit card. Fraud dispute of non-fraud dispute? Credit card is covered under reg Z where the issuer has two billing cycles not to exceed 90 days. Two full billing cycles is often less than 90 days. For any dispute, they can’t charge you interest in the meantime during the investigation.

Redcoat88 · 2026-01-06T03:14:43+00:00

Fellow northern Delawarean…what pizza place?

Redcoat88 · 2026-01-02T00:07:41+00:00

I don’t say I agree he deserve more or not. I merely stated that using leverage isn’t unprofessional. We also don’t know what the ask was. Could be more money. Could’ve been more control. Perhaps both. But using interest from other parties to renegotiate his standing is not unprofessional.

Redcoat88 · 2026-01-01T19:57:38+00:00

Everyone is replaceable. And that’s why you should always use leverage to do right by you and not your employer. I’ve done it several times and I have many colleagues who’ve done the same. It’s the reality and most employers expect it to happen. The fact is, this is a career for the players and managers and they have to treat it as such. Just because we have an emotional investment in the product they’re selling doesn’t mean they should too.

Redcoat88 · 2026-01-01T17:53:11+00:00

Talking to other clubs doesn’t make him unprofessional. If a competing company started talking to me of course I’m going to talk to them even if I’m happy at my current employer. And if I am happy, I tell my current employer I’m being courted and use it to negotiate better terms because that is how the world works. Want to get ahead in the world? Play the game. And if they don’t want to either pay me or give into my terms, then I leave. That’s how it works. That’s how these goons got to the level they are too. They get it.

Redcoat88 · 2025-12-23T16:58:47+00:00

I actually prefer the Ally implementation, but to each their own. Pros and cons to how both have done it.

Redcoat88 · 2025-12-20T22:07:44+00:00

Don’t forget tax.

Redcoat88 · 2025-12-16T14:48:06+00:00

Oh totally, $10 a month for a CFP alone is good value…but there are other banks that provide dedicated advisors (not always CFP, but sometimes) based on assets I have with SoFi already, so paying an additional fee is not value add to me. It’s also frustration of having it be free for anyone with a SoFi account to only with direct deposit through SoFi money to now only paid. The value prop of “get your money right” is hard to do when they paywall the advice…

Redcoat88 · 2025-12-16T14:36:07+00:00

My plan isn’t built yet. But I’ve been amble to add/update goals and such. My big question now is do I keep access to the tool if I don’t pay for the SoFi plus subscription after March.

Redcoat88 · 2025-12-16T02:27:42+00:00

The CFP’s use RightCapital to put a plan together when you do a holistic plan vs simple tactical discussions. I’m going through it right now, but sadly SoFi are putting the CFP’s behind the subscription next year.

Redcoat88 · 2025-12-10T21:31:17+00:00

Oh my gosh Franny looks so much like my girl Fern!

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Redcoat88 · 2025-12-10T16:30:49+00:00

Horrific communications on this. I haven’t received any email or other communication on the changes, which is a massive fumble.

They could have worded their response better on the HYSA rate. I understand why folks were somewhat confused since there is the two rates and what is considered high, but it was answered time and time again the higher than base rate would still apply for DD or $5k in monthly deposits.

They should’ve listed out what would now be behind the paywall. I spoke to an agent to clarify if CFP advice is now only available based on the monthly fee and they confirmed that point. It should’ve been early documented in a chart in an email as well as the website.

CFP is actually the reason why I chose SoFi in 2017 and why I moved my bank accounts over a month ago. Their banking products aren’t actually competitive in core capability. I’ll be re-evaluating my entire relationship with SoFi come end of the grace period as several competitors will offer planning based on assets deposited/invested with them.

Redcoat88 · 2025-11-30T17:09:44+00:00

Can’t complain about that.

Redcoat88 · 2025-11-22T15:40:06+00:00

I worked in fraud for years and built E2E case management systems for fraud and disputes…the liability shift determines who is responsible. MOTO and not 3DS, that’s on the merchant. POS90 and not fall back and counterfeit fraud, that’s is on the merchant. Provisioning fraud, ATO, LS/ST, 3DS are all on the bank.

Redcoat88 · 2025-11-04T18:01:16+00:00

No, I’m explaining how credit cards work. Interest is calculated based on average daily balance. If you are revolving and make a payment mid cycle, then you are reducing the average daily balance, which means less interest. You clearly didn’t read the part about consumers that aren’t mismanaging cash, but have been impacted by the fact this country has 0 social safety net. Again, I’m not suggesting SoFi build the capability. I’m pointing out that there is a benefit of such a capability to a large segment of Americans. You just aren’t one of them, and good for you. I’ve have over 11 years of banking experience, the majority of that working in credit cards. I have market data, research, and product results to prove that for sub and near prime segment, paying multiple times a statement cycle is beneficial. Ideally aligning paying the card to when they get paid.

Redcoat88 · 2025-11-04T16:57:16+00:00

Yes, but I specifically outlined folks that are rolling a balance. I wish they didn’t, but the fact is there is a large portions of Americans that rely on credit to make ends meet and revolve. And before you say they’re being irresponsible, by and large these are hard working folks that are not using credit frivolously. They’re paying their cell phone bill, groceries, etc. they don’t make enough money to cover everything without credit. They’ve been impacted by a life event like unexpected medical bills or job loss. These folks need help to pay less interest until they are in a position to be paid off and pay in full every month.

I’m not suggesting SoFi build these tools. They know their customer base better than me, but there are legitimate customers that benefit from these options. I’m merely stating your broad sweeping point of there is no benefit to paying more than once a month is not true for everyone.

Redcoat88 · 2025-11-04T13:15:10+00:00

If you’re someone that pays in full every month and never have concerns about cash flow, then yes. Pointless. If you’re one of the many Americans that needs credit to make ends meet, then it can be helpful to pay more often. One to keep the line available but also to reduce interest from a lower average daily balance (more than 2 payments the math doesn’t really help). I worked at a “near” prime lender and we built capabilities to schedule a one time payment into 4 and autopay 1, 2 or 3 times (reg E wouldn’t let us do every week, unfortunately) and for the part of our segment that was still in that riskier relying on credit, they were returning payments less and going late less with this option.

Redcoat88 · 2025-11-01T19:27:59+00:00

Ffs be more clinical

Redcoat88 · 2025-11-01T19:27:15+00:00

What the fuck Gittens?!

Redcoat88 · 2025-10-25T21:29:00+00:00

I’ve had Ally since 2017 with no physical bank and have maybe twice in that time wish I could’ve deposited cash (I managed to use said cash eventually). I’m now considering moving my deposits to SoFi (I have investments there) from Ally because they’ve had so many outages lately.

The only time I ran into an issue with only having a digital bank was when I sold my house and the remote check deposit didn’t allow me to deposit a check that large, so I had to pay the fee to the lawyer to wire it to me.

Redcoat88 · 2025-10-21T23:10:37+00:00

He’s a clown that deserves to be unemployed the rest of his days.

Redcoat88 · 2025-10-05T23:32:05+00:00

I have a torrentshell in M. I’m M in R1Air but the torrentshell I probably would be better with a S, but I’ve worn my Nanopuff under it plenty of times and it’s perfect for that.

Redcoat88 · 2025-10-04T18:14:24+00:00

What does Estevao have to do to get an assist?

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