From what I hear it will just be uncomfortable for customers. Banks will have to make sure that you're really who you are. Where you could open an account with

From what I hear it will just be uncomfortable for customers. Banks will have to make sure that you're really who you are. Where you could open an account with SSN before you'll now need more proof that it's you. Meaning you'll have to supply more documents and more "security questions". That could lead people to not open an account but probably won't deter people from taking out a loan. But will be a big annoyance for customers.