November 24, 2021
A $58 million deal settling claims that fintech company Plaid Inc. unlawfully accessed app users' personal banking data without getting consent is a "fair and adequate compromise" given the uncertainty of consumers winning at trial, a California judge said.
August 06, 2021
Plaid Inc. has agreed to pay $58 million to end a proposed class action lawsuit accusing the financial services company of unlawfully accessing the personal banking data of users of popular apps like Venmo and Coinbase without their consent, with attorneys for the consumers seeking up to $14.5 million in fees.
May 03, 2021
A California federal magistrate judge has partially granted the dismissal of a putative class action accusing Plaid Inc. of accessing and selling the personal banking data of users of apps like Venmo and Stripe without their consent, leaving invasion of privacy and anti-phishing claims intact.