![]() ![]() The case, filed in California, was a consolidation of five lawsuits brought by consumers in 2020 that alleged Plaid violated their privacy rights by accessing their bank account data without their knowledge. The settlement comes as regulators and consumers show increased interest in privacy around financial data. Plaid committed to featuring its consumer privacy portal more prominently on its website.įintech Plaid agreed to pay $58 million to settle a class-action lawsuit centered around consumer privacy.The suit alleges users were unaware of Plaid's role in accessing banking data for apps like Venmo. ![]() Plaid has agreed to pay $58 million to settle a class-action lawsuit centered on data privacy.Account icon An icon in the shape of a person's head and shoulders. ![]()
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