Even if you’ve never heard of a company called Plaid, they might owe you part of a multimillion-dollar court settlement, Fast Company reported. Plaid, which connects consumer bank accounts to services like Venmo, Robinhood, Coinbase and other apps, has been accused of collecting excessive financial data from consumers. While denying any wrongdoing, it agreed to pay $58 million to all consumers with a bank account linked to any of its approximately 5,000 client apps.
The suit accused Plaid of collecting “more financial data than necessary from users”. It also alleged that the company obtained users’ bank login information through its own “Plaid Link” interface, “which had the appearance of the user’s own bank account login screen,” according to the report. settlement location on the Internet. In addition to the $58 million payout, the company was forced to change some of its business practices.
Millions of people use apps linked to Plaid, so any payment can be very small. Still, if you are a US resident and have a bank account connected to the app between January 1, 2013 and November 19, 2021, you may be eligible to receive a claim. For more, see the settlement’s website. Common questions.
You may have already received an email about the process, or you can check the search section of the agreement to see if you used an application that qualifies. Anyway, you have until April 28, 2022 to send your complaint.
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