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Plaid must pay $58 million to users of Venmo, Robinhood and other apps Plaid must pay $58 million to users of Venmo, Robinhood and other apps
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Plaid must pay $58 million to users of Venmo, Robinhood and other apps
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Old 25th January 2022, 06:56   #1
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Default Plaid must pay $58 million to users of Venmo, Robinhood and other apps

Even if you've never heard of a company called Plaid, they may owe you part of a multi-million dollar lawsuit settlement, Fast Company has reported. Plaid, which connects consumer bank accounts to services like Venmo, Robinhood, Coinbase and other apps, was accused of collecting excessive financial data from consumers. While denying any wrongdoing, it agreed to pay $58 million to all consumers with a linked bank account to any of its approximately 5,000 client apps.

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