Civil Plaintiff
What You Need to Know About Plaid’s $58 Million Class Action Settlement
Plaid Inc. has agreed to pay $58 million to end class action lawsuit claims that it violated data privacy laws.
The settlement benefits any U.S. resident who owns or owned one or more “financial accounts” accessed by Plaid, or for which Plaid obtained their login credentials, between Jan. 1. 2013, and Nov. 19, 2021, and the Class Member was a U.S. resident at the time.
For purposes of this settlement, “financial accounts” refers to any checking, savings, loan, or other account at a financial institution that Plaid accessed using the user’s login credentials and connected to a mobile or web application enabling payments or other money transfers, or for which a user provided financial account login credentials to Plaid via Plaid Link.
