Data Privacy & Security Data Privacy & Security

Plaid sued for collecting US consumers' financial data through mobile apps without consent

By Amy Miller
  • 05 May 2020 19:10
  • 05 May 2020 19:37

Fintech company Plaid is harvesting consumers' financial information from mobile payment systems such as Venmo without their knowledge or consent, violating the Gramm-Leach-Bliley Act and several other US and state privacy laws, according to a lawsuit filed in San Francisco federal court.

Plaid, which is currently being acquired by Visa for $5.3 billion

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