Plaid To Pay $58 Million to Users of Venmo, Robinhood and Other Apps.<br />Plaid To Pay $58 Million to Users of Venmo, Robinhood and Other Apps.<br />Engadget reports Plaid, which links consumer bank accounts to apps like Robinhood, Venmo and Coinbase, .<br />Engadget reports Plaid, which links consumer bank accounts to apps like Robinhood, Venmo and Coinbase, .<br />Engadget reports Plaid, which links consumer bank accounts to apps like Robinhood, Venmo and Coinbase, .<br />Engadget reports Plaid, which links consumer bank accounts to apps like Robinhood, Venmo and Coinbase, .<br />has been accused of collecting "more financial data than was needed from users.".<br />has been accused of collecting "more financial data than was needed from users.".<br />Although Plaid denied the allegations, it has agreed to pay $58 million to anyone with a bank account linked to a client app.<br />Although Plaid denied the allegations, it has agreed to pay $58 million to anyone with a bank account linked to a client app.<br />It will also reportedly change <br />some of its business practices.<br />If you're a U.S. resident and your bank account was hooked up to the app between Jan. 1, 2013, and <br />Nov. 19, 2021, you may qualify for compensation.<br />If you're a U.S. resident and your bank account was hooked up to the app between Jan. 1, 2013, and <br />Nov. 19, 2021, you may qualify for compensation.<br />However, millions of people have used apps linked <br />to the service, so payouts will likely be small.<br />Claims must be submitted by Apr. 28, 2022.
