Under the Settlement, Plaid has agreed to minimize the data it stores going forward, to delete certain previously retrieved data, and to improve and maintain certain already-implemented enhancements to Plaid Link. To confirm whether specific apps or services that connected to your financial account(s) used Plaid for account connections, you can run a search on the SEARCH FOR APP/SERVICE page of this website by clicking here. More specifically, you are a Class Member if you own or owned one or more “Financial Accounts” (defined in Question 7) that Plaid accessed using your login credentials and connected to a mobile or web-based app that enables payments or other money transfers or for which you provided Financial Account login credentials to Plaid through Plaid Link between Januand November 19, 2021. You may be a Class Member if you are a United States resident and you connected a financial account to an app between Januand November 19, 2021. Plaid denies these allegations and any wrongdoing and maintains that it adequately disclosed and maintained transparency about its practices to consumers.
The allegations include that Plaid: (1) obtained more financial data than was needed by a user's app, and (2) obtained log-in credentials (username and password) through its user interface, known as “Plaid Link,” which had the look and feel of the user's own bank account login screen, when users were actually providing their login credentials directly to Plaid. This class action alleges Plaid took certain improper actions in connection with this process.
Approximately 5,000 mobile and web-based applications (“apps”) use Plaid to enable users to connect the app to the users' bank account(s).
MaNotice of Intent to Appear at the Fairness Hearing Must Be Postmarked By This DateĪpClaim Forms Must Be Submitted Online By This Date or Postmarked By This Date if MailedĪ Settlement has been proposed in class action litigation against Plaid Inc. MaObjections to the Settlement Must Be Filed with the Court by this Date or Postmarked By This Date if Mailed MaRequests for Exclusion From the Settlement Must Be Postmarked By This Date