Plaid Inc. will pay $58 million in a settlement over allegations that it violated users’ privacy rights by scraping their data from third parties, after a federal judge in California granted final approval of the deal.
James Cottle brought the class action against against the San Francisco-based financial technology company, claiming that it used consumers’ banking login credentials to harvest and sell detailed financial data without their consent.
US Magistrate Judge
The settlement includes $5,000 for each ...