Plaid’s technology connects bank accounts to financial apps like Venmo — and users could be entitled to some money after a big class-action lawsuit was just settled.
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The lawsuit alleged Plaid took improper actions when securing the connection between users’ bank accounts and the online app or service. A $58 million settlement was reached. This "plumbing" has become more important as more Americans use mobile wallets to send money to friends, families and businesses.
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