The fintech startup Plaid is being sued in a class action for alleged breaches of privacy and data protection

BlockBeats - On June 25, California filed a new class action lawsuit against financial technology startup Plaid. The plaintiffs claim Plaid breached privacy and data protection by amassing and monetizing financial transactions for millions of users.

& have spent

Plaid amassed some of that data through popular services such as Data Plumbing -- Venmo, Stripe, Square's Cash App and Robinhood, according to the complaint.

& have spent

The complaint so describe the Plaid, "within a few hours after the deal was done, every dollar you access, every dollar you pay credit card or pay a credit card, and every dollar you save for retirement. Imagine, this includes every book you buy, each a movie ticket, every meal, every one to pay the doctor or hospital bills, and each a mortgage, student loan or credit card bill payment (or payment) have been Plaid recorded."

& have spent

Earlier this year, Visa bought Plaid for $5.3 billion.

& have spent

Text link:https://cointelegraph.com

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia