I'm a bit confused reading this. Is the lawsuit that users signing up for e.g. Venmo didn't know that they were also giving their transaction history/whatever to Venmo, or that Plaid was then taking the data passed to Venmo and reselling to, I don't know, a hedge fund?
If it's the former -- I certainly think services need to clearly state what/why/how they are using the data, but it's on the services (like Venmo) and not Plaid.
If it's the former -- I certainly think services need to clearly state what/why/how they are using the data, but it's on the services (like Venmo) and not Plaid.