Express

Visa-Owned Startup Plaid Hit With Class Action Lawsuit

Emily Mason

Summary: Visa-owned startup company Plaid has been served with a class action lawsuit alleging that the company violated privacy and data regulations by collecting and monetizing its users transaction, according to case documents. Visa acquired Plaid in January for $5.3 billion and the company currently has millions of users. The suit alleges that Plaid scraped users' ...

Visa-owned startup company Plaid has been served with a class action lawsuit alleging that the company violated privacy and data regulations by collecting and monetizing its users transaction, according to case documents.

Visa acquired Plaid in January for $5.3 billion and the company currently has millions of users. The suit alleges that Plaid scraped users' data from companies like Venmo, Cash App, and Robinhood and held on to track every transaction made.

By Emily Mason

Last Update:

Tags: ,,
Link: Visa-Owned Startup Plaid Hit With Class Action Lawsuit   [Copy]
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 9 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 13 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 28 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025
  • You need to login to comment.