The following comments below are from the Plaid team.
We’re pleased that the Court granted the Plaintiffs’ Motion for Preliminary Approval of the settlement. While we disagree with the allegations in the Plaintiffs’ lawsuit, we continue to believe that settlement is the best path forward in light of the burdens and costs that come with protracted litigation.
As the next step in the settlement process, a third-party class administrator has started sending notice of the class action settlement to potential class members so that they can decide whether to submit a claim to participate in the settlement fund. We’ll continue to prioritize our work in helping consumers understand and control how and where their information is shared.
Below are links to help you understand Plaid’s role in the account linking process:
- Plaid’s Commitment to Consumer Privacy – a blogpost on the settlement
- How Plaid Works for Consumers
- Plaid Consumer Portal – to view/manage existing Plaid connections
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Brian Stark
Brian Stark is Co-Founder and Product Marketing Director at Traction Ag, Inc, a cloud-based farm accounting and management software company focused on helping farmers become more profitable and efficient. Prior to Traction Ag, Brian led the sales and marketing efforts at Farm Works Software, a global leader in farm management desktop software that was acquired by Trimble in 2009. He helped manage the Trimble marketing and communications team for over 10 years, with a strategic focus in product marketing, building brand awareness and digital marketing efforts.