ARK Builders @ark-builders.dev · Jan 29 Plaid, the service that connects financial apps to your bank accounts, faced a $58 million class action settlement in 2023 for allegedly collecting bank credentials without proper consent.
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When a Moneydance user requested their data from Plaid, they were shocked: "Actual transaction dates, merchant names and amounts... The data will be sold to companies that target you for their marketing, but it can also be subpoenaed."