Plaid Inc
Venmo Plaid Data Privacy Settlement
The $58 million Plaid privacy settlement received final approval in July 2022, and its April 28, 2022 claim deadline has passed. It resolved allegations about Plaid's collection of financial account information, including through services such as Venmo; Plaid denies wrongdoing. Claim explains this historical case without presenting it as a new payment opportunity.
Key facts
Plaid Inc. agreed to a $58 million class action settlement resolving allegations that it collected more financial information than users intended and obtained bank login credentials through its Plaid Link interface without adequate disclosure. Plaid denied the allegations and any wrongdoing. The court did not decide which side was right.
The Settlement Class generally included United States residents who owned a financial account that Plaid accessed using login credentials and connected to a mobile or web app, or who provided financial account login credentials to Plaid through Plaid Link, between January 1, 2013 and November 19, 2021. The settlement covered connections through approximately 5,000 apps and services and was not limited to Venmo.
The claim deadline was April 28, 2022. The court granted final approval on July 20, 2022, and payments began in November 2022. According to the official post-distribution accounting, each valid claimant received $35.97.
A second distribution was determined to be economically impractical. The remaining funds were distributed to the court-approved Privacy Rights Clearinghouse and Consumer Reports in October 2023. This settlement is closed and no new claims can be filed.
Who may qualify
This settlement covered United States residents who owned a financial account that Plaid accessed using login credentials and connected to a mobile or web app, or who provided account login credentials to Plaid through Plaid Link, between January 1, 2013 and November 19, 2021. The claim deadline was April 28, 2022 and has passed.
What proof do you need?
Did this settlement need proof of purchase?
For this settlement, you did not need proof of purchase. The court order describes a claim process tied to qualifying use of Plaid and notices containing an ID and confirmation code. The deadline was in 2022. An old notice or a new message about this case does not establish that you can now make a fresh claim. The claim window for this settlement has closed.
Where do these requirements come from?
From the official settlement notice - the document that sets out who qualifies and what they have to provide. Claim summarizes it; Claim does not set it. Where the notice and this page disagree, the notice is the one that counts.
How can I check a settlement email or text?
Who is the administrator?
Angeion Group LLC is the settlement administrator: the company a court appoints to run the claims process, send notices and make payments. It is not the company being sued, and it is not Claim.
Is the sender's name enough to trust the message?
No. A sender name, a display name, a reply-to address and even a case number can all be copied. Check the case name and number in the message against the ones on this page, and reach the court-authorized settlement website yourself rather than through a link or button in the message.
What warning signs should I look for?
Any request for a fee, a payment or a wire to release settlement money. Any request for full banking login details. Pressure to act straight away. A web address that does not match the one in the official notice. Genuine notices identify the case by name and number and explain how payment is made, sometimes offering a payment election such as a check, a digital payment or a virtual card.
The claim window for this settlement has closed. You can still see which settlements are accepting claims now.
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