Plaid settlement: Venmo, Robinhood, other money app users may be eligible for payout

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Plaid settlement: Venmo, Robinhood, other money app users may be eligible for payout
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Plaid’s technology connects bank accounts to financial apps like Venmo — and users could be entitled to some money after a big class-action lawsuit was just settled.

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The lawsuit alleged Plaid took improper actions when securing the connection between users’ bank accounts and the online app or service. A $58 million settlement was reached. This "plumbing" has become more important as more Americans use mobile wallets to send money to friends, families and businesses.

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