Is Plaid Settlement Legit? Everybody is looking up the answer, and if you are too, please read this post!
Did you hear about the Plaid Settlement in the news lately? Do you want to know about this settlement? The popular financial services privately-held company Plaid has been in the news lately because of its customers’ data privacy, monopolist and antitrust risks.
The United States-based company has now finally agreed to pay some gross amount of money. However, people are yet confused and wondering if this settlement is true or not.
Therefore, we are here to clear all your doubts and answer Is Plaid Settlement Legit.
Is Plaid Settlement a Scam?
In early 2022, users received an unexpected email notifying them about a class action settlement for Plaid company. Users were eager to find out whether the settlement was true or not.
Later, it was revealed that the class action settlement was a legit and true settlement, with the opposition being the United States District Court for the Northern District of California.
Also, we found a website dedicated to the same settlement case. And to check its legitimacy and answer your question, Is Plaid Settlement Legit, we have mentioned some important legitimacy pointers of plaidsettlement.com:
- Domain age: 8 months and 22 days
- Domain Expiration date: 23 July 2023
- Trust score: 8%
- Trust Rank: 8.9/100
- Alexa rank: # 67,459
What is Plaid?
Plaid company is a well-known American company dealing in financial services. Plaid had made it possible for almost 5000 web and mobile-based apps to be able to connect those apps to users’ bank accounts.
Some of the partner companies of Plaid include Venmo, Samsung, Betterment, Tesla, Citi and more. In January 2020, Visa announced that they intended to buy Plaid; however, Visa abandoned the deal due to data privacy and other antitrust risk claims on Plaid.
Why Is Plaid Settlement Legit in the news?
The Plaid Settlement has now come to a settlement where Plaid has agreed to pay $58 million to end the lawsuit claiming it violated people’s data privacy laws.
The news was revealed recently, and the exact amount to be paid to each Class Member has not been revealed yet. However, Plaid will pay a proportionate and equal share of $58 million to each member. Each class member can file one claim on the official website of Plaid Settlement.
More about Plaid Settlement:
Now that you know the answer to Is Plaid Settlement Legit, you might want to file your claim if you are eligible for the same. Here’s how to do it!
- Check eligibility: US residents who own or owned a financial account accessed by Plaid between 1 January 2013 and 19 November 2021
- Visit the official website: plaidsettlement.com and submit the claim form online.
- The deadline for filing the claim is 28 April 2022, and the final hearing for the Plaid Settlement is 12 May 2022.
Summing up:
The famous Plaid company was in the news lately as it decided to settle its privacy lawsuit with a gross amount of $58 million. We have explained every detail. Read here How to protect yourself from a scam.
Thus, Is Plaid Settlement Legit? The answer is yes! For more doubts, please ask us in the comment section!
Also Read :- Plaidsettlement Com (Jan 2022) All You Need To Know!