Payments News Update – June 12, 2020
Legal and Regulatory Developments SPOTLIGHT: 'Fraud' Lawsuit Slams Plaid on Eve of Historic $5.3-Billion Payday RIABiz – June 9, 2020 As Plaid nears the date when it banks a $5.3 billion dollar check from Visa, it may face a final hurdle from a class action alleging its value proposition depends on a "massive invasion" of the privacy of over 200 million bank and brokerage accounts. Filed on May 5, the suit...