By Amy Miller ( May 5, 2020, 23:40 GMT | Insight) -- Fintech company Plaid is harvesting consumers' financial information from mobile payment systems such as Venmo without their knowledge or consent, violating the Gramm-Leach-Bliley Act and several other US and state privacy laws, according to a lawsuit filed in San Francisco federal court. Consumers are never told that Plaid is using the mobile apps to access their financial accounts and sell the private information it obtains, according to a proposed class action filed by two California residents. “Plaid’s deception has been successful, and inordinately profitable,” they said.Fintech company Plaid is harvesting consumers' financial information from mobile payment systems such as Venmo without their knowledge or consent, violating the Gramm-Leach-Bliley Act and several other US and state privacy laws, according to a lawsuit filed in San Francisco federal court....
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