U.S. data firm Plaid denies misleading customers after TD files lawsuit [Toronto Globe and Mail (Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
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Source: Toronto Globe and Mail
U.S. data firm Plaid denies misleading customers after TD files lawsuit Plaid Inc. denies it has used TD Bank’s logo to dupe customers into handing over personal information that the U.S.-based data company could monetize and says it’s disappointed a TD subsidiary has filed a lawsuit against it. The San Francisco-based company said in a statement to the Canadian Press on Friday that Plaid’s role in transactions is made clear to consumers and it was caught off guard when TD’s U.S. subsidiary filed a lawsuit. “We were surprised by TD Bank’s decision to file suit in the midst of our good faith discussions, which are still ongoing,” said Plaid, whose software helps apps including Venmo, Coinbase, Square and Stripe access bank and credit card info. “We have been working with TD for quite some time, and are disappointed that they resorted to litigation and false allegations. Plaid is publicly known for never selling or renting consumers' personal information.” The statement stems from a civ
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