Plaid class action seems to be opening up a can of worms for more lawsuits. Not a lot of press attention on this class action. https://pdfserver.amlaw.com/legalradar/48675699_complaint.pdf “Defendant MX is a criminal enterprise that mimics various national and regional banks, tricking financial technology (“FinTech”) application users into giving MX their bank account usernames and passwords. MX designs fake login pages on FinTech applications. These login pages use counterfeit bank trademarks and cyberpirated URLs to impersonate banks and trick app users into giving away their bank account usernames and passwords. Figures 1 and 2, below, are different login screens allowing users to link their bank accounts to the FinTech application CountAbout. Figure 1 is a real Chase website reached via a “private and secure” OAuth connection that transmits data only to Chase. Figure 2, on the other hand, is a fake TD….” #fintech #startup
The figure they have front and center is disingenuous. They show the Chase OAuth portal and a more generic creds pane for users with a TD account. The simple fact is the majority of banks, to this day don't have OAuth connections (TD included IIRC) a startling amount don't have even OTP. The lawsuit seems to point more targetly to reselling user data which is sketch beyond just being the intermediary to pass the appropriate permissioned data onto the app the user is using. This isn't a copycat of the more bogus Plaid lawsuit.
India
Yesterday
1009
What do vegetarian Indians eat for protein?
Fitness
Yesterday
2987
Very thin yoga pants
India
Yesterday
598
Any Indians Think Kashmir Should be Independent?
Tech Industry
Yesterday
736
East Asian Men don’t talk to me bc I’m Vietnamese
Tech Industry
Yesterday
1591
Horrible Netflix ML interview experience
Ok