Lowey Dannenberg is currently investigating privacy claims against Yodlee, Inc. for allegedly collecting account information and financial data from consumers’ private bank accounts.
Who is Yodlee?
Yodlee is a financial data aggregator whose technology is used by popular platforms, including PayPal, USAA, and Personal Capital.
How Does Yodlee Collect Financial Data?
Yodlee’s technology allows users to link or authenticate external financial accounts by entering their account username and password.
However, certain sources suggests that Yodlee may have used these credentials to collect users’ private banking transactions.
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