The proposed settlement of USD $58 million is based on its unauthorized collection and use of customers’ data from their accounts; it includes business changes that the company must make such as deleting certain data from its systems, include certain disclosures and features in the company’s standard link flow, minimize the data it stores and enhance disclosures in its end user privacy policy about the categories of data it collects.
Financial Information: Parties Propose Class Settlement to California District Court
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