Which regulatory agencies enforce this type of clause?

{'agency': 'FTC', 'reason': 'The FTC has authority to challenge inadequately disclosed broad intellectual property license grants in consumer contracts as deceptive practices under Section 5.', 'complaint_url': 'https://reportfraud.ftc.gov/'}

What is the severity of this clause?

ConductAtlas classifies this Intellectual Property and Content License clause as low severity. Severity reflects the magnitude of rights affected, the breadth of users impacted, and the degree of discretion the platform retains.

Do other platforms have similar clauses?

Yes. ConductAtlas has identified similar Intellectual Property and Content License clauses across approximately 1 other tracked platforms. You can compare how platforms differ on this clause type in the cross-platform comparison view.

Intellectual Property and Content License — Bank of America

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What it is

Bank of America owns all the content on its online banking platform, and if you submit any feedback or suggestions through their services, you give Bank of America a permanent, free license to use your ideas however they want.

Consumer impact (what this means for users)

If you submit product feedback, suggestions, or ideas through Bank of America's online banking platform, this clause grants the bank a worldwide, royalty-free license to use that content for any purpose, meaning your ideas become Bank of America's property at no cost to them.

Cross-platform context

See how other platforms handle Intellectual Property and Content License and similar clauses.

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Why it matters (compliance & risk perspective)

Any feedback or suggestions you provide to Bank of America through its online banking platform — such as product improvement ideas or bug reports — can be used by the bank for commercial purposes without any compensation or credit to you.

View original clause language

All content included in or made available through Online Banking, such as text, graphics, logos, icons, images, and software, is the property of Bank of America or its content suppliers and is protected by United States and international intellectual property laws. You grant Bank of America a non-exclusive, royalty-free, worldwide license to use any content, feedback, or suggestions you submit through Online Banking for any purpose, including improving our services.

Institutional analysis (Compliance & legal intelligence)

REGULATORY FRAMEWORK: This provision engages intellectual property law (17 U.S.C. Copyright Act, 35 U.S.C. Patent Act for applicable inventions) and is subject to scrutiny under FTC Act Section 5 for unfair/deceptive practices if the license grant is not adequately disclosed. The CFPB may also review content license provisions in consumer financial agreements under UDAAP authority if the grant is deemed abusive.

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Applicable agencies

FTC

The FTC has authority to challenge inadequately disclosed broad intellectual property license grants in consumer contracts as deceptive practices under Section 5.
File a complaint →

Provision details

Document information

Document

Bank of America Deposit Agreement

Entity

Bank of America

Document last updated

April 29, 2026

Tracking information

First tracked

March 7, 2026

Last verified

April 27, 2026

Record ID

CA-P-003314

Document ID

CA-D-00053

Evidence Provenance

Source URL

https://www.bankofamerica.com/deposits/resources/deposit-agreements.go

Wayback Machine

View archived versions →

SHA-256

3a84db97f26e6cc43ba57e3064c862f0c801f02c98b952132bcb7ba1add9a99c

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Bank of America | Document: Bank of America Deposit Agreement | Record: CA-P-003314
Captured: 2026-03-07 04:40:52 UTC | SHA-256: 3a84db97f26e6cc4…
URL: https://conductatlas.com/platform/bank-of-america/bank-of-america-deposit-agreement/intellectual-property-and-content-license/
Accessed: May 2, 2026

Classification

Severity

Low

Intellectual Property and Content License