Plaid Terms of Use

This document governs end-user access to Plaid's website and associated services, establishing the legal basis for the relationship between Plaid Inc. and individuals who visit or use Plaid's properties. The agreement states that users grant Plaid a broad, royalty-free license to use any content or feedback submitted, and the terms authorize Plaid to collect, process, and share financial account data and related information through its data network infrastructure on behalf of third-party applications. The terms include a mandatory binding arbitration clause with a class action waiver, a limitation of liability capping Plaid's damages exposure at amounts paid in the preceding twelve months, and an intellectual property license grant that is notably broad in scope relative to what a typical website terms of use would require. The document engages the Gramm-Leach-Bliley Act given Plaid's role as a financial data intermediary, the California Consumer Privacy Act for California residents, and the FTC Act's unfair and deceptive practices framework; applicability of specific state consumer protection statutes may vary by jurisdiction. Compliance teams should note that Plaid's position as a data aggregator and financial API provider means these terms sit at the intersection of financial services regulation, consumer data protection law, and general consumer protection frameworks, and the arbitration and class action waiver provisions may face enforceability scrutiny depending on applicable state law.