The Data Partner Terms require financial institution partners to provide Plaid API access at a performance and availability standard at least equal to what they provide to any comparable third party, explicitly including Plaid competitors, and substantially similar to the standard End Users experience through the institution's own account access channels.
This analysis describes what Plaid's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes a contractual non-discrimination obligation requiring data partners to provide Plaid with API access parity relative to both comparable third-party providers and the institution's own consumer-facing access channels. This directly engages the open banking data access principles articulated in CFPB rulemaking under Section 1033 of the Dodd-Frank Act.
Under this clause, financial institution partners must provide Plaid API access at the same performance standard as any comparable third party including Plaid competitors, and at a standard substantially similar to the institution's own consumer-facing account access. This access parity obligation is enforceable by Plaid under the Data Partner Terms.
Cross-platform context
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Compare across platforms →"Partner will provide the Data Access Method with the degree of performance, availability, integrity, reliability, and currentness that is (1) at least the same as any similar third party working with Partner (including any Plaid competitors) and (2) substantially similar to what an End User would receive through the websites, mobile applications, or other online locations maintained or managed by or on behalf of Partner through which an End User can access its financial account information or perform certain transactions ("Account Sites").Excerpt from Plaid's Terms of Use
REGULATORY LANDSCAPE: The access parity obligation in this clause directly engages CFPB rulemaking under Section 1033 of the Dodd-Frank Act, which addresses consumer rights to access financial data and non-discriminatory data access for authorized third …
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This provision establishes a contractual non-discrimination obligation requiring data partners to provide Plaid with API access parity relative to both comparable third-party providers and the institution's own consumer-facing access channels. This directly engages the open banking data access principles articulated in CFPB rulemaking under Section 1033 of the Dodd-Frank Act.
Under this clause, financial institution partners must provide Plaid API access at the same performance standard as any comparable third party including Plaid competitors, and at a standard substantially similar to the institution's own consumer-facing account access. This access parity obligation is enforceable by Plaid under the Data Partner Terms.
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