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
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"Plaid is acting on behalf of applicable Plaid customers and End Users and is not performing services for Partner within the meaning of the Bank Service Company Act, 12 U.S.C. 1861 et seq.Excerpt from Plaid's Terms of Use
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The clause states: “Plaid is acting on behalf of applicable Plaid customers and End Users and is not performing services for Partner within the meaning of the Bank Service Company Act, 12 U.S.C. 1861 et seq.”
ConductAtlas has identified this type of provision across 289 platforms. See the full comparison.
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