Unable to change the "Terms & Condition Message"

From the backend: Components | EasySocial | Settings | General in the General Features box there is a text box for the "Terms & Condition Message".

We've entered new text in that box and saved it but it does not appear on the front page of the site. Is there something we might be doing wrong? (We had changed that text a few months ago and it did correctly update on the front page of the site - now it doesn't.)

Thank you.