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As for what it could be, it's most likely an expired subscription.
Generally they are for when a game is removed from your library. If you have enrolled in any playtests, then at the end of the playtest they will revoke the license. The yellow notification is for that
Thank you so much. I had the alert and no idea why. No matter how much I clicked on it or looked through my account, I found nothing. Following your advice I minimized basically everything I had open. There, at the very back of everything, was a notice to agree to the new subscription terms.