Gift cards: 5-year limit, expiration…. New Rules Limit Gift Card Fees - BBB News…

Posted November 30, 2011 by admin

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The Federal Reserve Board of Governors in Washington DC..

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photography by giantOne As gift cards have become increasingly popular in recent years, so has the hidden fees charged against unsuspecting customers. Gift

State Gift Card Consumer Protection Laws * State Gift Card Consumer Protection Laws

On March 23, 2010, the Federal Reserve Board announced the final rules included in the Credit CARD Act of 2009 regarding gift cards, which take effect on August 22, 2010. BBB.

he Federal Reserve Board has announced final rules to restrict the fees and expiration dates that may apply to gift cards. According to the Fed, "the rules protect consumers.

Consumer Action: Consumer education and advocacy since 1971

Federal Reserve Announces Final Rules to Restrict Fees and Expiration Dates on Gift Cards

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The Federal Reserve Board of Governors in Washington DC..

Clearer disclosures of gift fees terms and conditions are also included in the rules that take effect in August 2010.

There are few experiences more frustrating than attempting to redeem the contents of a gift card and being turned down. Restaurants, both of high caliber and quick service.

19.12.2005 · More than 75% of consumers plan to buy at least one gift card this year, according to the National Retail Federation. More than half of consumers surveyed said they.

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Washington consumers can soon rest easy knowing that, for the most part, their gift certificates won't expire or be nibbled away by fees. But besides making good on purchases.

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With the gift card industry growing in the presence of more internet shopping, its important to know about laws that businesses issuing gift cards must follow. Our personal.

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23.03.2010 · NEW YORK (CNNMoney.com) -- The Federal Reserve announced final rules for gift cards Tuesday that the central bank says will help protect consumers from unexpected.

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17.11.2009 · After stepping into the debit card overdraft fray, the Federal Reserve is now taking on gift cards. Proposed new regulations would limit the number of fees assessed.

Wondering if the new gift card expiration laws protect you from an expired gift card? Knowing your gift card expiration date is important, but maybe not as important as the new.

Gift cards may have brought smiles to millions of faces this holiday season, but a slew of fees could end up turning many of these can't-miss gifts into booby prizes. If you.

State Gift Card Consumer Protection Laws* The following is a summary of state gift card laws. The Credit CARD Act of 2009 may provide additional gift card protections.

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Gift Card Fees. If you purchased a $25 gift card a year ago from a certain large chain of book stores, it may be worth $20 or less today, without spending a dime.

You probably gave or received a gift card this holiday season. Today we look at some of the protections gift card holders have under Illinois and Federal law.

Gov. Jennifer Granholm this week signed into law legislation mandating that any gift cards or certificates sold after that date cannot expire in less than five years after.

An Open Letter to Industry Members. To my friends in the industry: I spent a good deal of time in the last few days with a young woman named Jessie Margolis who presents.