What's New: New Rules for Gift Cards

Thursday, June 10, 2010 at 8:39AM
Banking Spectrum in Compliance, Operations, What's New

New Federal Reserve rules provide important protections for the purchase and use of gift cards. The final rules under Regulation Z that implement the Credit CARD Act of 2009, restrict the fees and expiration dates applicable to gift cards and apply to gift cards sold on or after August 22, 2010.

Content on this topic has been added to The Gold Book.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).