Jennifer Borden Reports: Retailers Facing Unclaimed Property Issues Around Unclaimed Gift Cards
Post by: Karen Anderson
We’re a few months removed from the holidays and, once again, gift cards were one of the top gift items of the season. From Yankee Swaps to the last minute gift for your babysitter, it’s easy to [...]
Proposed Federal Gift Card Legislation Tightens Expiration Date and Inactivity Fee Restrictions
Post by: Karen Anderson
Recently, Sen. Richard Blumenthal (D-Conn.) announced the introduction of a bill entitled, “The Gift Card Consumer Protection Act” which amends federal laws such as the Electronic Funds Transfer Act of 1978 and has implications for [...]
State of New Jersey Requests the Supreme Court Review Gift Card Decision
Post by: Karen Anderson
The New Jersey Treasury Department has petitioned the U.S. Supreme Court requesting that they review and adjust the rules regarding which state may take claim to the value of unused gift cards. In Summer 2010, [...]
New Jersey Gift Card Legislation Signed Into Law
Post by: Karen Anderson
On Friday, June 29, 2012, New Jersey Governor Christie signed SB 1928 into law, a bill that changes the disputed NJ unclaimed property-related gift card statutory provisions enacted in summer 2010, and also modifies NJ [...]
More Companies Announce Gift Card Pullout Due To NJ Law
Post by: Karen Anderson
Joining American Express which made a similar move days before, InComm and Blackhawk Network in separate announcements on April 5th indicated that they would stop distributing gift cards in New Jersey stores. The two companies supply gift cards [...]
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