Content Tagged As gift_cards

4 years 4 months ago

Fed cracks down on gift card abuses

The Federal Reserve has issued new rules to protect Americans from getting stung by unexpected fees or restrictions on gift cards. Under the new rules, consumers must have at least five years to use the gift cards before they expire. The Fed also says service or inactivity fees can be...

4 years 9 months ago

Fed wants to crack down on gift card abuses

The Federal Reserve is proposing new rules to protect consumers from unexpected costs or restrictions on gift cards. The changes would give consumers at least five years to use gift cards before they expire. Also, service or inactivity fees would be permitted only under certain conditions. Fees could be charged...

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