Client Alert: New Federal Gift Card Statutes and Regulations

The Credit Card Accountability Responsibility and Disclosure Act of 2009 (the "Credit CARD Act") was signed into law on May 22, 2009. Among other things, the Credit CARD Act amends the Electronic Fund Transfer Act to establish a federal law on general-use prepaid cards, gift certificates and store gift cards, effective August 22, 2010.

Click on the link below to learn more about these new statutes and regulations.