The bill would also prevent companies that file for bankruptcy from selling gift cards and require them to accept and honor unredeemed gift cards.
To gift card or not to gift card? That is the question. Here are the pros and cons of giving a gift card this holiday season.
Lawmakers voted last year to allow the seizure of cards after two to three years as a way to raise about $80 million and help balance the state’s budget.
Now there’s a way you can swap an unwanted gift card to a store you really love, or even turn it in for cash. It’s the gift card exchange.
Over the past two years, gift card sales were starting to cool, but people are spending more now, and they’re getting protections from the government.
New rules went into effect Sunday for credit and gift card users. The new regulations are designed to protect the public from abusive practices by card issuers.