efta gift card expiration dates

Federal Register | Electronic Fund.
... with gift cards, the expiration dates of gift cards, and the. service fees and the terms of expiration. Specifically, EFTA Section 915 applies to gift certificates, store gift cards.
Sidley Austin LLP - News & Resources.
Federal and State Laws Governing Expiration Dates. At the federal level, the CARD Act, which amended the Electronic Fund Transfer Act ( EFTA), prohibits gift certificates and gift.
Ballard Spahr Media Coverage
For example, some gift cards produced before April 1, 2010 may bear expiration dates of less than. compliance with the EFTA by permitting gift certificates, store gift cards, and.
Re: Proposed Rule to Govern Gift Cards Under the Credit Card.
Gift Card Fees. Expiration Dates. The EFTA also generally prohibits companies from imposing dormancy, inactivity, or service fees on gift certificates, store gift cards, and general.
Proposed Gift Card Rule Implementing.
12.06.2010 · ... discussion of the Proposed Rules notes that the EFTA, as amended by the CARD Act, does not preempt that any state laws that address fees or expiration dates for gift.
Consumer Financial Products Legal Insight
• Expiration date restrictions. A Gift Card may not be sold or issued unless: (1) the expiration date. greater protection for the consumer than the Credit CARD Act. Thus, the EFTA.
Marovitch Law Firm, LLC | Practice Areas
... the CARD Act provision restricting expiration dates. Under Proposed Alternative A, a gift card. to which other provisions of the EFTA or Regulation E should apply to gift cards or.
Federal Register Notice--Regulation E, Gift Cards, Final Rule
This could lead to a disparity in the gift card expiration date and funds expiration date because the. any of the other requirements that generally apply to accounts under the EFTA.
Consumer Advertising Law Blog:.
... Act) that become effective on August 22, 2010. 1 The Act amended the Electronic Fund Transfer Act ( EFTA) to restrict fees and expiration dates on gift certificates, store gift cards.
FR notice--Federal Reserve proposes rules to restrict fees and.
... expiration dates of gift cards,. EFTA does not preempt any state laws that address dormancy, inactivity, or service fees or expiration dates for gift certificates, store gift cards, or.
FR Notice: Interim final rule; request for public comment
... the final gift card rule's substantive fee and expiration date. implemented EFTA Section 915(c)(2)(B), requires disclosure of the expiration date for the certificate or card's.
Federal Reserve System
The Board also added section 205.20 to restrict fees and expiration dates on gift cards, and to require. describes transfers that are not EFTs and are therefore not covered by the EFTA.
The Prepaid Press - The Legal Line
... for implementing the CARD Ac restricting expiration dates. Under Proposed Alternative A, a gift card or. Additional EFTA Protections The CARD Act directs the Board to determine.
Gift Cards: Federal Reserve Board Issues Final Regulation E Amendments
The Act amends the EFTA to limit the fees imposed upon, and requires expiration dates for, electronic gift cards, gift certificates and store cards; and ● Studies and Reports.
financial services alert
For more background on the gift card provisions of the EFTA and the Rules, see the K&L. expiration date for the underlying funds (as opposed to the expiration date for the Gift Card.