Senate Bill Targets 'Unreasonable' Gift Card Policies

Law360, New York (March 27, 2009, 12:00 AM EDT) -- Sen. Charles Schumer, D-N.Y., has introduced a consumer protection bill to tackle the “unreasonable” expiration dates and fees that keep many consumers from cashing in on retail store gift cards.

According to Schumer, who put forth the bill March 25 along with co-sponsor Mark Udall, D-Colo., roughly 27 percent of gift cards go unused, largely because of “cumbersome” expiration dates and fees that detract from the cards’ value.

“It used to be that searching for the latest bargain or sale was the biggest challenge for shoppers,...
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