Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUs are exempt from Michigans new gift card law
NORTHVILLE TOWNSHIP, Mich. (7/22/08)--Credit unions are exempt from a new gift card legislation signed into law July 10 by Gov. Jennifer Granholm, says the Michigan Credit Union League. House Bill 4680, introduced by State Rep. Michael Sak (D-Grand Rapids), is now Public Act 209 of 2008. It prohibits retailers from assessing inactivity fees against gift cards or gift certificates (Michigan Monitor July 21). It also establishes a minimum five-year expiration period from the date of issue on the gift card. Financial institutions that use multi-use gift cards, including credit unions, are exempt, said the league.
Other Resources

RSS print
News Now LiveWire
#NewsNow New league award honors Commitment to Cooperation http://t.co/OPt97flShn
49 minutes ago
.@Fiserv renews $250K benefactor commitment to @fileneresearch #NewsNow #System http://t.co/tRrfmLNv0n
1 hours ago
#NewsNow Debit card use wanes due to security fears http://t.co/RK6WolpxpT
2 hours ago
Are consumers bailing on cards, going back to using cash? via @CrainsChicago http://t.co/PrZLjA4zUv
2 hours ago
Will shoppers avoid data-breached retailers this holiday season? #NewsNow #creditunions http://t.co/nzI44BX2sq
2 hours ago