Gift Cards Declutter Your Apartment
reports that the Federal Reserve has proposed new rules to protect gift card users from fees and unexpected restrictions that result in the loss of a card's value.
The proposed rules would prohibit fees associated with inactivity. It would also limit tacked-on "service fees" on gift cards to a maximum of once a month, preventing the erosion of a card's value. Most critically, customers would need to be given clear and conspicuous disclosures about all fees.
