Gift Cards Declutter Your Apartment

The Los Angeles Times

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.