Conn. to enforce gift card rules with federal law

March 23, 2010

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HARTFORD, Conn.—Attorney General Richard Blumenthal says Connecticut will be able to enforce state gift card protections beginning in August when federal legislation takes effect.

He said Tuesday that the Federal Reserve confirmed that the Credit Card Accountability and Disclosure Act reinstates Connecticut's authority to enforce its gift card laws on all cards, including those issued by national banks.

The law goes into effect Aug. 22.

Blumenthal, who is seeking the Democratic nomination for U.S. Senate, says protections will help consumers who face what he calls improper deadlines, fees and charges.

The Federal Reserve issued rules Tuesday giving consumers at least five years to use gift cards before they expire. The Fed also says service or inactivity fees can be imposed only under certain conditions.