Describes the amendments to Regulation E made to implement the gift card provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act). Explores the protections for consumers that purchase or use gift cards, and reviews the types of products covered, restrictions on fees and expiration dates, and the disclosures required to be on the card or with the card.
After completing this course, students will be able to:
• Identify the types of gift cards that are and are not covered under Regulation E
• Describe the disclosure requirements for gift cards
• Explain the provisions for card fees and expiration dates
• Describe the disclosure requirements for loyalty, reward, or promotional cards