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House bill would add gift-card balances to bankruptcy priority provision
H.R.10595 expressly includes unredeemed merchant gift-card funds in its proposed consumer-deposit provision. The September 24 filing is a bill, not law.
News mentioning U.S. House, with the latest coverage from Gift Card News.
H.R.10595 expressly includes unredeemed merchant gift-card funds in its proposed consumer-deposit provision. The September 24 filing is a bill, not law.
The House proposal would create training on purchases above USD500 at larger retailers, alongside separate fraud-reporting duties for covered financial institutions.