Alert August 10, 2010

Credit Card Act Amended to Delay Certain Gift Card Disclosures

President Obama signed into law HR 5502, an act amending the effective date of certain gift card disclosure provisions contained in the Credit Card Accountability Responsibility and Disclosure Act. The amendment applies to gift cards produced before April 1, and postpones until January 31, 2011 certain on-card disclosure requirements. Click here for the amendment.