
Businesses are Required to Post a Warning About Potential Gift Card Fraud
the staff of the Ridgewood blog
Pearl River NY, Orange and Rockland Utilities today advised its customers that New York State has adopted a new consumer protection law designed to help shield NYS consumers from potential gift card scams.
The new law requires all businesses selling gift cards to display a notice at or near where any gift cards or gift certificates are displayed or sold to alert consumers about gift card fraud.
Requesting gift cards as payment has become increasingly popular with thieves as funds are nearly impossible to trace. According to the Federal Trade Commission in 2022, nearly 65,000 consumers filed a complaint related to gift card scams, equating to a total loss of $228.3 million.
Continue reading ORANGE AND ROCKLAND UTILITIES: NEW LAW TO GUARD AGAINST GIFT CARD SCAMS