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>State, retailers spar over gift-card unspent-funds law

>State, retailers spar over gift-card unspent-funds law


The state fired back today at American Express and other opponents of the gift card unspent funds law.
“The large card companies would have you believe that the state is ‘grabbing’ or ‘taxing’ gift cards. That is a total fabrication and nothing more than part of a misinformation campaign designed to protect giant card issuers’ anti-consumer business practices and unjustifiable profit-grabs from abandoned or forgotten gift cards,” the Treasury Department stated in a release it issued today.  (Mooney, State Street Wire)

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