Consumer group wants to end $255M “gift card loophole” for …

Jan 5, 2024 · Consumer group wants to end $255M “gift card loophole” for Starbucks and others. Consumer group wants to end $255M “gift card loophole” for Starbucks and others 0 . Enlarge …

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Jan 6, 2024 · Enlarge / Starbucks’ Rewards programs are a key part of their revenue. How the company deals with unspent amounts in that app could change under new Washington state …

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Jan 5, 2024 · Changes to Washington’s gift card laws could affect cardholders nationwide.

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Consumer Group Wants To End $255M “gift Card Loophole” For …

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Consumer Group Wants To End $255M “gift Card Loophole” For …

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Jan 5, 2024 · For Starbucks, they are worth hundreds of millions of dollars each year, according to a consumer advocacy group in Washington state that wants to end the "Gift Card …

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For Starbucks, they are worth hundreds of millions of dollars each year, according to a consumer advocacy group in Washington state that wants to end the "Gift Card Loophole."

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Consumer Group Wants To End $255M “gift Card Loophole” For …

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FAQs about Consumer group wants to end $255M “gift card loophole” for … Coupon?

How will changes to Washington's Gift Card laws affect cardholders?

Changes to Washington's gift card laws could affect cardholders nationwide. Enlarge / Starbucks' Rewards programs are a key part of their revenue. How the company deals with unspent amounts in that app could change under new Washington state proposals. ...

Will changes in Washington State affect gift and loyalty cards?

Changes in the coffee giant's home state could affect gift and loyalty cards nationwide. The Washington Consumer Protection Coalition (which notes that its top funding contributor is the Service Employees International Union) is pushing state legislators to remove a provision dating back to 2004. ...

Are Fortune 500 companies required to transfer unspent gift balances to unclaimed property?

More than 70 percent of Fortune 500 companies are required to transfer unspent gift balances to unclaimed property programs in the states where they incorporate, according to the WCPC and legislators, including Amazon and Walmart. ...

What reforms will be made before a gift card reload?

Before that happens, other reforms would allow for cashing out small amounts left on gift cards (by combining them with cash for payment, for example), requiring companies to inform customers of unspent funds before they are diverted, and potentially removing minimum "reload" amounts on phone apps. ...