Legislation eyed to reform gift card protections | Queen Anne ...

Dec 19, 2023 · According to the Washington Community Action Network, the amount of unspent gift card money retained by large Washington retailers in 2004 was valued at $4 million, but has since grown to $255 million this year. If the legislation is enacted as proposed, consumers …

$4
OFF

Legislation Eyed To Reform Gift Card Protections | Queen Anne ...

1 week from now

queenannenews.com

$4
OFF

Legislation Eyed To Reform Gift Card Protections For Consumers

1 week from now

Dec 8, 2023 · According to the Washington Community Action Network, the amount of unspent gift card money retained by large Washington retailers in 2004 was valued at $4 million, but …

thecentersquare.com

$25
OFF

How Gift Card Rules In WA Could Change | The Seattle Times

1 week from now

Dec 5, 2023 · Companies with annual revenue below $25 million would be exempt from the requirement to transfer unspent gift card money to the state. Proponents estimate the …

seattletimes.com

$255
OFF

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

1 week from now

Jan 5, 2024 · A spokesperson for the Washington Hospitality Association said in a statement that there "is no loophole in Washington law" regarding gift cards and claimed that the proposed …

arstechnica.com

36%
OFF

#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

1 week from now

MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

youtube.com

FAQs about Legislation eyed to reform gift card protections | Queen Anne ... Coupon?

Will a new state law affect gift card balances?

But this proposed change to state law would require consumers to provide personal contact information to the state when they receive a gift card — something that lawmakers must understand consumers are extremely uninterested in and are unlikely to do — resulting in gift card balances simply staying with the state as new revenue. ...

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. ...

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. ...

Will Washington State make gift cards more consumer-friendly?

Advocates and some lawmakers want to change Washington state’s laws to make gift cards more consumer-friendly and to require that, after three years, unspent gift cards be transferred to the state as unclaimed property. The change could affect major companies based in Washington, like Starbucks and Nordstrom. ...

Should gift cards have a de facto expiration date?

“It is undoubtedly this sizable figure that most interests legislators who want to impose a de facto expiration date on your gift cards, classify unspent gift card balances as “abandoned” after this expiration date, and require the creation of a registry in order for consumers to reclaim them. ...