Will check out our Treasury Department, don't know what it is called here in the state, but know that gift certificate complaints go thru the Consumer Protection here in the State.
I really don't understand the diff of Fed vs. State laws. Well, which over rides which. Maybe Federal would be if the gift cards are national vs. gift cards that are sold within the state. I am guessing here. I know that with Labor Laws, we have Federal Labor laws and State Labor Laws, the State is more strict than the Federal, but employers have to follow both. Same with Osha. Will have to do some research on this. As for the credit card charges, Yes, the company still says this is a MC/Visa charge, not their company. I still have to get on-line and do this "test" that we are required to do or get charged $20.00 a month service fee. A couple of the girls have done it and says it is a pain in the but, full of questions geared towards security. They told me all the answers are yes to pass with an A!!! hehehehe I have not had time to do this, but will see if this is MC/Visa security test or our supplier. Will let you know asap. MC/Visa and all other credit card companies are changing so fast right now because of the new Federal Laws that start next year. In my opinion, they are trying to get "new" money now, because they will lose next year. Just like others, their terms on their credit cards have changed because of their spending habits, use of cards, limits etc. does not matter if you have great credit scores or not. I have a Chase card, have not changed one bit, but many others have had their interest rates changed, balance availability or even closed. Sooo, maybe with our credit card machine, we were "hit" with this new annual fee because of the changes. Not everyone,not across the board, but whatever criteria we had, we qualified!!!I am just surprised that as many people that is on this list someone else didn't get this "new" annual fee.diana from indiana At 10:16 PM 11/17/2009, you wrote: >Diana, >In PA, with the escheat rules, all that is through the PA Treasury >Department. >BTW- did you get my info on the merchant account info? I did not >have those charges on my statement. >Buenos noches, >Lynnette >Sent via BlackBerry from T-Mobile > >-----Original Message----- >From: Diana Bonn <[email protected]> >Date: Tue, 17 Nov 2009 19:45:48 >To: <[email protected]> >Subject: NailTech:: Just don't know/Feds and Gift Cards > >What I don't know and we need to find out, if gift certificates are >the same as gift cards because of possible new laws starting next August. >The Federal Reserve Board made the announcement today for proposed >rules to protect the consumer. > >A couple of things, the gift cards will have a 5 year expiration >date. The monthly fee of not using cannot be subtracted from the >card for 12 months. > > >"Exclusions >Keep in mind that these new regulations will apply to conventional >gift cards. They will not apply to: > * prepaid telephone cards > * reloadable cards that are not marketed as or labeled as gift cards > * loyalty, rewards or promotional cards > * cards that are not available to the general public " >On the other hand as the statement says above they only apply to >"conventional gift cards", but gift certificates are not listed as an >exclusion. >My first guess would be no, this is not the same as a gift >certificate. But then if you think about it, this law could also be >for gift certificates. > >I just don't know. It is something that we need to know for fact, not >just in our opinion. > >In fact I have no idea who to contact to find out. I am going to >contact our AG office who is in charge of the Consumer Protection >Agency and see what her opinion would be. > >Then you get into the issue of state laws vs. fed laws. Will see >what I can find in this state, but all states are different. > >Here is the link to the whole article >http://www.creditcards.com/credit-card-news/gift-card-federal-reserve-regulations-1271.php > >diana from indiana > > >-- > >You received this message because you are subscribed to the Google >Groups "NailTech" group. >To post to this group, send email to [email protected]. >For more options, visit this group at >http://groups.google.com/group/nailtech?hl=. > > >-- > >You received this message because you are subscribed to the Google >Groups "NailTech" group. >To post to this group, send email to [email protected]. >For more options, visit this group at >http://groups.google.com/group/nailtech?hl=. -- You received this message because you are subscribed to the Google Groups "NailTech" group. To post to this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/nailtech?hl=.
