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OCC Warns Consumers on Gift Cards

The Office of the Comptroller of the Currency has formally warned consumers to pay close attention the fine print on the gift cards they might buy this year. The announcement reminded consumers that "gift cards can have expiration dates, fees and other terms that can reduce their value. Other terms...

By David Morrison | Updated on November 26, 2007

WASHINGTON — The Office of the Comptroller of the Currency has formally warned consumers to pay close attention the fine print on the gift cards they might buy this year. The announcement reminded consumers that “gift cards can have expiration dates, fees and other terms that can reduce their value. Other terms may limit where cards can be used or explain handling complaints and lost or stolen cards.”

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