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Board of Governors of the Federal Reserve System
The Federal Reserve, the central bank of the United States, provides the nation with a
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Press Release
August 11, 2010

Federal Reserve implements legislation
regarding effective dates for gift card rules
For immediate release
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The Federal Reserve Board on Wednesday announced its approval of
an interim final rule implementing recent legislation modifying the
effective date of certain disclosure requirements applicable to gift cards
under the Credit Card Accountability Responsibility and Disclosure Act
of 2009. For gift certificates, store gift cards, and general-use prepaid
cards produced prior to April 1, 2010, the legislation and interim final rule
delay the August 22, 2010, effective date of these disclosures until
January 31, 2011, provided that several conditions are met.
The interim final rule is effective August 22, 2010. The Board is,
however, seeking public comment on the interim final rule. Comments
on the interim final rule must be submitted within 30 days after
publication in the Federal Register, which is expected shortly.
The Board's notice is attached.
Federal Register notice: HTML | 53 KB PDF

Last Update: August 11, 2010

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BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM
20th Street and Constitution Avenue N.W., Washington, DC 20551