VIEWPOINT: Are you CARD Act-Ready? (PDF-431kb)
VIEWPOINT: Are you CARD Act-Ready?
Deborah S. Thoren-Peden,
Amy L. Pierce
Among the many financial reforms enacted in the past year is the federal Credit Card Accountability, Responsibility and Disclosure Act, which includes provisions that apply to gift cards. These provisions, taking effect Aug. 22, will have a significant impact on banks because the act covers a broad range of products and services. This article, written by Consumer & Retail partner Deborah Thoren-Peden and Litigation associate Amy Pierce, originally appeared in the June 25, 2010 issue of American Banker.