{"id":331,"date":"2009-07-20T20:05:23","date_gmt":"2009-07-20T20:05:23","guid":{"rendered":"http:\/\/www.giftcardadvocate.org\/news\/?p=331"},"modified":"2010-04-06T20:08:28","modified_gmt":"2010-04-06T20:08:28","slug":"gift-card-industry-complains-about-new-consumer-rules","status":"publish","type":"post","link":"http:\/\/www.giftcardadvocate.org\/news\/?p=331","title":{"rendered":"Gift Card Industry Complains About New Consumer Rules"},"content":{"rendered":"<p>According to this\u00a0<a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20090708-712227.html\">WSJ article<\/a>, gift card industry is not happy about a the latest Treasury Department proposal for a US consumer watchdog agency. Specifically, they don&#8217;t like the proposed rule giving power to State&#8217;s laws in cases where they are more powerful than Federal laws.<\/p>\n<p>The new breed of gift card laws will hit the cash cow open-loop cards (Visa, Mastercard) particular hard as they have been almost minting money with their high fees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to this\u00a0WSJ article, gift card industry is not happy about a the latest Treasury Department proposal for a US consumer watchdog agency. Specifically, they don&#8217;t like the proposed rule giving power to State&#8217;s laws in cases where they are more powerful than Federal laws. The new breed of gift card laws will hit the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-331","post","type-post","status-publish","format-standard","hentry","category-legal"],"_links":{"self":[{"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=\/wp\/v2\/posts\/331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=331"}],"version-history":[{"count":2,"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=\/wp\/v2\/posts\/331\/revisions"}],"predecessor-version":[{"id":346,"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=\/wp\/v2\/posts\/331\/revisions\/346"}],"wp:attachment":[{"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=331"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.giftcardadvocate.org\/news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}