Final Rule on Gift Cards

The following is an article reprinted with permission from the upcoming Fall 2010 edition of The WWR Letter: By: Matthew G. Burg, Associate Gift cards are popular gift items because they take some of the guesswork out of selecting the perfect gift. According to one survey, over 95% of Americans have received or purchased a…

Regulation E: Opt-In

The following is an article reprinted with permission from the upcoming Fall 2010 edition of The WWR Letter: By: Kevin A. Susman, Associate On November 12, 2009, the Federal Reserve Board (“FRB”) adopted a final rule (“Final Rule”) amending Regulation E, which implements the Electronic Funds Transfer Act. The Final Rule is meant to address…