Bank-Issued Gift Cards Known as the Worst Fee Offenders
An article titled "Giving a Gift to Merchants and Banks" By M. P. Dunleavey in today's New York Times discusses "hidden fees" associated with gift cards. While retailers have largely dropped such fees - in response to, among other things, a number of states adopting laws prohibiting them and action by the FTC against a couple of major merchants - banks haven't. Dunleavey writes "While it’s good to know there has been progress on the retail front, bank-issued gift cards are widely known as the worst fee offenders."
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