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Anna M. Graves Pillsbury Winthrop Shaw Pittman LLP

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CARD Act: loyalty, award and promotional card, code and other device exemption *

USA - May 5 2010
Effective August 22, 2010, loyalty, award and promotional "cards, codes and other devices" must comply with strict disclosure requirements set forth in new federal law, or otherwise (at least in most instances) be subject to the new federal law restricting fees on these instruments and prohibiting expiration in less than five years.

Co-authors: Christine A. Scheuneman, Amy L. Pierce, Greg L. Johnson, Deborah S. Thoren-Peden.