OCC 2006-34
OCC Bulletin Subject: Gift Card Disclosures
Description: Guidance on Disclosure and Marketing Issues Date: August 14, 2006 TO: Chief Executive Officers and Compliance Officers of
All National Banks, Department and Division Heads,
and All Examining Personnel PURPOSE AND SCOPE This bulletin is intended to provide guidance to national
banks on a number of disclosure and marketing issues
presented by gift cards, so that national banks that
issue gift cards do so in a manner in which both
purchasers and recipients of gift cards are fully
informed of the terms and conditions of the product.(1) |
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Gift cards are a very popular method of gift-giving. They are available for retailers ranging from department stores to movie theatres, as well as in general-purpose forms that are branded with major credit card names. However, not all gift cards are created equal. Provided here is a guide to some of the conditions that may apply to gift cards. |
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