Last year we heard the Federal Consumer Agency clearly state that they were considering new rules for the rapidly growing, but mostly unregulated industry;  Gift Cards, and re-loadable debit/ cards.

There are no industry standards, fee disclosures or protections that people often simply assume come with a card, just like a credit card.  NOT TRUE!

There is industry wide concern that without some form of new regulation this industry has the potential to become rife with fees and high interest rates and unregulated overdraft charges.

This issue, we believe, is a sleeper, one that most of the economy is simply not paying close attention to.  The gift cards are ubiquitous on every web e-commerce site, and at the checkout of every drug store.  Who knew that these ad hoc financial instruments actually exist in a virtually unregulated environment.

Once again, a busy year for the Federal Consumer Agency, they have a full agenda, and we wish them well.


Marcadis Singer, PA
5104 South Westshore Blvd.
Tampa, Florida 33611
info @
(888) 547-1881
(813) 288-1881


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