Michigan Passes Law to Combat Gift Card Fraud
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Michigan passed and signed House Bills 4598 and 4599, which amend the Organized Retail Crime Act to include gift card fraud. The legislation prohibits individuals from knowingly and intentionally acquiring, altering, or exploiting gift cards or their redemption information to obtain value.
From wilx.com
Why it matters
The new law establishes specific criminal prohibitions against gift card fraud within Michigan. It defines terms such as 'issuer' and 'seller' to regulate the business practices surrounding the sale and issuance of gift cards.
From wilx.com
Who's involved
- MichiganState that passed and signed the legislation to combat fraud
- Gretchen WhitmerGovernor who signed the bipartisan bills into law
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MichiganSpeculative
Merchants engaged in selling gift cards might face increased compliance costs under the amended Organized Retail Crime Act.
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The entities involved
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Michigan
state of the United States of America
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Gretchen Whitmer
American politician and attorney (born 1971)
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Department of Health & Human Services
government department in the state of Victoria, Australia