The Bristol Blog features news and information about Bristol, Connecticut.
January 12, 2009
Colapietro seeks help to protect gift card holders
Press release today from state Sen. Tom Colapietro, a Bristol Democrat whose 31st District includes Plymouth, Bristol, Plainville and part of Harwinton:
SEN. COLAPIETRO ASKS MEMBERS OF CONGRESS FROM
CONNECTICUT TO PROTECT CONSUMERS FROM PAYING FEES ON GIFT CARDS
Hartford - The co-chair of the General Law Committee, Senator Tom Colapietro (D-Bristol) is asking members of Connecticut’s Congressional delegation to back legislation that will prevent consumers in our state from having to pay fees on certain gift cards.He said large banks not chartered in Connecticut are hurting consumers by trying to get around a state law that took effect in 2005 that bans fees on gift certificates.
PA 05-273 An Act Concerning Dormancy Charges and Gift Certificates prohibits retailers and other property holders from imposing dormancy charges or fees, inactivity charges, or any similar charges, fee, or penalty for inactivity on gift certificates.
Senator Colapietro said because Connecticut does not have control over federal banks some banks are trying to circumvent the law in on gift certificates and cards by charging a fee once the credit card receives a Visa or MasterCard logo.
“This is totally unfair to consumers in Connecticut because the person who purchases the gift card will pay a fee and the person who receives the card will pay a fee once the expiration date is added to the card,” said Senator Colapietro.“This is contrary to state law and should not be allowed to continue.”
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