Undersecretary of the Office of Consumer Affairs and Business Regulation Barbara Anthony talks about giftcards .
"… August nothing yet. I'm very excited about this new losses and because giftcards are. If -- that they're great thing to get even more and more consumers instead of buying you know items clothing and things of that nature of the people that have to return. I mean -- gift card is a perfect gift however. Again you gotta be careful why because there are all kinds of fees associated with giving a giftcards -- gift card that keeps on giving in -- okay. So there's door currency fees you don't use it for so long -- to -- dormant -- and it puts it automatically comes off the -- everything about it. Segment -- maintenance thing you know it's in my pocket what what country is that. But and a variety of other fees so called and see how much is left in the balance and you gotta find that out exactly -- thus the so -- What consumers are out buying giftcards this season. Ask you know before you pay for the gift card flying out from the store you buying from what are …" at 0:31
"… It's the holiday season and you may be thinking about giving some giftcards to your friends relatives maybe even a co worker. Barbara Anthony the undersecretary of the office of consumer fears of business regulation joins us to talk about being smart about -- that. Barbara thanks so much for you for being with us it. This has been in the news giftcards generally have been news a lot lately for a couple of reasons the obvious that the season. But also his new federal …" at 0:03
"… than in Massachusetts. It's illegal. For these companies to charge fees for giftcards but the problem is -- many of these companies are are headquartered in other states and so that's how they get around …" at 1:32
What you need to know before you give or get giftcards this holiday season.
"… Project economy focusing on holiday shopping this evening once again retailers expect giftcards beat the top seller. But some are better buys than others is their five via Della Garza has the 411. …" at 0:00
"… I like giftcards but there's a lot of strings attached. …" at 0:13
"… So how do you avoid those strings simple spend them giftcards can get lost or forgot it. And while Massachusetts state law requires they remain valid for seven years angered Jaworski of consumer …" at 0:17
A man handing out Wal-Mart giftcards as good will gesture is asked to leave the store.
"… On Saturday bought thirteen hundred dollars worth -- ten dollar individual Wal-Mart giftcards from the Wal-Mart super center -- there's been landing. He's got the long -- store receipts to prove it. They asked what they -- these cards will but far from your store twenty minutes. Rudy -- you know giftcards it's always it's the right thing to do with the game isn't. Goldberg says he's an unemployed mortgage lending executives. And the …" at 0:12
Take a look at why returning gifts may be less stressful this holiday season.
"… long lines Powell warning for holiday shoppers -- maybe risky to buy giftcards from retailers that might be in financial trouble. That according to consumer reports the advocacy group says current economic conditions could -- …" at 0:57