WASHINGTON — The Federal Reserve on Tuesday issued the first federal regulations governing gift cards, limiting the fees and expiration dates that have been commonly used by credit card companies and retailers.
Under the Fed’s new rules, gift card issuers will only be able to impose fees on gift cards in specific circumstances. The guidelines go into effect Aug. 22.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"