Commencing on September 1, 2015, Texas will join several other states in requiring that certain stored value cards be redeemable for cash.
Texas House Bill 2391, which becomes effective September 1, 2015, requires cash...more
Texas renews effort to require that certain stored value cards be redeemable for cash if the balance on the card is less than $2.50.
In early March, Texas House Bill 2391 was introduced. It would require a cash refund...more
Pennsylvania may be joining the several states that require that certain gift cards and gift certificates be redeemable for cash. Senate Bill 150 would require that a gift card or gift certificate be redeemable for cash when...more
Connecticut may join a number of states that currently require merchants to provide the remaining balances on gift cards to consumers in cash upon request....more
FinCEN recently issued interpretive guidance to clarify that it views certain activities involving convertible virtual currencies as money transmission services under the Bank Secrecy Act and FinCEN regulations. If your...more