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NEWS & C·A·R·D ALERTS™
UPDATE: Arizona Department of Revenue has Issued an Advisory Report Regarding the Error in the Removal of the Gift Card Exemption
UPDATE: Arizona Governor’s Office Confirms that Removal of Gift Card Exemption was in Error
Arizona Amends Unclaimed Property Act to remove Gift Card and other Exemptions for Unclaimed Property
Arizona Requests Holders Submit an Unclaimed Property Notification Report
California Proposes to Extend the Abandonment Period for Unclaimed Property
The Regulatory Watch Center monitors changes in rules, regulations and standards governing the prepaid card industry. Monitored subjects include federal law, state and territorial laws, accounting standards, and tax rules.
The Regulatory Watch Center covers proposed changes and implemented changes. To watch the status of proposed changes currently in process, click on the category for New Rules.
The Regulatory Watch Center releases C·A·R·D Alerts to advise of changes. If you would like to receive the C·A·R·D Alerts by email, please subscribe via the provided tabs. To gain access to the libraries, visit Contact Us.
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UPDATE: Arizona Department of Revenue has Issued an Advisory Report Regarding the Error in the Removal of the Gift Card Exemption
Aug 2026
Leawood, Kan. – August 3, 2026: Recall our previous Card Alert that the Arizona Governor’s Office had issued a statement that striking the property...
UPDATE: Arizona Governor’s Office Confirms that Removal of Gift Card Exemption was in Error
Jul 2026
Leawood, Kan. – July 24, 2026: Recall that just last week we announced that the Arizona Legislature enacted Senate Bill 1366 (“SB 1366”) that...
Arizona Amends Unclaimed Property Act to remove Gift Card and other Exemptions for Unclaimed Property
Jul 2026
Leawood, Kan. – July 17, 2026: The Arizona Legislature, with the approval of the Arizona Governor, have enacted Senate Bill 1366 (“SB 1366”) that...
Arizona Requests Holders Submit an Unclaimed Property Notification Report
Jun 2026
Leawood, Kan. – June 17, 2026: Last week the Arizona Department of Revenue sent out a request that holders submit a data only unclaimed property...
California Proposes to Extend the Abandonment Period for Unclaimed Property
Jun 2026
Leawood, Kan. – June 12, 2026: The California Senate has introduced and passed Senate Bill 1066 (“SB 1066”) that seeks to amend the California...
Update: Florida’s Push to Curtail the Use of Expiration Dates and Dormancy Fees on Closed Loop Cards Fails
Apr 2026
Leawood, Kan. – April 3, 2026: Last month, the legislative session ended for the state of Florida without any further action on House Bill 707 and...
Reminder: Starting April 1, 2026 California Raises Mandatory Gift Card Cash Redemption to $15
Feb 2026
Leawood, Kan. – February 13, 2026: As you may recall, effective April 1, 2026, California law will require cash redemption when the remaining...
Wisconsin Proposes a Gift Card Consumer Protection Statute Similar to the Federal CARD Act
Feb 2026
Leawood, Kan. – February 6, 2026: The several members of the Wisconsin Assembly introduced Assembly Bill 894 (“AB 894”) during the 2025–2026...
Florida Seeks to Ban Expiration Dates and Dormancy Fees on Closed Loop Promotional Cards Given to Consumers
Jan 2026
Leawood, Kan. – January 9, 2026: Florida lawmakers are moving toward tighter consumer protections around promotional gift cards. Florida House Bill...
The End of the Penny and What It Means for Gift Card Regulation
Nov 2025
Leawood, Kansas – 11/21/2025: On November 12, 2025, the U.S. Mint struck its final penny for general circulation after more than 230 years of...
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