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new gift card laws may mean dollars for you by Consumer Law q a calm did you know that Congress recently amended the federal electronic fund transfer Act to include certain rules restrictions and regulations applicable to gift cards and general use prepaid cards did you know that any business that violates the gift card or general use prepaid card provision of the electronic fund transfer act is liable for an amount not less than one hundred dollars and not greater than a thousand dollars did you know that in the case of a successful lawsuit to enforce the gift card or general use prepaid card provisions of the electronic fund transfer Act the business found liable for a violation of the Act must pay the plaintiffs attorneys fees and costs for example prior to selling a gift card or a general use prepaid card a business must provide the purchaser with information regarding the amount of any dormancy in activity or service fee that may be charged how often such fee may be assessed and