Gift Card Settlement Refunds Quarter Million Dollars In Inactivity Fees

A Connecticut mall has to pay $259,000 in settlement fees to consumers who bought gift cards that had monthly inactivity fees.

The Crystal Mall in Waterford allegedly charged the illegal fees to customers with cards from 2003-2005. The settlement is the result of a lawsuit Connecticut Attorney General Richard Blumenthal filed against the mall’s owners, Simon Property Group, in 2004.

Attorney General, DCP, Treasurer Announce $308,000 Settlement With Crystal Mall Owners For Alleged Violations Of State Gift Card Laws [via Tightwad Tod]
(Photo: The Joy of the Mundane)