Attorney General James Secures $4.4 Million Settlement Over Illegally Withheld Gift Card Funds
(WNY News Now) Attorney General Letitia James recovers millions for customers by holding Card Compliant LLC responsible for helping H&M get around New York's gift card regulations.
NEW YORK In violation of New York law, New York Attorney General Letitia James today obtained nearly $4.4 million from Card Compliant LLC (Card Compliant), a gift card firm, for willfully assisting well-known fashion store H&M in keeping millions of dollars in unused gift card payments from New Yorkers. Unused balances on gift cards that New Yorkers should have been able to collect through the state's Office of Unclaimed Funds were withheld by H&M for years. In order to provide the impression that Card Compliant, an out-of-state business, was managing H&M's gift card business and was exempt f...