Foot Locker sued over gift card dormancy fees

Foot Locker sued over gift card dormancy fees
Tags: Payments, Retail - Apparel, Retail - Mall, Specialty Stores, Stored Value/ Gift Cards
October 13, 2008

Associated Press: A New Jersey man is taking on athletic apparel giant Foot Locker over the store's gift card policies, charging in court papers that they violate New Jersey's consumer laws.

In a lawsuit filed in late August in Middlesex County, Sayreville resident Joseph Vona claims that Foot Locker's use of so-called dormancy fees — a small fee charged to the gift card if it hasn't been used for a period of time — are contrary to a state law passed in 2006 under the auspices of the Consumer Fraud Act.

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