OTS Issues Gift Card Guidance Guidelines. Guidance encourages more uniform practices among thrifts that offer gift card programs. About 20 percent of OTS-regulated institutions now offer some form of gift card. OTS Director John Reich: Gift card programs are a natural extension of the retail focus of the thrift charter. Its important that institutions focus on the importance of disclosing and educating their customers regarding new and emerging retail products The guidance reminds institutions on avoiding the use of misleading promotional materials.”]
Source: https://www.bankinfosecurity.com/ots-issues-gift-card-guidance-a-195