24386 Federal Register / Vol. 78, No. 80 / Thursday, April 25, 2013 / Notices 

1 15 U.S.C. 1693q; 12 CFR 1005.12(b). 

2 15 U.S.C. 1693q. 

3 Id. 

4 12 CFR 1005.12(b) (emphasis added). 

5The requests relating to New Jersey’s and 

Tennessee’s laws came from payment card industry 

representatives. Maine’s Office of the State 

Treasurer submitted a request relating to Maine’s 

law to the Board of Governors of the Federal 

Reserve System. The Board did not respond to 

Maine’s request before the Board’s powers and 

duties relating to consumer financial protection 

functions transferred to the Bureau on July 21, 

2011. The Bureau thus inherited responsibility for 

responding to Maine’s pending request. The Maine, 

Tennessee, and New Jersey requests are available 

for public inspection and copying, consistent with 

the Bureau’s rules on disclosure of records and 

information. See 12 CFR part 1070. 

COMMODITY FUTURES TRADING 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 10:00 a.m., Friday, May 

17, 2013. 

PLACE: 1155 21st St. NW., Washington, 

DC, 9th Floor Commission Conference 

Room. 

STATUS: Closed. 

MATTERS TO BE CONSIDERED: Surveillance 

and Enforcement Matters. In the event 

that the times or dates of this or any 

future meetings change, an 

announcement of the change, along with 

the new time and place of the meeting 

will be posted on the Commission’s 

Web site at http://www.cftc.gov. 

CONTACT PERSON FOR MORE INFORMATION: 

Melissa D. Jurgens, 202–418–5516. 

Natise Stowe, 

Executive Assistant. 

[FR Doc. 2013–09849 Filed 4–23–13; 11:15 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 10:00 a.m., Friday, May 

31, 2013. 

PLACE: 1155 21st St. NW., Washington, 

DC, 9th Floor Commission Conference 

Room. 

STATUS: Closed. 

MATTERS TO BE CONSIDERED: Surveillance 

and Enforcement Matters. In the event 

that the times or dates of this or any 

future meetings change, an 

announcement of the change, along with 

the new time and place of the meeting 

will be posted on the Commission’s 

Web site at http://www.cftc.gov. 

CONTACT PERSON FOR MORE INFORMATION: 

Melissa D. Jurgens, 202–418–5516. 

Natise Stowe, 

Executive Assistant. 

[FR Doc. 2013–09851 Filed 4–23–13; 11:15 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 10:00 a.m., Friday, May 

24, 2013. 

PLACE: 1155 21st St. NW., Washington, 

DC, 9th Floor Commission Conference 

Room. 

STATUS: Closed. 

MATTERS TO BE CONSIDERED: Surveillance 

and Enforcement Matters. In the event 

that the times or dates of this or any 

future meetings change, an 

announcement of the change, along with 

the new time and place of the meeting 

will be posted on the Commission’s 

Web site at http://www.cftc.gov. 

CONTACT PERSON FOR MORE INFORMATION: 

Melissa D. Jurgens, 202–418–5516. 

Natise Stowe, 

Executive Assistant. 

[FR Doc. 2013–09850 Filed 4–23–13; 11:15 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 10:00 a.m., Friday, May 

10, 2013. 

PLACE: 1155 21st St. NW., Washington, 

DC, 9th Floor Commission Conference 

Room. 

STATUS: Closed. 

MATTERS TO BE CONSIDERED: Surveillance 

and Enforcement Matters. In the event 

that the times or dates of this or any 

future meetings change, an 

announcement of the change, along with 

the new time and place of the meeting 

will be posted on the Commission’s 

Web site at http://www.cftc.gov. 

CONTACT PERSON FOR MORE INFORMATION: 

Melissa D. Jurgens, 202–418–5516. 

Natise Stowe, 

Executive Assistant. 

[FR Doc. 2013–09848 Filed 4–23–13; 11:15 am] 

BILLING CODE 6351–01–P 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

[Docket No. CFPB–2012–0036] 

Electronic Fund Transfers; 

Determination of Effect on State Laws 

(Maine and Tennessee) 

AGENCY: Bureau of Consumer Financial 

Protection. 

ACTION: Notice of preemption 

determination. 

SUMMARY: The Bureau of Consumer 

Financial Protection (Bureau) is 

publishing a final determination as to 

whether certain laws of Maine and 

Tennessee relating to unclaimed gift 

cards are inconsistent with and 

preempted by the Electronic Fund 

Transfer Act and Regulation E. The 

Bureau has determined that it has no 

basis for concluding that the provisions 

at issue in Maine’s unclaimed property 

law relating to gift cards are inconsistent 

with, or therefore preempted by, Federal 

law. As discussed below, however, the 

Bureau has determined that one 

provision in Tennessee’s unclaimed 

property law relating to gift cards is 

inconsistent with, and therefore 

preempted by, Federal law. 

DATES: The determination is effective 

April 25, 2013. 

FOR FURTHER INFORMATION CONTACT: 

Courtney Jean or Terry Randall, Office 

of Regulations, at (202) 435–7700. 

SUPPLEMENTARY INFORMATION: 

I. Background 

The Electronic Fund Transfer Act 

(EFTA), as amended by the Credit Card 

Accountability and Responsibility and 

Disclosure Act of 2009, and as 

implemented by the Bureau’s 

Regulation E, provides that the Bureau 

shall make a preemption determination 

upon its own motion, or upon the 

request of any State, financial 

institution, or other interested party, as 

to whether any inconsistency exists 

between the EFTA and State law 

‘‘relating to,’’ among other things, 

‘‘expiration dates of gift certificates, 

store gift cards, or general-use prepaid 

cards.’’ 1 The EFTA preempts such a 

State law only to the extent of any 

inconsistency.2 Furthermore, a State law 

is not considered inconsistent with the 

EFTA if the State law affords consumers 

greater protection than the EFTA.3

Regulation E specifies that State law is 

inconsistent with the requirements of 

the EFTA and Regulation E if, among 

other things, the State law ‘‘requires or 

permits a practice or act prohibited by 

the federal law.’’ 4

The Bureau received three requests 

for determinations as to whether 

provisions in the EFTA and Regulation 

E (referred to hereinafter simply as 

‘‘Federal law’’) relating to gift card 

expiration dates preempt certain 

unclaimed property law provisions in 

Maine, Tennessee, and New Jersey 

relating to gift cards.5 The Bureau 

published a notice of intent to make a 


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