Another article in Today’s Wall Street Journal (States Get More Power to Challenge National Banks) might effect gift cards in the future. The issue is a Supreme Court rulling on Monday that partially overturns Federal rules on Bank regulation, allowing States procecutors to go after Federally chartered banks for violating certain fair lending practices. With respect to gift cards, Federally chartered banks have used the excuse that they are only regulated by the Federal government to thwart efforts by States to apply gift card laws to them. While this ruling doesn’t currently give States the power to go after banks in violation of their gift card laws, it is possibly a step in that direction.