Many companies are breaking the law and you could be entitled to recover money when they do.
According to a body of federal law designed to protect consumers, lenders, and our entire banking system, a printed credit or debit card receipt provided at the point of sale/transaction cannot show any portion of the expiration date of your card nor can it show more than the last five digits of your card number. This includes ATM receipts. But it does not apply to handwritten or e-mailed receipts, nor does it apply to those that contain an imprint or copy of the actual card.
If you don’t keep receipts, please start paying attention to any receipt provided to you at the point of sale/transaction and let us know if you find one that violates the law.
If you keep receipts, please review them to see if any do not comply. The statute of limitations for a claim is two years from the date you discovered the unlawful receipt or five years from the date the receipt was printed, whichever is earlier.
Depending on a number of factors you could recover actual damages, statutory damages between $100 and $1,000, punitive damages, and attorney’s fees and costs.
Please let us know if you find a printed receipt, provided at the point of sale, that shows any portion of the expiration date or more than the last five digits of your card. Identity theft is a major problem. See here and here. So not only can you recover money for finding illegal receipts, you can help our consumers, lenders, and our entire financial system.
Of course, please let us know if you have any questions.