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Detailed text transcripts for TV channel - MSNBC - 20101224:14:38:00

But what happens when the gifts you are getting aren t quite what you were wishing for and you want to get rid of them quickly? you want to return or exchange them? joining me is msnbc analyst vera gibbons. we all get sweaters, right, vera. yeah. we get the cool socks. ties. or the tie that you didn t want. what do we do? return them, but you ve got to have a receipt. everyone has different return policies, right. most retailers are not changing their policies around. 84% have the same policies they had last year but many retailers, in fact 11% have tightened the policies because they re trying to crack down on all the holiday fraud that goes on. about $4 billion in holiday fraud this year. that s up from closer to $3 billion last year so this is a problem, people returning stuff without a receipt, stealing items. stealing and then returning them? and then returning stolen goods so they re trying to crack down on the holiday fraud and this year the numbers are even more d ....

Vera Gibbons , Get Sweaters , Aren T , Electronics Retailers , Return Policies , Holiday Fraud , 3 Billion , 4 Billion ,