Wednesday, April 14, 2021

Holding fast to the protections of the Holder Rule

Bureau of Consumer Protection. Business Alerts From the Federal Trade Commission

By Lesley Fair

The FTC's long-standing Holder Rule requires businesses to include a special notice in credit contracts that gives consumers certain protections. Today, a Staff Note reiterates the Commission's determination that the Rule applies regardless of the size of the transaction – and corrects some staff guidelines published in 1976.

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