The FTC upholds the preferential position enjoyed by a holder in due course of instruments concerning debts arising out of consumer credit contracts.

Name: The FTC upholds the preferential position enjoyed by a holder in due course of instruments concerning debts arising out of consumer credit contracts.
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Question

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The FTC's Holder Rule limits the rights of a holder in due course in consumer credit contracts, ensuring consumers can assert claims and defenses against them.

The FTC Upholds the Preferential Position Enjoyed by a Holder