The Federal Trade Commission has enacted a federal regulation that prohibits the holder in due course concept from being used against consumers.

Name: The Federal Trade Commission has enacted a federal regulation that prohibits the holder in due course concept from being used against consumers.
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Question

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The Federal Trade Commission (FTC) has enacted the Holder Rule, which limits the rights of holders in due course in consumer credit transactions, protecting consumers from certain defenses being cut off.

The Federal Trade Commission Has Enacted a Federal Regulation That