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Holder Rule › Consumer Lenders

K&L Gates LLP

Will Assignee Liability Increase as FTC Seeks Comments on the Holder Rule?

K&L Gates LLP on

The “Adam’s Rib” of assignee liability ? the “Holder Rule” issued by the Federal Trade Commission (“FTC”) in 1976 ? is up for review. Imposing liability on innocent purchasers of consumer credit loans for the legal violations...more

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