FTC Completes Review of Holder Rule

The Federal Trade Commission announced today that it has completed its review of the Holder Rule , which protects consumers who purchase goods and services using credit obtained through a merchant.

Metadata

Provider:

FTC

URL:

https://www.ftc.gov/news-events/press-releases/2019/05/ftc-completes-review-holder-rule

Retrieved on:

Friday, May 3, 2019

Information

Tags:

Corporate crime, Federal Trade Commission, Government agencies, Law, Legal history, Rulemaking

Summary

Key Points:

The Federal Trade Commission announced today that it has completed its review of the Holder Rule , which protects consumers who purchase goods and services using credit obtained through a merchant.
As part of its systematic review of all its rules and guides, the FTC in November 2015 sought public comment on the Holder Rule , including its efficiency, the costs and benefits of the Rule, and its impact.
The FTC received 19 comments, all of which urged retaining the Rule.
After reviewing the comments, the Commission found that there is a continuing need for the Rule and the record did not warrant a rulemaking to modify the Rule.