FTC's Holder-in-Due-Course Rule Once Again in the News.

The article discusses the issues with the Holder-in-Due-Course (HIDC) Rule of the U.S. Federal Trade Commission (FTC). It presents a case where a consumer finances the purchase price by giving a promissory note to the seller which the seller assigns to the finance company. It examines the opinion of some judges with the notice saying the consumer is not entitled to an affirmative recover from the finance company. The stand of the FTC on the matter is offered.