Published: February 2016

FTC Holder Rule strengthens consumer rights

Consumer advocates have described the Holder Rule as the Federal Trade Commission’s (FTC) most effective tool against fraud. In a letter to the FTC, advocates urged the Commission to preserve the Holder Rule to assist consumers in the ongoing struggle to curb unfair or abusive business practices and reiterate its key features and remedies available to consumers, and to consider our recommendations to facilitate effective application of the rule.

The Holder Rule protects consumers in the marketplace from unscrupulous vendors by providing a valuable avenue for redress when sellers act badly or take advantage of consumers, including during consumer transactions like auto sales and student loans. In response to the Federal Trade Commission’s request for public comment, consumer advocates urged the agency to uphold and strengthen the rule—one of the most important actions the FTC has ever taken to prevent and remedy unfair and deceptive practices in the marketplace.

Lead Organization

National Consumer Law Center (NCLC)

Other Organizations

The National Consumer Law Center (NCLC) on behalf of its low-income clients | Americans for Financial Reform (AFR) | The Center for Responsible Lending (CRL) | Consumer Action | Consumer Federation of America (CFA) Consumers for Auto Reliability and Safety (CARS) | Consumers Union | NAACP | The National Association of Consumer Advocates (NACA) | The Institute for College Access & Success (TICAS) | U.S. Public Interest Research Group (U.S. PIRG) | Housing and Economic Rights Advocates (HERA) | Public Justice Center | Public Law Center (PLC) | Veterans Education Success | Woodstock Institute

More Information

To read the coalition letter in full, please click here.

For more information, please visit NCLC's website.

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