FTC’s Preservation of Consumers’ Claims and Defenses Rule (aka the “Holder Rule”)

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Includes a Live Web Event on 06/23/2026 at 2:00 PM (EDT)

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Sometimes misunderstood, and often mislabeled as the “Holder Rule”, the FTC’s Preservation of Consumers’ Claims and Defenses Rule is an important tool in consumer lawyers’ toolbox.  

In the bad old days, a creditor who was a “holder in due course” could insulate themselves from any responsibility for what a seller did wrong.  This rule changed that.  Now, in consumer transactions, creditors and assignees can often be held responsible for seller’s wrongs under this Anti-Holder Rule. 

The Holder Rule is an excellent law to use in many finance fraud cases and is a must know for every auto fraud and solar fraud practitioner. 

What You Will Learn
•    When the rule applies
•    How the rule can be used defensively against creditors’ claims
•    How the rule be used to recover money from a creditor
•    What are the limits to the rule

Greg Reichenbach

Greg Reichenbach

Gregory S. Reichenbach is a trial attorney representing primarily poor and working-class Ohio consumers. He graduated magna cum laude from the University of Toledo, College of Law, in 2004. He focuses on litigation of individual and class claims against car dealers, financial institutions, and debt collectors, focusing on repossessions, used car sales fraud, and unfair debt collection. He has written articles for the public and regularly presents at trainings for Ohio attorneys on topics including litigating consumer claims and defending collection suits.  He was the 2026 recipient of the Ohio Access to Justice Foundation’s Elam Pro Bono award for his work including training legal aid attorneys.

A. Lorraine Weekes

A. Lorraine Weekes

A. Lorraine Weekes is a consumer protection attorney at Kneupper & Covey PC whose practice includes both class actions and individual litigation and arbitration proceedings on behalf of consumers ripped off by banks, solar lenders and installers, and other miscreant business. She graduated from Stanford Law School in 2016.

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FTC’s Preservation of Consumers’ Claims and Defenses Rule (aka the “Holder Rule”)
06/23/2026 at 2:00 PM (EDT)  |  60 minutes
06/23/2026 at 2:00 PM (EDT)  |  60 minutes
Certificate
1.00 CLE credit  |  Certificate available
1.00 CLE credit  |  Certificate available
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