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California Supreme Court Interprets ‎FTC Holder Rule to Allow Uncapped Attorneys Fees ‎Awards | Locke Lord LLP

On May 26, 2022, the California Supreme Court issued its decision in Pulliam v. HNL Automotive Inc., et al., Case No. S267576, 2022 WL 1672918 (May 26, 2022). The court held that the.

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FTC Advisory Opinion Emphasizes Rule on Attorney s Fees and Costs Does Not Preempt State Laws

FTC Advisory Opinion Emphasizes Rule on Attorney s Fees and Costs Does Not Preempt State Laws
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Banking trade groups file amicus brief with CA Supreme Court in case involving whether FTC Holder Rule s recovery limit includes attorney s fees | Ballard Spahr LLP

The American Bankers Association, American Financial Services Association, California Financial Services Association, and Consumer Bankers Association have filed a joint amicus brief.

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CA Supreme Court to decide if FTC Holder Rule s recovery limit includes attorney s fees | Ballard Spahr LLP

The California Supreme Court recently agreed to hear an appeal in Pulliam v. HNL Automotive Inc., a case with significant implications for the amount of money a plaintiff can recover when proceeding against a dealer/seller under the FTC Holder Rule. Officially titled the “Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses,” the Holder Rule requires sellers that arrange for or offer credit to finance the purchase of consumer goods or services to include a specified “holder notice” in the credit contract. The notice must state that any holder of the contract is subject to all claims and defenses the consumer could assert against the seller of the financed goods or services, with the consumer’s recovery limited to the amount paid by the consumer under the contract.

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