New Rules for Credit Counseling and Debtor Education

June 2013
ABI Journal;Jun2013, Vol. 32 Issue 5, p34
The article discusses the final credit counseling and debtor education rules by the U.S. Trustee Program which is effective beginning on April 15, 2013. It notes that the final rule has resolved ambiguities in the interim rule and practical issues in the credit-counseling and debtor-education requirements. Moreover, the rule has indicated that credit-counseling agencies and debtor-education providers should consider a maximum fee of $50 as a reasonable fee.


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