Department of Justice Holds Comment Period for Proposed Rule on Approval of Financial Education Providers
The Department of Justice is currently accepting comments on a rule for proposed procedures and criteria that U.S. Trustees would use to determine if applicants seeking to become or remain an approved provider for personal finance management courses satisfy all the requirements of the U.S. Bankruptcy Code.
The current rule establishes mandatory prerequisites and minimum standards for applicants seeking to become an approved provider for personal finance management courses. Under the proposed new rule, the U.S. Trustees will approve applicants for inclusion on provider lists available to the public in one or more federal judicial districts. Inclusion on the provider lists will turn on whether the applicant has met all the requirements of the U.S. Bankruptcy Code.
All comments for the proposed rule should be submitted prior to January 13, 2009. For more information, please see the Notice of Proposed Rule Making.
