Credit Counseling Compliance Project: Overview
What is the credit counseling compliance project?
The credit counseling compliance project is a comprehensive, multi-faceted strategy that includes a widespread outreach program to alert the industry and public to problems in the sector. It includes both an aggressive examination program to halt abuses within the credit counseling industry and a rigorous determination process to prevent abusive organizations from receiving tax exemption. This project involves coordination with other federal and state agencies and oversight organizations to combat abuses, provides the public and the industry with several guidance and educational documents describing the hallmarks of an acceptable credit counseling program, and maintains continuous oversight of the tax-exempt credit counseling industry.