The bill includes two provisions mandating financial counseling
and education: (1) before filing for bankruptcy, consumers would be
required to have a briefing on the alternatives to bankruptcy; and (2)
before receiving a bankruptcy discharge, a debtor would be required to
complete "an instructional course concerning personal financial
management.org /ombudsmen.

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cpb.org.

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nfcc. The ombudsman office is a
tested and reliable way to support those twin objectives.

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He has covered politics for The New Republic, served as a national political
correspondent for NBC News, and served as a senior correspondent for CNN.

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"
CPB Chairman Kenneth Y. Tomlinson emphasized that CPB "will not permit
concerns over balance to allow CPB to engage in pre-broadcast censorship or
post-broadcast penalties of public broadcasters.

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NFCC, founded in 1951, is the nation's largest and longest serving
national nonprofit credit counseling organization. To see
related documents about the office of the ombudsmen visit:
http://www.

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"The new Office of the Ombudsmen
offers an independent sounding board and a public advocate for those concerns."
Bode currently is a visiting professor of journalism at DePauw University.

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CPB Establishes Ombudsmen Office

For
five years, Bode was the moderator of public television's Washington Week in
Review.

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org

" He said the presence of
ombudsmen and the presence of free and honest debate "will help ensure the
goal of balance and accuracy in public broadcasting.
Reports from the CPB ombudsmen will be available on the CPB website at
http://www.

CPB, a private, nonprofit corporation created by Congress in 1967,
oversees the development of educational public television, radio and online
services for the American people.

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Business Editors/Government Writers

SILVER SPRING , Md."
"Congress is on the verge of requiring that financial counseling
and education be a part of the bankruptcy process. We
stand ready to, as we always have, to assist consumers under the new
law. Former NBC Newsman Ken Bode and Former Reader's Digest
Editor William Schulz Will Promote Public Dialogue
on Balance and Accountability

WASHINGTON, The Corporation for Public
Broadcasting (CPB) today announced the appointments of former NBC newsman Ken
Bode and former Reader's Digest executive editor William Schulz to newly
created positions as CPB ombudsmen.

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National Foundation for Credit Counseling Available to Media to Discuss Impact of Bankruptcy Reform on Credit Counseling

"Congress has asked the Corporation for Public Broadcasting to both
protect the production of public broadcasting from undue interference," said
CPB President and CEO Kathleen Cox, "and to ensure that it represents high
standards in accuracy , balance and objectivity.

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These provisions
will ensure that consumers understand the alternatives to bankruptcy,
and more importantly, receive financial training," said Binzel. Binzel may be arranged by calling
301-576-2537. Schulz recently retired after nearly forty years as a Reader's Digest
writer and editor.

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NFCC's mission is
to set the national standard for quality credit counseling , debt
reduction services and education for financial wellness, through its
member agencies. As the Digest's Washington bureau chief, he oversaw the
development of nearly 2,000 original articles for the magazine.

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Media organizations who have established similar ombudsman functions report
significant benefits to the quality of their work.

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256, the federal Bankruptcy Reform
legislation, on consumers and the credit counseling industry.

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----William
Binzel, Chief Counsel and Senior Vice President - Legislative Affairs
for the National Foundation for Credit Counseling ("NFCC"), will be
available to members of the media to discuss the impact of the credit
counseling provisions of S. All decisions to review programming -- and all
reports on broadcasts -- will be made by Schulz and Bode.cpb.

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"
Interviews with Mr. For
free and affordable confidential advice through an NFCC member, call
1-800-388-2227 , or visit: www.org.

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Press contact: Jeannie Bunton, 202-879-9687, jbunton@cpb.

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"For
over 50 years, the NFCC and its member agencies have played the key
role in providing financial counseling and education to consumers.

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With more than 1,000 community-based offices
nationwide, NFCC members help over a million households annually."
Bode and Schulz will initiate their own reports as well as respond to
program issues raised by the public and government officials and the public
broadcasting community.
"On some days we receive praise for what we do, and on other days our
audiences express concerns," said Cox.

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