What is interesting is the fact that the Rule of 1221 is no longer used by the current Franciscan Third Order Secular.
So why some people decided to start a reformed group of Brothers and Sisters of Penance seems related to what happened to the Church post-Vatican II.
Sometimes things happen in history and the original idea becomes too complicated that it can be lost or just too confusing to follow.
These people are trying to recapture the original idea of St. Francis without the control and influence of clericalism that took over the Franciscan Order, but is thankfully getting back into proper perspective.
Anyone from Cathinfo has more information or is a member of BSP?