Transworld Systems in California
Last checked: August 12, 2026
This page covers Transworld Systems's California record only. The full company record, covering every state this site verifies it in, is at Transworld Systems.
of continuous verified California license history on the California Department of Financial Protection and Innovation's list of licensees. Transworld Systems currently holds an active Debt Collection Licensing Act license.
Source: dfpi.ca.gov · Last checked: September 2, 2026
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Verified facts about Transworld Systems
| Fact | Value | Source |
|---|---|---|
| Headquarters | PA | Source: tsico.com · Last checked: August 12, 2026 |
| Year founded | 1970 | Source: tsico.com · Last checked: August 12, 2026 |
| Company type | Third-party agency | Source: tsico.com · Last checked: August 12, 2026 |
| Debt types handled | Healthcare, Financial Services, Government, Student & Education, Utilities, Telecommunications, Retail, Commercial, Rental & Multifamily, Tolling, Consumer | Source: tsico.com · Last checked: August 12, 2026 |
| Website | tsico.com | |
| California license history | 2 years continuously licensed Active 10658-99 · filed January 8, 2024 | Register: dfpi.ca.gov · Last checked: September 2, 2026 |
| CFPB complaints on record | 16,649 | CFPB database: consumerfinance.gov · Last checked: August 12, 2026 |
Public enforcement record
On September 18, 2017, the Consumer Financial Protection Bureau issued a consent order against Transworld Systems, Inc. (administrative docket 2017-CFPB-0018) for filing false or misleading affidavits, providing false or misleading testimony, and filing debt collection lawsuits for the National Collegiate Student Loan Trusts when the debt could not be proven. The order required injunctive relief and a $2.5 million civil penalty. The CFPB's public enforcement database records no later action against the company.
the regulator's published order: consumerfinance.gov · Last checked: July 12, 2026
Full explainer: what this enforcement action says, in plain English.
This section reports adjudicated regulatory actions from the regulator's own published documents. It is a record, not a rating; the bands on this site are unaffected by it, and an agency may respond via the corrections policy.
Common questions about Transworld Systems
Is Transworld Systems licensed to collect debt in California?
Yes. Transworld Systems holds an active debt collector license with the California Department of Financial Protection and Innovation (license 10658-99), on the department's list of current licensees, last checked September 2, 2026. The Debt Collection Licensing Act, Financial Code Section 100001, requires this license of a debt collector, though banks, licensed lenders and commercial collectors are lawfully exempt from it.
Does Transworld Systems have complaints on record?
The public CFPB Consumer Complaint Database records 16,649 debt-collection complaints referencing Transworld Systems, as of August 12, 2026. This is the total on record and links to the live CFPB database; a complaint is a record, not a verdict, and larger agencies naturally accrue more.
Has Transworld Systems faced regulatory enforcement?
On September 18, 2017, the Consumer Financial Protection Bureau issued a consent order against Transworld Systems, Inc. (administrative docket 2017-CFPB-0018) for filing false or misleading affidavits, providing false or misleading testimony, and filing debt collection lawsuits for the National Collegiate Student Loan Trusts when the debt could not be proven. The order required injunctive relief and a $2.5 million civil penalty. The CFPB's public enforcement database records no later action against the company. The regulator's own published order is linked on this page. This is an adjudicated public record, reported neutrally; it does not affect where the agency sits in this directory's bands.
This profile presents factual information drawn from public records, with a source and last-checked date for every fact. It is not a recommendation to do business with this company, is not legal advice, and is no substitute for your own due diligence.
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