Transworld Systems 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 October 19, 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.

The public CFPB Consumer Complaint Database records 17,262 debt-collection complaints referencing Transworld Systems, as of October 14, 2026. This counts debt-collection complaints only, all years, not every complaint the Bureau holds about the company; the profile links the same search on the live CFPB database; a complaint is a record, not a verdict, and the CFPB says its database is not a statistical sample of consumers’ experiences.

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. A concluded action is a public record of what the regulator did, reported here neutrally; many are consent orders, settled without admitting or denying the allegations, so a concluded action is not the same as a finding of fault. It does not affect where the agency sits in this directory's bands.