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Enforcement record

Transworld Systems, Inc.: CFPB (federal) action, 2017

By Kai Greenspan, Founding Editor · Last updated: July 22, 2026

In short. In September 2017, the Consumer Financial Protection Bureau issued a consent order against Transworld Systems, Inc., the debt collector for several National Collegiate Student Loan Trusts. The Bureau found the company had filed false or misleading affidavits, given false or misleading testimony, and filed debt collection lawsuits when the debt could not be proven to be owed. Transworld Systems consented to the order, which required changes to its practices and a $2.5 million civil penalty.

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Regulator
CFPB (federal)
Date of order
September 18, 2017
Penalty
$2.5 million
Status
Resolved

What the regulator found

The consent order sets out the following. Each is the Consumer Financial Protection Bureau’s own account of the matter, not this site’s conclusion.

  1. False or misleading affidavits and testimony

    The Bureau found that Transworld Systems, acting as the debt collector for several National Collegiate Student Loan Trusts, filed affidavits and gave testimony in collection lawsuits that were false or misleading.

    “for filing false or misleading affidavits, providing false or misleading testimony, and filing debt collection lawsuits when the companies could not prove the debt was owed”The CFPB's own summary of the action.

  2. Lawsuits on debt that could not be proven

    The Bureau found that the company filed collection lawsuits on debts of the National Collegiate Student Loan Trusts in circumstances where the debt could not be proven to be owed.

How it was resolved

Transworld Systems consented to the order. It required injunctive relief and changes to the company’s collection and litigation practices, and a $2.5 million civil penalty. On the same day, the Bureau filed a separate action against the National Collegiate Student Loan Trusts themselves. As of this page’s last check, the CFPB’s public enforcement record showed no later Bureau action against Transworld Systems.

Why this is on the directory

Debt Collection Index publishes verified public-record facts about collection agencies, both positive and negative, so the picture is complete. An enforcement action is one factual dimension among many; it sits alongside the company’s bond history, verified licenses and complaint record on the full profile.

See the full profile: Transworld Systems, Inc..

Primary source

Consumer Financial Protection Bureau, Consent Order, administrative docket 2017-CFPB-0018

Verified against the CFPB’s published enforcement action page, July 22, 2026.

Read the regulator’s record

Common questions

What did the CFPB find Transworld Systems had done?

The Bureau found that Transworld Systems, as the debt collector for several National Collegiate Student Loan Trusts, had filed false or misleading affidavits, given false or misleading testimony, and filed debt collection lawsuits when the debt could not be proven to be owed.

What penalty did Transworld Systems pay?

Under the September 2017 consent order the company paid a $2.5 million civil penalty, and the order required injunctive relief and changes to its practices. The company consented to the order.

Related pages

All enforcement records

Every listed agency with a resolved regulatory action, sourced to the primary document.

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