Redress services- logical follow-on for smart plan matter
Active Awarded Last action
- Contract number
- 9531CB25F0053
- Awardee
-
Rust Consulting, Inc. UEI ST2LSCEYCB97
- Awarding agency
-
Consumer Financial Protection Bureau
- Obligated
- $234,947
Award facts
- Contract value 100% obligated
- $234,947.12 Current and potential, with all options
- Completion date 72% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities
- PSC
- R711 Support- Management: Banking
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Minneapolis, MN 55402, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Original award | $234,947 |
About this award
The Consumer Financial Protection Bureau (CFPB) awarded a $234,947.12 firm fixed-price delivery order to Rust Consulting, Inc., a Minneapolis-based administrative and consulting firm specializing in federal claims administration and redress services. This delivery order, issued on May 8, 2025, with an ultimate completion date of May 18, 2027, represents a logical follow-on to the SMART Plan matter and includes a modification to update the Contracting Officer Representative (COR) and Alternate COR. The award was made without a set-aside designation, indicating full and open competition. This delivery order is issued under Rust Consulting's existing $50 million multiple-award Indefinite Delivery Indefinite Quantity (IDIQ) contract with the CFPB for redress services.
Rust Consulting will provide redress services as part of the CFPB's consumer protection and enforcement action support programs. The company's expertise encompasses victim identification, claims processing, payment distribution, and comprehensive reporting—core functions essential to the CFPB's mission of administering compensation programs related to financial services enforcement actions. The firm has established itself as a trusted partner for the CFPB, with a track record of successfully managing complex administrative tasks across multiple consumer protection and regulatory compliance initiatives. This delivery order allows the CFPB to efficiently leverage Rust Consulting's specialized capabilities in administering redress programs for consumers affected by financial services violations.
Quick answers
Who was awarded contract 9531CB25F0053?
9531CB25F0053 was awarded to Rust Consulting, Inc. by Consumer Financial Protection Bureau on May 8, 2025.
How much is contract 9531CB25F0053 worth?
The government has obligated $234,947 on 9531CB25F0053.
Is contract 9531CB25F0053 an order under another contract?
Yes. 9531CB25F0053 is a delivery order under 9531CB22D0006, an indefinite delivery contract, on CFPB 3rd Party Redress Services.
Was contract 9531CB25F0053 competed?
The extent of competition for 9531CB25F0053 was full and open competition. The government received 1 offer.
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