The Consumer Financial Protection Bureau (CFPB) has awarded a $50 million, 5-year multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract to Epiq Class Action & Claims Solutions, Inc., a subsidiary of Epiq Systems, Inc., for Fund and Redress Administration services. Under this IDIQ, Epiq has received numerous task orders to support the CFPB's consumer protection enforcement actions, with individual task order values ranging from approximately $100,000 to over $1 million. Epiq has also been awarded a $1 million, 5-year single-award Blanket Purchase Agreement (BPA) with the Federal Trade Commission to provide claims administration and funds distribution services for consumer redress resulting from FTC enforcement actions. The CFPB's original solicitation sought contractors to establish IDIQ contract vehicles to provide third-party redress services, including developing distribution plans, identifying victims, processing claims, providing consumer assistance, preparing and mailing payments, and reporting. Services will be performed within the United States, and individual task order values may range from $5-25 million annually depending on the number of victims and total redress amounts for specific matters. Epiq, with its expertise in managing complex settlement administration programs, has been the primary awardee under these CFPB and FTC contract vehicles to efficiently deliver relief to consumers harmed by unfair or deceptive practices.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00005 | Exercise an Option | $0 | 9/10/24 | |
| P00004 | Change Order | $0 | 5/14/24 | |
| P00003 | Other Administrative Action | $0 | 9/25/23 | |
| P00002 | Exercise an Option | $0 | 8/16/23 | |
| P00001 | Other Administrative Action | $0 | 7/26/23 |
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Completion Date (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
Delivery Order 9531CB22D0003-9531CB24F0049 | Epiq Class Action & Claims Solutions, Inc. | $227.8k | 3/29/24 | 9/30/25 | 7/8/25 | |
Delivery Order 9531CB22D0003-9531CB25F0038 | Epiq Class Action & Claims Solutions, Inc. | $34.8k | 1/29/25 | 2/2/27 | 1/29/25 | |
Delivery Order 9531CB22D0003-9531CB23F0072 | Epiq Class Action & Claims Solutions, Inc. | $370.3k | 6/12/23 | 6/11/26 | 6/9/25 | |
Delivery Order 9531CB22D0003-9531CB24F0021 | Epiq Class Action & Claims Solutions, Inc. | $1.8m | 12/28/23 | 1/1/28 | 12/28/23 | |
Delivery Order 9531CB22D0003-9531CB23F0108 | Epiq Class Action & Claims Solutions, Inc. | $7.1k | 9/27/23 | 10/4/24 | 9/27/23 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Solicitation 1/4 | 4/21/22, 12:25 PM | |
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Award Notice 2/4 | 9/22/22, 4:28 PM | |
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Award Notice 3/4 | 9/22/22, 4:34 PM | |
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Award Notice 4/4 | 9/22/22, 4:37 PM |