The Consumer Financial Protection Bureau (CFPB) has awarded Rust Consulting, Inc., a for-profit consulting firm, a $50 million multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract to serve as a third-party administrator for redress programs resulting from CFPB enforcement actions across consumer financial products and services. Under this IDIQ, the CFPB has issued numerous firm-fixed-price delivery orders for various consumer redress matters, including services such as victim identification, claims processing, payment distribution, and reporting. Rust Consulting also holds a single-award Blanket Purchase Agreement (BPA) with the Federal Trade Commission, valued at up to $5 million annually, to support redress administration related to consumer protection. This BPA allows Rust Consulting to provide claims administration and funds distribution services for consumer redress resulting from FTC enforcement actions. These IDVs enable the CFPB and FTC to efficiently administer consumer redress programs over multiple years, leveraging Rust Consulting's expertise in managing complex claims and payment processes.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00004 | Exercise an Option | $0 | 9/10/24 | |
| P00003 | Other Administrative Action | $0 | 5/14/24 | |
| P00002 | Other Administrative Action | $0 | 9/25/23 | |
| P00001 | Exercise an Option | $0 | 8/16/23 | |
| Not listed | Not listed | $0 | 9/21/22 |
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 9531CB22D0006-9531CB25F0004 | Rust Consulting, Inc. | $1.0m | 10/29/24 | 2/28/27 | 10/29/24 | |
Delivery Order 9531CB22D0006-9531CB23F0106 | Rust Consulting, Inc. | $25.1k | 9/26/23 | 9/26/25 | 3/26/25 | |
Delivery Order 9531CB22D0006-9531CB25F0015 | Rust Consulting, Inc. | $113.0k | 1/6/25 | 1/5/27 | 1/6/25 | |
Delivery Order 9531CB22D0006-9531CB23F0063 | Rust Consulting, Inc. | $263.6k | 5/23/23 | 9/30/25 | 4/21/25 | |
Delivery Order 9531CB22D0006-9531CB24F0086 | Rust Consulting, Inc. | $132.9k | 9/3/24 | 9/4/27 | 11/1/24 |
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 |