CFPB Fund and Redress Administration

The Consumer Financial Protection Bureau established this Master IDIQ on March 23, 2017, with a shared ceiling of $35.257 million and a last date to order of March 22, 2019. Ordering closed more than seven years ago; the vehicle is no longer accepting new task orders, though awarded work continues through 2027.

The vehicle executed 33 delivery orders totaling $7.4 million in combined potential value, with 100 percent of that value obligated. The CFPB awarded all orders without set-aside designation. Activity peaked in 2021 with 12 orders, declined to 7 in 2022, and has ceased since then. The most recent task order award was in March 2022.

Work centers on civil penalty fund redress administration and third-party claims distribution. Task orders address specific consumer protection settlements and victim compensation matters—JiPay redress, Burlington redress, college financial services claims, student loan center redress, and similar remediation efforts—each serving as a contained fund distribution or claims administration project. Delivery orders are priced firm fixed, with individual ceilings ranging from under $25 thousand to approximately $1.1 million. Representative active work extends into 2026 and early 2027, including a JiPay redress order ($1.098 million ceiling, completion March 2027) and a Timemark matter order ($258 thousand, completion November 2026).

Competition is concentrated among three firms. Epiq Class Action & Claims Solutions holds the largest potential value at $4 million across 12 orders; Rust Consulting holds $3.1 million across 14 orders; and Analytics Consulting LLC holds $283 thousand across 7 orders. All customer activity funds CFPB programs exclusively. All work is priced on a firm-fixed-price basis except one Time and Materials order with zero obligated amount.

This vehicle is closed to new business. It functions as a legacy redress administration portfolio under a depleted shared ceiling. Pursuit is relevant only for contractors already holding awards and seeking modifications or follow-on scope within existing task order ceilings.