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Violation Tracker Individual Record

Company: Transworld Systems Inc.
Current Parent Company: Platinum Equity
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $200,000
Year: 2017
Date: October 11, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Transworld Systems agreed to pay $200,000 in settlement of an Administrative Order alleging it failed to manage its consumer debt collection business in an adequate manner.
Level of Government: state
Action Type: agency action
Agency: Connecticut Department of Banking
Civil or Criminal Case: civil
Facility State: Connecticut
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.