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Fees and banking

Timemark (CFPB payments)

Checked October 14, 2026 against the official notice · Edited by Ferhat Abdullahoglu

Consumers who were charged illegal advance fees by Timemark Solutions, Inc. for debt-relief services related to federal student-loan debt are eligible for a payment. Payments totaling over $3.5 million will be mailed to affected consumers.

Who qualifies

“The Bureau alleged that the defendants charged illegal advance fees, in violation of the Telemarketing Sales Rule (TSR), to consumers who were seeking to to alter the terms of their loans.”From the court-approved notice

What you can get

Total settlement fund$3.5M

These are the amounts the settlement publishes. Shares of a fund depend on how many people file: what pro rata means.

How to file

There's nothing to file: class members are paid automatically once the settlement is final.

Is this settlement legit?

Yes. It's a court-approved class action settlement (case 9:20-CV-81057), run by Epiq Global. The official site is consumerfinance.gov. You never pay to file a claim. How to check a settlement notice.

Related settlements

ClaimWell summarizes the official notice so it's easier to read. It isn't legal advice; the official settlement site is the authority on who qualifies and what each claim pays.