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Violation Tracker Individual Record

Company: Educational Computer Systems, Inc.
Penalty: $500,000
Year: 2023
Date: May 19, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Educational Computer Systems agreed to pay a $500,000 civil penalty in settlement of allegations the company had done business in the state as a student loan servicer although its license application in 2016 had never been completed.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Division of Banks
Civil or Criminal Case: civil
Facility State: Massachusetts
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.