Aventiv Technologies statement regarding the CFPB regulation

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DALLAS, October 19, 2021 / PRNewswire / – Aventiv Technologies today released the following statement from its President and CEO Dave abel related to a settlement with the Consumer Financial Protection Bureau (CFPB):

“JPay is pleased to have reached an agreement with the CFPB which corrects past practices related to electronic funds transfers and offers remedies to those affected. Led by our parent company, Aventiv Technologies, JPay fully cooperated with CFPB in this matter, guided by our organizational transformation program which emphasizes collaboration with regulators, reform of certain business practices earlier and the creation of more affordable and accessible products and services. . The management teams of Aventiv and JPay have made it a priority to provide prisoners with better quality service at a lower cost, with an emphasis on their preparation for successful reintegration and return home. “

ABOUT AVENTIV TECHNOLOGIES
Based at Dallas, Texas, Aventiv Technologies serves more than 3,450 public safety, law enforcement and correction agencies and more than 1,100,000 people incarcerated across North America, Aventiv is committed to serving and connecting by providing products and services for emergency response, incident management, public information, investigation, biometric analysis, communication, management of the information, self-service for inmates and surveillance to make our world a safer place to live. For more information, please visit www.Aventiv.com. Aventiv is a Platinum Equity holding company. Founded in 1995 by Tom Gorès, Platinum Equity is a global investment firm with a portfolio of approximately 40 operating companies that serve clients around the world.

SOURCE Aventiv Technologies

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https://www.aventiv.com


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