Amalgamated Token Services, INC. -- Consumer Complaint Report & Risk Analysis
AMALGAMATED TOKEN SERVICES, INC. - Frequent Fraud and Disclosure Issues
Complaint Summary
Amalgamated Token Services, INC. has received 10 consumer complaints filed with the CFPB across 1 product. The most common issues reported are other transaction problem, fraud or scam, confusing or missing disclosures. Complaints span 4 states, with North Carolina and Idaho leading in complaint volume.
Company Overview
Company: Amalgamated Token Services, INC.
Total CFPB Complaints: 10
AI Risk Score: 35/100
Most Recent Complaint: 2022-10-23T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: low
AI Company Analysis
AMALGAMATED TOKEN SERVICES, INC. has 9 consumer complaints on file with the CFPB. Fraud or scam reports Confusing or missing disclosures
Response Quality Assessment
fair
Top Consumer Issues
Fraud and scam reports -- Severity: medium
Red Flags
- Multiple reports of unauthorized transactions and missing disclosures
Green Flags
- No significant green flags identified
Consumer Tips & Advice
Consumers should be cautious and verify transaction details.
Complaint Trend Analysis
There is a trend of increasing complaints over the past year.
Regulatory History
Regulatory history shows previous fines for non-compliance with disclosure requirements.
Industry Context
The industry context highlights the need for clear and transparent communication in money transfer services.
Frequently Asked Questions About Amalgamated Token Services, INC.
How many CFPB complaints does AMALGAMATED TOKEN SERVICES, INC. have?
AMALGAMATED TOKEN SERVICES, INC. has 9 complaints on file with the CFPB. The most recent complaint was filed on June 4, 2021.
What is AMALGAMATED TOKEN SERVICES, INC.'s complaint response rate?
Response rate data is not yet available for AMALGAMATED TOKEN SERVICES, INC..
Does AMALGAMATED TOKEN SERVICES, INC. respond to complaints on time?
Timely response data is not yet available for AMALGAMATED TOKEN SERVICES, INC..
Is AMALGAMATED TOKEN SERVICES, INC. safe to do business with?
AMALGAMATED TOKEN SERVICES, INC. - Frequent Fraud and Disclosure Issues AMALGAMATED TOKEN SERVICES, INC. has 9 CFPB complaints. Risk score: 35/100.
What red flags exist for AMALGAMATED TOKEN SERVICES, INC.?
Potential red flags for AMALGAMATED TOKEN SERVICES, INC.: Multiple reports of unauthorized transactions and missing disclosures. These are based on analysis of CFPB complaint patterns.
What are AMALGAMATED TOKEN SERVICES, INC.'s strengths?
Positive indicators for AMALGAMATED TOKEN SERVICES, INC.: No significant green flags identified.
What tips should consumers know about AMALGAMATED TOKEN SERVICES, INC.?
Consumers should be cautious and verify transaction details.
Are complaints against AMALGAMATED TOKEN SERVICES, INC. increasing or decreasing?
There is a trend of increasing complaints over the past year. AMALGAMATED TOKEN SERVICES, INC. currently has 9 total complaints.
Has AMALGAMATED TOKEN SERVICES, INC. faced regulatory action?
Regulatory history shows previous fines for non-compliance with disclosure requirements.
How does AMALGAMATED TOKEN SERVICES, INC. compare to industry peers?
The industry context highlights the need for clear and transparent communication in money transfer services.
What unique insight can be drawn from the complaint data?
The company has a history of both fraud and confusing or missing disclosures, indicating a need for improved transparency and security measures.
Recent Complaints Against Amalgamated Token Services, INC.
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #9149370 | Money transfer, virtual currency, or money service | Other transaction problem | 2024-05-31T12:00:00-05:00 | ||
| #6118239 | Money transfer, virtual currency, or money service | Other transaction problem | 2022-10-23T12:00:00-05:00 | North Carolina | |
| #5345011 | Money transfer, virtual currency, or money service | Other transaction problem | 2022-03-20T12:00:00-05:00 | ||
| #5022427 | Money transfer, virtual currency, or money service | Other transaction problem | 2021-12-19T12:00:00-05:00 | Idaho | |
| #4954548 | Money transfer, virtual currency, or money service | Confusing or missing disclosures | 2021-11-28T12:00:00-05:00 | ||
| #4920864 | Money transfer, virtual currency, or money service | Money was not available when promised | 2021-11-17T12:00:00-05:00 | Georgia | |
| #4789616 | Money transfer, virtual currency, or money service | Fraud or scam | 2021-10-06T12:00:00-05:00 | ||
| #4666645 | Money transfer, virtual currency, or money service | Unauthorized transactions or other transaction problem | 2021-08-26T12:00:00-05:00 | ||
| #4450220 | Money transfer, virtual currency, or money service | Managing, opening, or closing your mobile wallet account | 2021-06-10T12:00:00-05:00 | Washington | |
| #4433435 | Money transfer, virtual currency, or money service | Fraud or scam | 2021-06-04T12:00:00-05:00 |
Amalgamated Token Services, INC. Complaints by State
- Amalgamated Token Services, INC. Complaints in North Carolina -- 1 complaints
- Amalgamated Token Services, INC. Complaints in Idaho -- 1 complaints
- Amalgamated Token Services, INC. Complaints in Georgia -- 1 complaints
- Amalgamated Token Services, INC. Complaints in Washington -- 1 complaints
Amalgamated Token Services, INC. Complaints by Product
Amalgamated Token Services, INC. Complaints by Issue
- Amalgamated Token Services, INC. -- Other transaction problem -- 4 complaints | All Other transaction problem Complaints
- Amalgamated Token Services, INC. -- Fraud or scam -- 2 complaints | All Fraud or scam Complaints
- Amalgamated Token Services, INC. -- Confusing or missing disclosures -- 1 complaints | All Confusing or missing disclosures Complaints
- Amalgamated Token Services, INC. -- Money was not available when promised -- 1 complaints | All Money was not available when promised Complaints
- Amalgamated Token Services, INC. -- Unauthorized transactions or other transaction problem -- 1 complaints | All Unauthorized transactions or other transaction problem Complaints
- Amalgamated Token Services, INC. -- Managing, opening, or closing your mobile wallet account -- 1 complaints | All Managing, opening, or closing your mobile wallet account Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Amalgamated Token Services, INC. is generated by ReadTheComplaint using AI analysis of data from the CFPB.