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CFPB fines Apple, Goldman
CFPB Fines Apple, Goldman Sachs Over Apple Card ‘Failures’
Apple and Goldman Sachs have been ordered to pay almost $90 million over handling of disputed charges and other issues relating to the Apple Card.
Apple, Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders
A federal regulator on Wednesday ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled transaction disputes of Apple Card customers.
Goldman, Apple to pay CFPB $89.8M over Apple Card issues
The bank and tech firm failed to address disputed transactions from their joint Apple Card program, the bureau alleged, and misled cardholders about interest-bearing products.
Hosted on MSN
11h
The CFPB fines Apple millions for Apple Card
The
CFPB
said mismanagement from both companies affected thousands ... In a statement, an Apple spokesperson said “Apple ...
CNET on MSN
1d
Apple and Goldman Sachs Fined $89 Million by CFPB for Apple Card Failures
While Apple continues to look for a new home for the Apple Card, the tech giant and its current issuer have been accused of ...
Digital Transactions
9h
How the CFPB’s Data Privacy Rule for Open Banking Could Impact Merchants’ Swipe Fees
Swipe fees, on cards are paid by merchants and are typically 2% to 4% of the transaction. In comparison, fees for pay-by-bank ...
2d
on MSN
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) on Tuesday unveiled rules intended to increase competition that would require ...
20h
Trade groups challenge CFPB’s open banking rule on Day 1
Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue ...
JD Supra
1d
CFPB Finalizes Open Banking (Section 1033) Rule
On October 22nd, the Consumer Financial Protection Bureau ("CFPB") issued its final open banking rule, which implements ...
2d
New CFPB rule aims to make switching banks easier by requiring free release of personal data
The Consumer Financial Protection Bureau announced a final rule that will allow consumers to switch banks more easily by ...
American Banker
2d
CFPB's 1033 open banking final rule expands scope to payment apps
The Consumer Financial Protection Bureau expanded the scope of the 1033 rule to include payment apps, provides for some ...
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