The Consumer Financial Protection Bureau (CFPB) has levied a combined $90 million penalty against Apple and Goldman Sachs for issues related to the Apple Card. The CFPB gave the penalty as a result of failures in customer service and misrepresentations made to card users.

Apple and Goldman Sachs will pay over $89 million in combined fines and refunds because of failures stemming from the companies’ Apple Card partnership, according to U.S. regulators Wednesday, which temporarily blocked Goldman from issuing new credit cards.

The U.S. Consumer Financial Protection Bureau ordered Goldman Sachs and Apple to pay $89 million, and Goldman was temporarily banned from issuing new credit cards due to mishandling the Apple Card partnership.

We did tell you so When we warned readers that Apple should not be trusted with their finances how they laughed, after all why wouldn’t a multinational company with a history of overpricing is products and extorting developers be trusted to run its Apple Pay scheme?

Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

The companies must pay more than $89 million in penalties after regulators found they mishandled customer disputes and misled consumers about interest-free payments. The Consumer Financial Protection Bureau (CFPB) has ordered Apple and Goldman Sachs to pay more than $89 million in penalties on behalf of hundreds of thousands of Apple Card users,

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.

While Apple continues to look for a new home for the Apple Card, the tech giant and its current issuer have been accused of mismanaging customer accounts.

The United States fined Apple and Goldman Sachs a total of $89 million on Wednesday, accusing them of deceiving users of the iPhone maker's credit card.