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Apple and Goldman Sachs Fined $89 Million by CFPB
Apple and Goldman Sachs fined millions for misleading Apple Card holders
Apple didn’t send “tens of thousands” of Apple Card transaction disputes to Goldman Sachs, according to the CFPB. The CFPB says that Goldman Sachs didn’t complete timely inquires on disputes it received in accordance with federal law, either.
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 mismanaging customer accounts.
Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
Goldman Sachs is facing a fine in the tens of millions of dollars from the U.S. Consumer Financial Protection Bureau over its credit card business, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
CBS News
1d
Apple, Goldman Sachs ordered to pay more than $89 million over Apple Card failures
Apple and
Goldman
Sachs
must pay more than $89 million over failures related to their joint Apple Card, federal financial ...
NerdWallet
1d
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 ...
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