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US fines Apple and Goldman Sachs
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.
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.
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.
NerdWallet on MSN
5h
What the Latest Bad News for the Apple Card Means for Customers
In the most recent sign of tumult for the Apple Card, the CFPB says technical and communication issues between Apple and ...
Mint
6h
Goldman, Apple to pay $89 million after CFPB card probe revealed they ‘misled customers’, ‘mishandled disputes’
The agency ordered Goldman to pay at least $19.8 million in redress and a $45 million penalty while fining
Apple
$25 ...
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Goldman Sachs
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