Following an investigation, the Consumer Financial Protection Bureau (CFPB) today announced it has fined Apple and Goldman Sachs nearly $90 million combined for “Apple Card failures” related to “customer service breakdowns” and “misrepresentations.” Apple has been ordered to pay a $25 million fine, which will go to the CFPB’s victims relief fund, while Goldman Sachs is required to pay at least $19.8 million in redress to impacted consumers and a $45 million fine.
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Thursday, October 24, 2024
Apple responds after being fined with Goldman Sachs over Apple Card issues
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Apple responds after being fined with Goldman Sachs over Apple Card issues
Following an investigation, the Consumer Financial Protection Bureau (CFPB) today announced it has fined Apple and Goldman Sachs nearly $90 ...
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