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Apple and Goldman Sachs must pay more than $89 million over failures related to their joint Apple Card, federal financial regulators announced Wednesday.. The Consumer Financial Protection Bureau ...
Goldman Sachs, meanwhile, will pay at least $19.8 million in redress to affected customers, along with a $45 million civil penalty and a temporary ban on issuing new cards.
Apple and Goldman Sachs are being ordered by the Consumer Financial Protection Bureau to pay a combined $89 million in fines stemming from customer service issues with the Apple Card and ...
Apple Card is a credit card created by Apple Inc. and issued by Goldman Sachs, designed primarily to be used with Apple Pay on an Apple device such as an iPhone, iPad, Apple Watch, or Mac. [ 1 ] [ 2 ] Apple Card is available only in the United States , with 12 million cardholders as of early 2024.
The Apple Card issued by Goldman Sachs and running on the Mastercard network rolled out in August 2019. By September 30 of that year, Goldman had already lent out about $10 billion, and customers ...
Example of physical Apple Card, issued by Goldman Sachs Bank USA. In March 2019, Apple, Inc. announced that it would partner with Goldman Sachs to launch the Apple Card, the bank's first credit card offering. [115] The partnership opportunity had been turned down by other banks including Barclays, Citigroup, JPMorgan Chase and Synchrony Financial.
(Reuters) -Corporate giants Goldman Sachs and Apple will pay $89 million for violations of consumer protection laws in their joint credit card business that affected hundreds of thousands of ...
In 2018, Hearst Corp and Goldman Sachs's private equity subsidiary, West Street Capital, acquired Slickdeals. [8] [10] At the time of the acquisition, Slickdeals had more than 10 million active users. [8] [11] In June 2022, Statista named Slickdeals as the most visited coupon website in the United States. [12] [13]