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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 and Goldman Sachs must pay more than $89 ... said the companies provided inadequate customer service and misrepresented transactions and card features to hundreds of thousands of Apple Card ...
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 ...
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.
Apple Card is an Apple-branded credit card that is issued and managed within Wallet. The service is provided by Goldman Sachs in association with Apple. Users can receive "Daily Cash" when shopping at certain retailers. A digital card is available to be added to Apple Pay for wherever Mastercard cards are accepted online or in-store.
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.
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 failed to ...
Apple and Goldman Sachs will allow Apple Card holders to skip their March payment without incurring interest by signing up for a Customer Assistance Program, Apple is informing its customers.