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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.
Goldman Sachs maintains that "Apple Card is one of the most consumer-friendly credit cards that has ever been offered," a spokesperson said in a statement to CBS MoneyWatch. "We worked diligently ...
In 2019, Goldman Sachs made a splash by announcing what it called a “game-changing” credit card with Apple. Five years later, the partnership appears to have fizzled and Apple is reportedly ...
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 ...
(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 ...
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 ...
The US Consumer Financial Protection Bureau ordered Goldman Sachs and Apple to pay $89 million, and Goldman was temporarily banned from issuing new credit cards, because of the companies ...
NEW YORK (Reuters) -Four years after Goldman Sachs introduced a credit card with Apple, the Wall Street giant faces a costly exit from a partnership that is seen by other lenders as too risky and ...