The Consumer Financial Protection Bureau has ruled that Apple was not ready for Apple Card disputes, and tens of thousands were then not dealt with properly by Goldman Sachs.
Credit firm Goldman Sachs was already losing millions over Apple Card, and is certain to take a hit of a few more millions when it finally gets out of its unhappy marriage with Apple. But now it is also being hit with penalties — and Goldman Sachs is no longer allowed to launch new any new credit card.
The Consumer Financial Protection Bureau (CFPB) has announced that together Apple and Goldman Sachs over issues it says affected hundreds of thousands of Apple Card customers. Specifically, Apple failed to send the details of tens of thousands of disputed transactions to Goldman Sachs — and then the finance firm failed to follow federal investigation requirements.
Continue Reading on AppleInsider | Discuss on our Forums
Source: AppleInsider News
Apple says next week we could see a M4 MacBook and a whole host of…
Apple has just released new firmware for ahead of iOS 18.1’s launch next week. This…
Save 30% on the 2022 Apple MacBook Air powered by the M2 chip.
Apple is planning a host of M4 Mac announcements for next week, but one model…
Ahead of the release of iOS 18.1 to the public next week, Apple today released…
Benjamin and Chance discuss all the new Apple Intelligence features available in the first iOS…