Accusing them of deceiving users of the iPhone maker's credit card

The United States fined Apple and Goldman Sachs a total of $89 million on Wednesday, accusing them of deceiving users of the iPhone-maker's credit card. Customer service breakdowns and misrepresentations affected hundreds of thousands of users of Apple Card, launched in a collaboration with the US banking titan in 2019,…

The United States fined Apple and Goldman Sachs a total of $89 million on Wednesday, accusing them of deceiving users of the iPhone maker's credit card.

The United States fined Apple and Goldman Sachs a total of $89 million on Wednesday, accusing them of deceiving users of the iPhone maker's credit card. The CFPB ordered Goldman Sachs to pay at least $19.8 million in compensation and a $45 million fine, while iPhone-maker Apple was hit with a $25 million fine. elm-gc/dw

The United States fined Apple and Goldman Sachs a total of $89 million on Wednesday, accusing them of deceiving users of the iPhone maker's credit card. The CFPB ordered Goldman Sachs to pay at least $19.8 million in compensation and a $45 million fine, while iPhone-maker Apple was hit with a $25 million fine. elm-gc/dw

The Consumer Financial Protection Bureau (CFPB) fined Apple and Goldman Sachs more than $89 million Wednesday for illegally mishandling transaction disputes and misleading consumers about interest-free payment options.

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.

Following an investigation, the Consumer Financial Protection Bureau (CFPB) today announced it has fined Apple and Goldman Sachs nearly $90...

Goldman Sachs and Apple will pay $89 million in penalties and customer refunds over widespread service failures and deceptive practices in their joint Apple Card venture, U.S. consumer watchdog CFPB said on Wednesday. The agency found Goldman mishandled credit card disputes while Apple failed to ...