Goldman Sachs and Apple will pay more than $89 million to resolve a long-running investigation into their credit-card joint venture
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Mishandling of customer disputes and other matters regarding Apple Card payments landed the vendor and partner Goldman Sachs with a combined $89.8 million penalty in the US, after a government agency ruled the companies failed to meet their legal obligations.
Goldman Sachs and Apple will pay more than $89 million to resolve a long-running investigation into their credit-card joint venture
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...
The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.
The bank and tech firms failed to address disputed transactions in their joint Apple Card program, and misled cardholders about interest-bearing...
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