Apple and Goldman Sachs Fined $89 Million Over Apple Card Failures
Regulatory agency CFPB has ordered Apple and Goldman Sachs to pay a penalty exceeding $89 million due to failures related to the Apple Card. The agency found that both companies had deceived customers and mishandled card-related issues. This ruling follows an investigation into their credit card operations, highlighting significant customer service breakdowns. Both companies are now facing scrutiny as they address the consequences of these failures while maintaining their business practices.
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