Goldman Sachs Faces $50M in Fines Over Apple Card Failures: Regulatory Probe Finds Issues with Credit Card Management
Goldman Sachs could be forced to pay tens of millions of dollars in fines by the Consumer Financial Protection Bureau over the way it handled complaints about Apple Card and other credit cards.
Goldman Sachs could be facing penalties of more than $50 million from the Consumer Financial Protection Bureau over its handling of Apple Card customer complaints. The enforcement action, expected this week, follows a years-long investigation into how Goldman dealt with fraud and refunds for its credit card business, including its Apple Card partnership.
