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CFPB fines Apple, Goldman
CFPB Fines Apple, Goldman Sachs Over Apple Card ‘Failures’
Apple and Goldman Sachs have been ordered to pay almost $90 million over handling of disputed charges and other issues relating to the Apple Card.
Apple and Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders
Wednesday’s CFPB action orders refunds for consumers and penalties for both companies. Apple is required to pay a $25 million penalty, the CFPB said, and Goldman a $45 million penalty and at least
Goldman, Apple to pay CFPB $89.8M over Apple Card issues
The bank and tech firm failed to address disputed transactions from their joint Apple Card program, the bureau alleged, and misled them about interest-bearing products.
Hosted on MSN
4h
The CFPB fines Apple millions for Apple Card
The
CFPB
said mismanagement from both companies affected thousands ... In a statement, an Apple spokesperson said “Apple ...
Digital Transactions
2h
How the CFPB’s Data Privacy Rule for Open Banking Could Impact Merchants’ Swipe Fees
Swipe fees, on cards are paid by merchants and are typically 2% to 4% of the transaction. In comparison, fees for pay-by-bank ...
JD Supra
19h
CFPB Finalizes Open Banking (Section 1033) Rule
On October 22nd, the Consumer Financial Protection Bureau ("CFPB") issued its final open banking rule, which implements ...
Hosted on MSN
21h
Apple and Goldman Sachs Fined $89 Million by CFPB for Apple Card Failures
While Apple continues to look for a new home for the Apple Card, the tech giant and its current issuer have been accused of ...
2d
on MSN
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) on Tuesday unveiled rules intended to increase competition that would require ...
13h
Trade groups challenge CFPB’s open banking rule on Day 1
Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue ...
2d
New CFPB rule aims to make switching banks easier by requiring free release of personal data
The Consumer Financial Protection Bureau announced a final rule that will allow consumers to switch banks more easily by ...
HousingWire
2d
CFPB finalizes rule that lays the foundation for open banking
The rule requires financial providers, including mortgage companies, to share personal financial data with peers when ...
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