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CFPB fines Apple, Goldman
Apple, Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders
A federal regulator on Wednesday ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled transaction disputes of Apple Card customers.
CFPB Fines Apple and Goldman Sachs Over Apple Card Dispute
Fines amounting to $89 million have been levied against Apple and Goldman Sachs by The Consumer Financial Protection Bureau (CFPB). A report by The Verge indicates that the issue arose because the companies illegally mishandled transaction disputes and misled iPhone buyers about interest-free payment options with the Apple Card.
Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
Goldman Sachs is facing a fine in the tens of millions of dollars from the U.S. Consumer Financial Protection Bureau over its credit card business, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Crowdfund Insider
5h
Global Fintech Wise Issues Statement on CFPB Open Banking Rules: “Wise encourages the CFPB to consider expanding the scope of this rule”
There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (
CFPB
).
Des Moines Register
2d
Who's the boss? You are, under CFPB's new rule
The Personal Financial Data Rights require financial institutions, credit card issuers, and other financial providers to ...
bankingdive
21h
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 ...
1d
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 ...
1d
CFPB finalizes ‘open banking’ rules for consumer data sharing
According to the CFPB, as the rules take effect, consumers will be able to transfer their data between banks free of charge ...
23h
on MSN
Watch CFPB Director Rohit Chopra speak at DC Fintech Week
Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), speaks during a hearing in Washington, DC, US, on ...
JD Supra
17h
Pay to Play? CFPB Warns Consumers about Risks of Video Game Currency and In-Game Purchases
The Consumer Financial Protection Bureau (CFPB) has turned its attention to in-game currencies and purchases (commonly ...
Digital Transactions
22h
Banks Take Aim at the CFPB’s Data Privacy Rule for Open Banking
No sooner had the Consumer Financial Protection Bureau released its personal financial data rights rule Tuesday than the rule ...
4h
on MSN
Banks are finally going to have to compete for your money
New rules finalized by the Consumer Financial Protection Bureau (CFPB) on Tuesday will require banks to simplify how ...
JD Supra
16h
CFPB Finalizes Open Banking (Section 1033) Rule
On October 22nd, the Consumer Financial Protection Bureau ("CFPB") issued its final open banking rule, which implements ...
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Related topics
Goldman Sachs
Apple
Cards
Consumer Financial Protection Bureau
Rohit Chopra
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