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Apple and Goldman Sachs fined over $89 million for “Apple Card failures”

Apple and Goldman Sachs have officially been hit with over $89 million in fines due to “Apple Card failures.” The...

Goldman Sachs is also accused of “misleading cardholders about refunds,” leading to customers paying additional and unexpected interest: The ruling from the CFPB comes as Goldman’s losses from its consumer business continue to mount, recently surpassing $6 billion. Talks between Apple and JPMorgan Chase are said to have started earlier this year, but there’s no timeline on when a deal will be finalized.

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