Goldman, Apple to pay $89 mn following CFPB probe of credit card JV

Quick Summary:

The bank disclosed in 2022 that the CFPB had been looking into the company’s credit-card practices, including how it resolves incorrect bills and processes refunds.

The CFPB also found that the companies misled consumers about interest-free payment plans for Apple devices.

When the technology giant did send disputes to the bank, Goldman didn’t adhere to federal requirements for investigating the disputes.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Goldman Sachs Credit card Penalty on Apple Apple Penalty on Goldman

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 21:51:24 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23216399

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Coverage Areas: India

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