US slaps Apple and Goldman Sachs with US$89m fine for lying to Apple Card users

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NEW YOK, Oct 24 — The United States fined Apple and Goldman Sachs a total of US$89 million on Wednesday, accusing them o...

The CFPB ordered Goldman Sachs to pay at least US$19.8 million in compensation and a US$45 million fine, while Apple was hit with a US$25 million fine.

The CFPB criticized Apple and Goldman for launching Apple Card “despite third-party warnings to Goldman that the Apple Card disputes system was not ready due to technological issues.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaJapanUnited States

Topics: Goldman Sachs Big tech Wall street Apple Apple card

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 10:47:46 (6 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 340 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Malay Mail

News ID: 23303509

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About Malay Mail

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Official Website: malaymail.com

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