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Goldman Sachs and Apple to Pay $89 Mn Fine for Consumer Protection Violations in Credit Card Partnership

Oct 23, 2024•over 1 year ago

Contract Type

partnership

New YorkFinancial ServicesFinanceFintechLendingBanking

Description

Goldman Sachs and Apple have been fined $89 million for violations of consumer protection laws in their joint credit card business, which resulted in wrongful charges, mishandled disputes, and damaged credit reports for hundreds of thousands of Apple Card users. The penalties also include restrictions on Goldman Sachs' ability to issue new credit cards.

Company Information

Company

Goldman Sachs

Location

New York, United States

About

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. Press related questions about Voyce, please contact Ryan Wagner at ryan.wagner@ogilvy.com Press related questions about the Summit or Goldman Sachs, please contact Sophia Anthony at Sophia.Anthony@gs.com. SOURCE Voyce

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