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Apple responds after being fined with Goldman Sachs over Apple Card issues

  • The Consumer Financial Protection Bureau (CFPB) has fined Apple and Goldman Sachs nearly $90 million combined for Apple Card failures.
  • Apple has been ordered to pay a $25 million fine and Goldman Sachs is required to pay at least $19.8 million in redress to impacted consumers and a $45 million fine.
  • Apple strongly disagrees with the CFPB's characterization of the company's conduct.
  • Apple Card is designed to support users' financial health and deliver a great experience for Apple Card customers.

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