<ul><li>Goldman Sachs is facing significant penalties from the Consumer Financial Protection Bureau due to alleged misconduct in its credit card operations.</li><li>The enforcement action is tied to an investigation into Goldman’s customer service operations, including how it handled fraud and refunds, with a focus on its Apple credit-card partnership.</li><li>The bank is expected to be fined tens of millions of dollars, with total penalties, including customer reimbursements, expected to be north of $50 million.</li><li>The investigation has primarily focused on the Apple credit card and has looked into lags and lapses in providing cardholder refunds and addressing fraud issues.</li></ul>

Goldman Sachs faces $50 million in fines over Apple Card issues

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