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U.S. watchdog agency orders Goldman Sachs, Apple to pay $89 million over Apple Card issues

  • The U.S. Consumer Financial Protection Bureau has ordered Goldman Sachs and Apple to pay $89 million for violations in their Apple Card credit card business.
  • Goldman Sachs will face restrictions on issuing new credit cards.
  • The misconduct affected hundreds of thousands of Apple Card users, leading to wrongful charges, mishandled disputes, and damaged credit reports.
  • Apple has not yet responded to the announcement.

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