Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 ...

Apple and investment bank Goldman Sachs mishandled disputes and misled iPhone purchasers about interest-free payment options ...

Love the Apple Card and Apple products? If so, you may be interested to know that the Consumer Financial Protection Bureau (CFPB) has ordered Apple and Goldman Sachs to pay more than $89 million ...

Goldman Sachs is seeking to end its Apple Card partnership with Apply before their contract expires. “We have a contract with Apple to run that partnership until 2030, although there’s some ...

Millions of dollars must be sent to harmed credit card customers, too. The Consumer Financial Protection Bureau took action against Apple and Goldman Sachs, charging that the companies illegally ...

Apple and Goldman Sachs will pay over $89 million in combined fines and refunds because of failures stemming from the companies’ Apple Card partnership, according to U.S. regulators Wednesday ...

But the CFPB describes a rush to launch the card despite an array of problems that ultimately hurt users. In statements to NPR, both Apple and Goldman Sachs defend the card as consumer-friendly.

The Apple Card issued by Goldman Sachs and running on the Mastercard network rolled out in August 2019. By September 30 of that year, Goldman had already lent out about $10 billion, and customers ...

The U.S. Consumer Financial Protection Bureau ordered Goldman Sachs and Apple to pay $89 million, and Goldman was temporarily banned from issuing new credit cards, because of the companies ...