The volatile relationship between Apple and Goldman Sachs has not done either entity any favors, even though their partnership resulted in the inception of the Apple Card. A government agency believes there was an influx of unresolved customer disputes because the technology giant failed to send them to its banking partner. When those disputes were sent, Goldman Sachs did not follow the recommended requirements to investigate them. In short, the technological issues that came with the Apple Card, followed by the negligence of both companies, have forced the Consumer Financial Protection Bureau, or CFPB, to issue a cumulative penalty of […]
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