CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Failures | Consumer Financial Protection Bureau
www.consumerfinance.gov
The CFPB took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.
  • Admiral Patrick@dubvee.orgEnglish
    6·
    11 hours ago

    As I thought, that $89 million is combined between the two:

    The CFPB is ordering Goldman Sachs to pay at least $19.8 million in redress and a $45 million civil money penalty, and Apple to pay a $25 million civil money penalty

    So Apple, a trillion-dollar company, owes $25 million. They could dig that out of the executive couch and still have couch change to spare.

    • DominusOfMegadeus
      4·
      10 hours ago

      Can we put Lina Khan in charge of setting the fine amounts? I feel like that might be an enormous improvement.