Apple Card partner Goldman Sachs discloses probe into U.S. credit card division

Goldman Sachs’ U.S. credit card business is being investigated by the U.S. Consumer Financial Protection Bureau, the bank disclosed in a regulatory filing on Thursday.

Apple Card partner Goldman Sachs discloses probe into U.S. credit card division

Reuters:

The investigation by the Consumer Financial Protection Bureau (CFPB) includes scrutiny of the bank’s credit card account management practices, refunds and billing error resolution, according to the filing.

Goldman said it was cooperating with the CFPB.

The bank has a credit card partnership with Apple Inc, following the launch of a card with the iPhone maker in 2019. It also offers a co-branded credit card with General Motors Co.

MacDailyNews Take: Goldman’s disclosure reads, verbatim:

The firm is cooperating with the Consumer Financial Protection Bureau in connection with an investigation of GS Bank USA’s credit card account management practices, including with respect to the application of refunds, crediting of nonconforming payments, billing error resolution, advertisements, and reporting to credit bureaus.

Goldman Sachs’ full U.S. SEC Form 10-Q with the disclosure is here.

Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!

Shop The Apple Store at Amazon.

7 Comments

      1. That’s easy. Becky, myself and other Patriots speak out against the woke TYRANNY of extreme leftists.

        No matter the topic or what was said, political or NOT, the braindead leftists automatically downvote on screen name alone.

        The flip side of that coin, no matter the topic or what was said by the self delusional enlightened ones living in darkness, automatically upvote on screen name alone.

        If you have been around here awhile, easy to NOTICE.

        Just wait a few hours on this post, you’ll see…

      2. @Gtg, see what I mean? Interesting, as of this writing we BOTH have 17 votes and two stars.

        This is how the MANIPULATIVE looser trolls get their kicks creating FALSE negatives…

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.