$90 Million Fine: How Apple And Goldman’s ‘Consumer-Friendly’ Credit Card Move Backfired - View from the Wing

Goldman learned a lot of expensive lessons with the Apple Card, which is why they want out of the consumer credit card business. But the Apple Card was a clear money-loser to everyone except Goldman even before it launched. And now they know that off

By: Viewfromthewing.com

Oct 27 2024
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Matt Levineexplains why Apple and Goldman Sachs face a $90 million penalty over the Apple card: CFPB fines of Goldman ($45 million), Apple ($25 million) and customer refunds ($19.8 million). I guess… [+2431 chars]

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