Apple and Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders ...Middle East

NEW YORK (AP) — A federal regulator on Wednesday ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled transaction disputes of Apple Card customers. The Consumer Finance Protection Bureau orders point to “customer service breakdowns and misrepresentations” around Apple and Goldman’s credit card partnership. Apple failed to send tens of thousands of Apple Card disputes to Goldman, and when such customer disputes were reported, the investment bank did not follow federal requirements for investigating, the agency said. As a result, many consumers faced long waits to get their money back from disputed charges and, in some cases, saw incorrect negati

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