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Goldman Sachs, Apple agree to $89 million settlement for misleading credit card customers
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Banking, Consumer Protection, Industry Regulation
Tuesday, October 29, 2024
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Apple and Goldman Sachs agreed to pay more than $89 million to settle charges levied by the Consumer Financial Protection Bureau (CFPB), alleging illegal mishandling of credit card customer disputes and misleading marketing practices. The CFPB issued separate consent orders for each company describing violations of the Truth in Lending Act and Regulation Z.
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