The CFPB announced on October 23, 2024, that Apple and Goldman Sachs would pay the stated penalties and consumer redress under enforcement orders addressing Apple Card failures.
True
The Consumer Financial Protection Bureau announced on October 23, 2024 that Apple would pay $25 million and Goldman Sachs would pay $45 million plus at least $19.8 million in redress over Apple Card failures.
CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Failures | Consumer Financial Protection Bureau
Source: consumerfinance.gov
At a glance
Verified August 31, 2026Key Evidence
The CFPB’s enforcement records specify a $25 million civil penalty for Apple and a $45 million civil penalty for Goldman Sachs.
Goldman Sachs was also ordered to provide at least $19.8 million in consumer redress, bringing the combined penalties and redress to more than $89 million.
The New York Times and Reuters independently reported the same amounts on October 23, 2024, the date of the CFPB announcement.
The reporting
What the Evidence Shows
The Consumer Financial Protection Bureau announced enforcement actions against Apple and Goldman Sachs on October 23, 2024. The orders required Apple to pay a $25 million civil penalty, while Goldman Sachs was required to pay a $45 million civil penalty and at least $19.8 million in redress to consumers. Together, those amounts exceeded $89 million.consumerfinance.govconsumerfinance.govCFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card...
consumerfinance.govconsumerfinance.govGoldman Sachs Bank USA
Primary trail
Verified Sources10
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