Goldman Sachs credit card practices under investigation by US watchdog

Goldman Sachs, Apple’s partner bank for its Apple Card offering, has revealed that it is facing an investigation by a U.S. consumer watchdog

Credit: Apple

The bank revealed the investigation in a quarterly 10-Q form filed Thursday with the Securities and Exchange Commission. According to the filing, the Consumer Financial Protection Bureau (CFPB) is probing Goldman Sachs’ credit card account management practices, refunds, and billing error resolutions.

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