The Consumer Financial Protection Bureau has ruled that Apple was not ready for Apple Card disputes, and tens of thousands were then not dealt with properly by Goldman Sachs.
Goldman Sachs could be forced to pay tens of millions of dollars in fines by the Consumer Financial Protection Bureau, over the way it handled complaints about Apple Card and other credit cards.
Originally marketed as a high-yield account, Apple Card Savings has once more had its interest rate reduced.
As Goldman Sachs prepares to offload its responsibilities to Apple, a new suitor has appeared. JPMorgan seems interested in taking the mantle — but with conditions.
Apple Card is a popular hit with everyone except Apple's partner Goldman Sachs, with it likely to lose millions as it tries to pull out.
For the fourth year running, Apple Card has managed to snag best in customer satisfaction among co-branded credit cards with no annual fee as rated J.D. Power.
Apple Card customers taking advantage of the high-yield Apple Savings account will see their APY decrease for the first time from 4.5% to 4.4% on April 3.
Goldman Sachs has contacted Apple Card owners to inform them that the bank has now raised savings account limits to $1 million, up from the previous $250,000.
Chase could be the best partner for Apple Card, a report proposes, with previous history between the bank and the iPhone maker seemingly making it the best possible successor to Goldman Sachs for Apple's credit-based service.
Goldman Sachs and Apple seem likely to part ways by early 2025, but a vague statement from Apple provides little reassurance to existing Apple Card customers.
Goldman Sachs is expected to stop issuing the Apple Card in early 2025, as the companies seek other financial institutions to back the card and savings account.
Apple won't report its latest financial results until Thursday evening, but investment firm Goldman Sachs offered investors a first take following the conclusion of the Scary Fast event.
Following reports of financial firm Goldman Sachs's deteriorating relationship with Apple, the company's CEO has avoided saying anything about wanting to pull out of its Apple Card and Apple Savings deals.
Apple Card and Apple Savings are performing so poorly for Goldman Sachs, one executive has reportedly said that "we should never have done this f****** thing."
Goldman Sachs is encouraged by the improving PC market, but warns Apple and other vendors still face lower spending budgets for both consumers and enterprise.
Apple and Apple Card financial partner Goldman Sachs are said to have abandoned nascent plans to co-develop a stock trading app like Robin Hood for iPhones, but it's not completely clear why.
Shipping dates show that the iPhone 15 Pro Max is the best-selling iPhone 15 model worldwide, and is now backordered into November 2023.
After a tumultuous period between Apple and Apple Card partner Goldman Sachs involving Apple Savings customer withdrawals, the issues appear to be mostly solved with loosened anti-fraud protections.
Apple partnered with Goldman Sachs to launch the Apple Card, and for the third time, the credit card has earned J.D. Power's number-one ranking in satisfaction.
Apple Savings deposits have hit a landmark $10 billion since inception, fueled by holders sweeping Daily Cash into the high-yield savings accounts.
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William Gallagher
Malcolm Owen
Amber Neely
Wesley Hilliard
Peter Cohen
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