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Topic: Goldman Sachs

Senators Elizabeth Warren & Sherrod Brown push for Apple Card probe by CFPB

11/26/2019, 12:11 pm

Senators Elizabeth Warren and Sherrod Brown are amping up their attacks against Apple Card partner Goldman Sachs' alleged gender bias for applicants, pushing the director of the Consumer Financial Protection Bureau to examine the claims for violations of fair lending laws.

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Senators pile on Goldman Sachs over alleged Apple Card bias, bank to offer shared household credit line

11/14/2019, 12:11 am

Democratic senator and U.S. presidential candidate Elizabeth Warren on Wednesday chided Apple Card financial partner Goldman Sachs over the firm's response to claims that its algorithms introduce a credit limit bias against women.

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Goldman Sachs will reevaluate Apple Card credit line limits after claims of gender bias

11/11/2019, 09:11 pm

Responding to claims that a gender bias is instituted when processing Apple Card applications, Apple banking partner Goldman Sachs on Monday said it is prepared to reevaluate credit lines for customers who expected higher limits.

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Goldman Sachs denies claims of Apple Card gender bias

11/11/2019, 05:11 am

Following accusations that married couples are seeing different credit ratings in their Apple Card applications, bank Goldman Sachs has issued a statement saying all scores are individually calculated.

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Goldman Sachs extends $10B in Apple Card credit over first month

11/01/2019, 06:11 pm

According to regulatory filings made public this week, Apple Card financial partner Goldman Sachs said it doled out about $10 billion in credit lines for the Apple branded credit card in a little over one month.

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Apple Card users having problems with making payments

11/01/2019, 01:11 pm

A number of Apple Card customers are having problems managing their credit card, with reports of users struggling to make payments to the credit facility through the Wallet app, with the distinct possibility of some users accidentally making multiple payments against their account balance.

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Apple Card had the 'most successful credit card launch ever' says Goldman Sachs

10/15/2019, 12:10 pm

Apple's financial partner company Goldman Sachs reports that its first-ever consumer credit card launch -- the Apple Card -- has been a success, and that here is a "high level" of demand for it.

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Credit reporting on Apple Card holders rolling out now

10/15/2019, 07:10 am

Despite reports that neither Apple nor Apple Card issuer Goldman Sachs were reporting the usual payment details to credit bureaus, the information is now beginning to be sent.

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Apple disputes allegations that Apple TV+ trial will drive down stock price

09/13/2019, 02:09 pm

Following Goldman Sachs predictions claiming that Apple TV+ trials would be reported financially in such a manner that investors would complain and bail out of the stock, Apple has said that it will have no impact on results at all.

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Goldman Sachs spends $350 for every Apple Card signup

08/14/2019, 03:08 pm

Goldman Sachs is spending somewhere in the region of $350 to acquire every new customer of Apple Card, analysts claim, with the investment bank not expected to make a profit on the user until they have been a customer for four years on average.

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How to pay your Apple Card bill

08/14/2019, 01:08 pm

It's not the best part of owning a credit card, but since we have to pay them off, Apple has made the process remarkably fast and easy for Apple Card payments.

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Apple Card invitation problem leading to bogus international application emails

08/14/2019, 07:08 am

In what appears to be a database problem, Apple is not just sending emails to iCloud accounts saying that the user needs to update with an iCloud email address, but customers outside the US are erroneously being asked to apply as well.

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Goldman Sachs may accept 'subprime' Apple Card applications

08/09/2019, 09:08 am

Apple Card is apparently being offered to more than just people with great credit scores, with Goldman Sachs allegedly approving applicants for the co-branded credit card with poor credit scores, in what could be a move to acquire as many customers as quickly as possible.

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Apple Card opened up to more users ahead of official launch

08/08/2019, 08:08 am

Apple has increased the number of people who can sign up for Apple Card ahead of its official launch, with more iPhone users now able to apply for the credit card from their devices.

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General consumer interest in Apple Card is 'remarkably high,' says survey

08/07/2019, 08:08 am

The benchmarking and survey company J.D. Power is predicting that Apple Card will be hit, based on the awareness and interest of US consumers ahead of its launch.

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New Apple videos cover how to apply for and use Apple Card

08/06/2019, 06:08 am

Emphasizing the simplicity and speed of signing up, ten new videos from Apple cover applying for Apple Card directly in your iPhone's Wallet app through using the titanium card at retail.

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Read the fine print of Apple Card's customer agreement

08/02/2019, 05:08 pm

With a launch just weeks or even days away, Goldman Sachs has published the customer agreement for Apple Card, sharing APRs, usage restrictions and other details.

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Apple Card to launch in first half of August

07/26/2019, 06:07 am

Sources say Apple Card is still on schedule to be released in the summer, only just keeping it within Apple's stated launch timeframe.

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Goldman Sachs spending heavily in preparation for Apple Card

07/16/2019, 12:07 pm

Goldman Sachs has burned through considerable amounts of money on Apple Card and its other consumer-facing initiatives, with the investment bank revealing it has spent around $275 million in 2019 alone on public-based projects.

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Apple Card expected to earn Apple $1B annually with minimal risk to Apple

05/29/2019, 09:05 am

Apple Card could earn Apple $1 billion dollars in revenue within a few years of its launch, analysis of the upcoming credit card suggests, with the service likely to be "almost pure profit" to the iPhone maker while partner Goldman Sachs handles the vast majority of the risk and its operation.

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