The Consumer Financial Protection Bureau (CFPB), a government watchdog agency, issued a $89 million fine againstApple Inc (NASDAQ:AAPL) and Goldman Sachs (NYSE:GS) due to “service breakdowns and misrepresentations” that impacted Apple Card users. The agency claims these missteps affected hundreds of thousands of Apple Card holders. The Context: Apple launched the Apple Card in partnership with Goldman Sachs in late 2019. The CFPB states that Goldman Sachs was aware that some of Apple’s transaction dispute systems were not functioning properly ahead of the launch, but the companies decided to p…
