The cautionary tale of Goldman and Apple’s credit card

Retail banking is not only harder than it looks but also heavily regulated by watchdogs who take their duties very seriously

Business - Financial Times - 8 hours ago

Goldman and Apple fined $89mn over US credit card programme

Consumer regulator says companies ‘illegally sidestepped’ obligations in latest setback for struggling partnership

Business - Financial Times - 6 days ago

Barclays to Replace Goldman Sachs as Issuer of GM Credit Cards

The deal aims to expand Barclays’s consumer ambitions in the U.S. while getting Goldman closer to exiting consumer lending.

Business - The Wall Street Journal - October 14

Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures

Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

Business - CNBC - 6 days ago

Apple, Goldman Sachs ordered to pay $89 million over Apple Card failures

Apple and Goldman "illegally sidestepped" their obligations to Apple Card customers, federal regulators say.

Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry

The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.

Business - The New York Times - 6 days ago

Apple and Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders

A federal regulator has ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled Apple Card customers' transaction

Tech - ABC News - 6 days ago

Paul Rudolph Was an Architectural Star. Now He’s a Cautionary Tale.

His Brutalist buildings, praised during the Kennedy era, are now being demolished. A new exhibition in Manhattan looks at the limits of genius.

Top stories - The New York Times - October 16

Consumer Fears of Credit Card Delinquency Rise

A monthly New York Fed survey finds that while people felt generally positive about inflation, income, and jobs, fear of failing to make debt payments rose to a four-year high.

Business - Inc. - October 16

How to qualify for a credit card hardship program this November

If you can't pay your credit card bills, a hardship program could provide relief, but you'll need to qualify first.

Apple, Goldman Sachs Ordered to Pay $89 Millions Over Transaction Disputes

The Consumer Finance Protection Bureau ordered the two to pay out over Apple Card disputes.

Business - Inc. - 6 days ago

Will credit card debt forgiveness cover my $40,000 debt?

Getting rid of your credit card debt is important, but is debt forgiveness the right approach? Here's what to know.

3 ways to make your credit card debt cheaper this October

With rates averaging nearly 23%, credit card debt is expensive right now — but there are ways to reduce the costs.

Will credit card debt forgiveness cover my $15,000 debt?

If you're trying to tackle $15,000 in credit card debt, it's important to find the right strategy first.

Worried about missing credit card payments? 4 things to do now

More Americans are worried about missing their credit card payments. If you're one of them, take these steps now.

Will credit card debt forgiveness cover my $25,000 debt?

With credit card interest rates high, many borrowers may need forgiveness now. But can it cover $25,000 worth of debt?

Will credit card debt forgiveness cover my $3,000 debt?

Stuck with a $3,000 credit card bill? Here's how to get help now.

How far will credit card interest rates fall in November?

There may be another Fed rate cut on the horizon in November. Here's how it could impact credit card rates.

Credit card interest rates are surging: How to lower yours now

The average card rate now surpasses 23%, a record high. Luckily, there are rate-reducing strategies that can help.

How an ex-Goldman banker built a $10bn private credit ‘whale’ — and now may sell it

After years of preparation, HPS is on the verge of either a deal or an IPO

Business - Financial Times - 6 days ago

Apple, Meta and Amazon need to play these wild cards to boost their earnings

Big-tech bellwethers must show Wall Street that AI spending paid off in the third quarter.

Business - MarketWatch - 1 hour ago

General Motors says Barclays will replace Goldman Sachs as rewards-card issuer starting next summer

The cards give members the opportunity to earn and redeem awards on new Chevrolet, Cadillac, Buick and GMC vehicles, including GM’s line of electric vehicles.

Business - MarketWatch - October 14

2 in 5 U.S. credit card holders have topped out their spending limit

Lower-income earners and older people are more likely to say they've maxed out a card since the Fed starting hiking interest rates.

Nearly 2 in 5 cardholders have maxed out a credit card or come close, report finds

Higher prices and higher interest rates have caused many Americans to use more of their available credit. Gen X is particularly stretched.

Business - CNBC - October 17

Have $20,000 in credit card debt? Here's how much a forgiveness plan could cover.

Credit card debt forgiveness can help you dig out of debt. Here's how much of a $20,000 debt a forgiveness plan can cover.

Stuck with $30,000 in credit card debt? Here's how much a forgiveness plan can cover.

A $30,000 debt balance can be debilitating for your finances. Here's how much a forgiveness plan can reduce it by.

Have $10,000 in credit card debt? Here's how much debt forgiveness could cover.

Pursuing debt forgiveness could substantially reduce the $10,000 credit card debt you're dealing with. Here's how.

Have $15,000 in credit card debt? Here's what a debt forgiveness plan could cover.

If you're dealing with $15,000 in credit card debt, this type of debt relief could offer a reprieve. Here's how.

Have $7,500 in credit card debt? Here's what debt forgiveness could cover.

Getting rid of $7,500 in credit card debt could be easier with the help of a credit card debt relief program.

Have $25,000 in credit card debt? Here's what debt forgiveness could cover.

The right credit card debt forgiveness program could reduce your $25,000 credit card balance significantly.

Have $50,000 in credit card debt? Here's what debt forgiveness could cover.

With a credit card balance that high, the right debt forgiveness program could help you save a substantial amount.

Have $40,000 in credit card debt? Here's what debt forgiveness could cover.

The right debt forgiveness program could lead to hefty savings on a $40,000 debt. Here's how.

28% of credit card users are still paying off last year's holiday debt. How to get this season’s tab under control

Americans tend to overspend during the holiday shopping season and this year will be no different, experts say.

Business - CNBC - October 21

‘She can’t even buy groceries or put gas in her car’: My friend’s husband died, leaving her with three young children, no job and $15,000 in credit-card debt

“She is planning to sell their house and should net between $75,000 and $100,000 on the sale of the property.”

Business - MarketWatch - October 21

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results

Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.

Business - CNBC - October 15

An Appreciation: Fernando Valenzuela and Fernandomania

Fernando Valenzuela, who died on Tuesday at age 63, was a teenage phenomenon from Mexico who remade the Dodgers’ fan base and put his country on the baseball map.

Lifestyle - The New York Times - 5 days ago

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