JPMorgan To Take Over Apple Card From Goldman Sachs
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Find out what it means for consumers as Chase takes over as the issuer for the Apple Card, which offers 3% cash back and other benefits.
Now, 9to5Mac reports that Goldman Sachs is considering pulling out of the partnership with Apple, even though the current agreement runs until 2029. If this is the case, Apple is believed to turn to JPMorgan Chase as a replacement, but there may also be talk of a collaboration with American Express, Capital One or Synchrony.
A major meltdown in customer service for Apple Card customers has led to $70 million in civil penalties after a crackdown by regulators. Millions of dollars must be sent to harmed credit card customers, too. The Consumer Financial Protection Bureau took ...
When Apple announced it was launching Apple Card in 2019, it promised “a new kind of credit card” that was “designed to help customers lead a healthier financial life.” Now, government regulators say Apple and its partner Goldman Sachs caused harm ...
JPMorgan has struck a deal to replace Goldman Sachs as the provider of Apple’s credit card program, The Wall Street Journal reported . The largest U.S. bank will take over about $20 billion in customer balances from Goldman at a slight discount,
While Apple continues to look for a new home for the Apple Card, the tech giant and its current issuer have been accused of mismanaging customer accounts. Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from ...
In the most recent sign of tumult for the card, the CFPB says technical and communication issues between Apple and Goldman Sachs harmed cardholders. Many or all of the products on this page are from partners who compensate us when you click to or take an ...