Goldman discloses probe into U.S. credit card division

Goldman Sachs' credit card unit is under investigation by the feds

Bank says U.S. financial regulators are looking at customer refunds, credit reporting and other issues.

Goldman Sachs Credit-Card Business Investigated by Consumer Watchdog

The bank said regulators from the CFPB are looking at several areas, including how it handles customer refunds and resolves billing disputes.

Goldman discloses probe into U.S. credit card division

Goldman Sachs’ US credit card division probed by fed watchdog

Under its chief executive officer, David Solomon, the bank has been looking to expand its consumer business as it seeks to diversify its revenue streams beyond trading and investment banking.

Apple Card bank Goldman Sachs facing regulatory probe into credit card practices

Apple’s partner bank for the Apple Card, Goldman Sachs, has disclosed that it is facing an investigation by the Consumer Financial Protection Bureau. The investigation is focused on Goldman’s credit card account management practices in the United States, of which Apple Card is a major component. As reported by Reuters, Goldman disclosed the investigation in […]

Goldman credit card business under investigation by consumer finance watchdog

Group is contending with headaches of retail banking after trying to diversify away from trading and deals