Apple Inc.

On October 23, 2024, the Bureau issued an order against Apple Inc. In December 2017 Apple and Goldman Sachs Bank USA (Goldman) entered an agreement to offer Apple Card, a credit card integrated with Apple software that offers both market-rate APRs and interest-free financing for qualifying Apple products. Goldman agreed to extend the credit offered through Apple Card and to investigate disputes submitted by consumers. Apple designed the consumer-facing interfaces that consumers used to manage Apple Card accounts on Apple devices, including the functions that allowed consumers to dispute Apple Card transactions, and developed the creative approach and design of Apple Card advertisements. The Bureau found that Apple violated the Consumer Financial Protection Act of 2010 by failing to send transaction disputes to Goldman and in relation to its enrollment practices for Apple Card Monthly Installments. The order required Apple to pay a $25 million civil money penalty and to come into compliance with the law.

On September 22, 2025, pursuant to the Bureau’s authority under 12 U.S.C. § 5563(b)(3) and under Paragraph 83 of the order, the Bureau terminated the order and waived any alleged non-compliance therewith. Apple has paid a civil money penalty of $25,000,000 to the Bureau required by Section IX of the Consent Order.

The Bureau separately took action against Goldman for its role in marketing, offering, and servicing the Apple Card. The order against Goldman requires it to pay $19.8 million in redress to consumers and a $45 million civil money penalty and to come into compliance with the law.

Consent Order

Stipulation

Order Terminating the Consent Order