Report: CFPB Set to Fine Goldman Sachs $50 Million After Credit Card Probe
GSGoldman Sachs(GS) PYMNTS.com·2024-10-23 10:19

The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling of fraud and refunds in its credit card business.The regulator is expected to announce its enforcement action as soon as this week, The Wall Street Journal (WSJ) reported Tuesday (Oct. 22), citing unnamed sources.The CFPB did not immediately reply to PYMNTS’ request for comment.The regulator has been investigating Goldman Sachs’ customer service operation ...