The Consumer Financial Protection Bureau said Goldman Sachs failed to investigate tens of thousands of disputes, while Apple misled iPhone purchasers about interest-free payment options. The two companies were ordered to pay $89 million.
Kate Berry is a Reporter at American Banker, where she has covered the Consumer Financial Protection Bureau since 2016. With a background in mortgage lending and financial services, she has reported on major banks and the financial crisis, while also exploring themes such as markets and business leadership. Berry's work has been featured in notable publications including Financial Planning, BBC News, and The Bond Buyer.