Apple and Goldman Sachs Being Held Accountable: Petroff Amshen LLP Advocates for Consumers Affected by Financial Mismanagement | Petroff Amshen LLP

December 12, 2024

Apple and Goldman Sachs Being Held Accountable: Petroff Amshen LLP Advocates for Consumers Affected by Financial Mismanagement

Petroff Amshen LLP highlights the impact of Apple and Goldman Sachs' deceptive practices, which have left thousands of victims with unauthorized charges and financial losses. With nearly two decades of experience, Petroff Amshen LLP is committed to holding corporations accountable and ensuring justice for those harmed by fraudulent bank activity.

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Petroff Amshen LLP is calling attention to the significant harm caused by the corporate misconduct of Apple Inc. and Goldman Sachs, as revealed by a recent Consumer Financial Protection Bureau (“CFPB”) investigation. This action sheds light on systemic failures in the management of the Apple Card, resulting in financial damages to consumers across the country.

The CFPB’s findings paint a troubling picture of negligence and misrepresentation. Tens of thousands of Apple Card users encountered issues with disputed transactions that were either ignored or mishandled. Despite federal laws requiring timely and thorough investigations of such disputes, Apple failed to send many cases to Goldman Sachs, the financial institution responsible for servicing the card. Even when disputes were forwarded, Goldman Sachs often failed to meet the legal standards for investigation and resolution. These actions left consumers burdened with unauthorized charges and even negative marks on their credit reports, compounding the financial and emotional toll.

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“These corporations have failed to prioritize the well-being of consumers, leaving thousands in financial distress, we are committed to defending the rights of those affected by such practices and ensuring that justice is served.”

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Apple and Goldman Sachs misled consumers about interest-free payment plans and mishandled refunds, causing unexpected interest charges and financial strain for thousands of individuals. These deceptive practices have damaged consumer trust and transgress their financial rights. Petroff Amshen LLP recognizes the profound impact these failures have had on consumers. Many victims have been left struggling to recover from financial losses and damage to their credit, all while navigating a complex and confusing dispute process. The actions from these major entities are reminders of the need for accountability, especially when corporations prioritize profit over legal compliance and customer trust.

“These corporations have failed to prioritize the well-being of consumers, leaving thousands in financial distress," says Serge F. Petroff, Founding Partner of Petroff Amshen LLP. "We are committed to defending the rights of those affected by such practices and ensuring that justice is served.”

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