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Apple card, underwriter Goldman Sachs committed no fair lending violations

Apple card, underwriter Goldman Sachs committed no fair lending violations

FILE PHOTO: The Apple logo is seen at an Apple Store in Brooklyn, New York, U.S. October 23, 2020. REUTERS/Brendan McDermid

NEW YORK: New York's Department of Financial Services on Tuesday said it concluded its investigation into Apple's credit card and its underwriter Goldman Sachs Group Inc and found no evidence of unlawful discrimination against applicants under the fair lending law.

The investigation included reviewing thousands of pages of records submitted by Goldman and Apple, interviews with witnesses of Apple card applicants and data for roughly 400,0000 Apple card applicants from New York state.

(Reporting By Elizabeth Dilts Marshall)

Source: Reuters

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