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Benzinga

Business

Anusuya Lahiri

Apple Settlement Ends Early As CFPB Scales Back Oversight

Apple CFPB Donald Trump AAPL Consumer Financial Protection Bureau Nasdaq Goldman Sachs US Bank

Apple Settlement

The Consumer Financial Protection Bureau ended settlements with Apple (NASDAQ:AAPL) and U.S. Bank years ahead of schedule, as per September court filings. The move aligns with President Donald Trump’s broader effort to scale back CFPB oversight of consumer finance, including dropping settlements with Toyota Motor (NYSE:TM) and Bank of America (NYSE:BAC) and shelving nearly all pending enforcement cases, Reuters reported on Tuesday.

In October 2024, the CFPB held the iPhone maker and Goldman Sachs responsible for mishandling Apple Credit Card dispute transactions.

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