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August 9, 2019 04:45 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Dfpti_JfXAE/goldman-sachs-bank-of-the-rich-and-powerful-is-dipping-into-subprime-lending-with-apple-ca
Goldman Sachs, Bank of the Rich and Powerful, is Dipping Into Subprime Lending With Apple Card
Goldman Sachs is casting a wide net for customers of its new credit card with Apple, approving some subprime borrowers for the product. CNBC: The bank, which is in charge of deciding who gets the Apple Card, is accepting some applications from users with less-than-stellar credit scores, according to people with knowledge of the matter. Goldman began to make the card available to some Apple customers this week ahead of a broader rollout later this month. From the start, Apple wanted its bank partner to create a technology platform that would approve as many of its 100 million-plus U.S. iPhone users as possible, within the bounds of regulations and responsible lending, according to the people. That's in line with the tech giant's desire to provide a good user experience for its customers.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Dfpti_JfXAE/goldman-sachs-bank-of-the-rich-and-powerful-is-dipping-into-subprime-lending-with-apple-ca
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