Goldman Sachs (GS) will be ordered to pay north of $50M in penalties by the Consumer Financial Protection Bureau over its handling of its credit card business, AnnaMaria Andriotis of Wall Street Journal reports, citing people familiar with the matter. The fine is tied to an investigation into Goldman’s customer service operations, including how it handled fraud and refunds, with a focus on its Apple (AAPL) credit card partnership, sources told the Journal. The enforcement action is expected as soon as this week, the paper adds.
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