web analytics

CFPB Is Investigating Goldman Sachs’s Credit Card Practices

Goldman Sachs Group Inc. said Thursday that regulators are investigating business practices at its credit card unit.

The bank said in a securities filing that the Consumer Financial Protection Bureau is looking into several areas, including how the bank handles customer refunds and resolves billing disputes. The regulator is also looking into Goldman’s advertisements and how it reports consumer information to credit bureaus, the bank said.