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Apple Pulls Plug on Goldman Credit-Card Partnership (www.wsj.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 11 months ago

The question is does Apple want the scrutiny that banks have over them. Part of the article already mentioned that Goldman didn't like the increased scrutiny that came over their business once they partnered with Apple so I'm sure Apple wouldn't want the increased scrutiny of becoming a financial institution themselves. Just being the named partner on a card and taking a fee is probably the most they want to do

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