Tensions rise over Apple Card as Goldman Sachs asserts control

Except the Apple Card does, of course, need the infrastructure of a financial institution in order to operate, and that institution is Goldman Sachs, the bank Apple collaborated with to create the Card. And according to the bank, the Apple Card was and is controlled by Goldman Sachs, not the iPhone maker, despite what the latter may claim.
Since its inception, the Apple Card has enjoyed much popularity for its clear terms and generous rewards on Apple products, but it’s also received a lot of backlash. Last November, issues of discrimination over the application process were raised concerning the seemingly-sexist algorithm used by Goldman Sachs.