ROCHESTER, N.Y. — Apple and Goldman Sachs will have to pay $89 million for misleading consumers, according to the Consumer Financial Protection Bureau (CFPB).

The CFPB says the companies’ actions with Apple Cards, which were supposed to be a simpler alternative to other credit cards, cost consumers big money.

The CFPB says the partnership failed to resolve credit card disputes, sometimes affecting consumers’ credit scores. The CFPB also says consumers were told they could pay for Apple devices in interest-free installments but were still charged interest.

Apple was fined $25 million and Goldman Sachs was fined $45 million and ordered to pay another $20 million to affected consumers.

In other consumer news, the IRS has adjusted the tax brackets for the 2025 tax year to account for inflation. This is for the 2025 tax year that you’ll file in 2026.

The IRS raised the threshold for each tax bracket. For example, to be taxed at 24%, the lowest threshold right now is an income of about $100,500 for an individual. But for the 2025 tax year, it will be $103,350, a difference of about $3,000.

The standard deduction is also being raised from $14,600 to $15,000 for an individual. And for a couple, the deduction is going from $21,900 to $30,000.

That’s a difference of $8,100, that’s significant. Also in 2025, more folks will find they’re eligible for the Earned Income Tax Credit, which will be a huge help to lower-income taxpayers.”

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