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Apple, US Bank Settlements With Consumer Financial Protection Bureau Terminated
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Apple, US Bank Settlements With Consumer Financial Protection Bureau Terminated
Sep 23, 2025 4:15 AM

06:59 AM EDT, 09/23/2025 (MT Newswires) -- Apple ( AAPL ) and US Bank (USB) have had their separate settlements with the Consumer Financial Protection Bureau terminated, court filings from Monday show.

According to a Reuters report late Monday, the move ends oversight requirements years early.

Apple's ( AAPL ) settlement, reached in October 2024, resolved alleged violations linked to Apple Card, including practices related to transaction disputes, marketing, and checkout design for Apple ( AAPL ) devices. CFPB said Apple ( AAPL ) paid a $25 million civil penalty, and it has terminated its consent order and waived any alleged non-compliance.

U.S. Bank's settlement, from December 2023, concerned alleged violations of the Consumer Financial Protection Act and the Electronic Fund Transfer Act related to the bank's handling of unemployment insurance benefit prepaid debit cards. The CFPB said the bank has fulfilled certain obligations under the settlement deal, including a $15 million penalty, redress payments, and steps to implement injunctive relief to prevent future violations, and the regulator has also terminated the consent order.

Neither Apple ( AAPL ) nor US Bank immediately responded to requests for comment from MT Newswires.

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