More deets on the Apple Card shake up…

A new report from The Wall Street Journal reveals the reasons behind Apple's decision to end its partnership with Goldman Sachs for the Apple Card. Apple wanted Goldman Sachs to approve nearly all applicants, which led to a higher-than-normal number of subprime borrowers. Once Apple sent a proposal to Goldman Sachs to end their relationship, the company began conversations with other issuers, eventually choosing JPMorgan Chase as the new partner.