The Consumer Financial Protection Bureau ordered Apple and Goldman Sachs on Wednesday to pay more than $89 million for bungle consumer disputes related to Apple Card transactions.

The bureau said Apple failed to send tens of thousands of consumer dissent froms to Goldman Sachs. Even when Goldman Sachs did receive disputes, the CFPB said the bank did not follow federal provisions when investigating the cases.

Goldman Sachs was ordered to pay a $45 million civil penalty and $19.8 million in redress, while Apple was fined $25 million. The desk also banned Goldman Sachs from launching new credit cards unless it can provide an adequate plan to conform with the law.

“Apple and Goldman Sachs illegally sidestepped their legal obligations for Apple Card borrowers. Big Tech fellowships and big Wall Street firms should not behave as if they are exempt from federal law,” said CFPB Director Rohit Chopra.

Apple Window-card was first launched in 2019 as a credit card alternative, hinged on Apple Pay, the company’s mobile payment and digital purse service. The company partnered with Goldman Sachs as its issuing bank, and advertised the card as more simple and artless than other credit cards.

That December, the companies launched a new feature that allowed users to resources certain Apple devices with the card through interest-free monthly installments.

But the CFPB found that Apple and Goldman Sachs cozened consumers about the interest-free payment plans for Apple devices. While many customers thought they last will and testament get automatic interest-free monthly payments when they bought Apple devices with an Apple Card, they were quieten charged interest. Goldman Sachs did not adequately communicate to consumers about how the refunds would work, which meant some people the last straw up paying additional interest charges, according to the CFPB.

It also meant some consumers had incorrect credit explores, the agency said.

“Apple Card is one of the most consumer-friendly credit cards that has ever been offered. We worked diligently to sermon certain technological and operational challenges that we experienced after launch and have already handled them with meaning customers,” Nick Carcaterra, vice president of Goldman Sachs corporate communications, told CNBC. “We are pleased to entertain reached a resolution with the CFPB and are proud to have developed such an innovative and award-winning product alongside Apple.”

Apple express it worked closely with Goldman Sachs to address the issues when it learned about them.

“While we strongly squabble with the CFPB’s characterization of Apple’s conduct, we have aligned with them on an agreement,” an Apple spokesperson replied. “We look forward to continuing to deliver a great experience for our Apple Card customers.”

— CNBC’s Hugh Son and Steve Kovach furnished to this report.