Original Content
The largest U.S. bank will assume a $20 billion portfolio of Apple customers as Goldman Sachs extricates itself from consumer lending.
JPMorgan Chase to take over as Apple Card’s issuer
AI Summary
JPMorgan Chase will take over the $20 billion portfolio of Apple Card customers from Goldman Sachs. This move does not have immediate implications for Texas credit unions.
Texas Relevance
The article does not mention any specific Texas entities or regulations and is primarily about a corporate banking decision.