Apple co-founder says Goldman's Apple Card algo discriminates

Image: Apple Apple’s new credit card is being investigated by financial regulators after customers complained that the card’s lending algorithms discriminated against women. The incident began when software developer David Heinemeier Hansson complained on Twitter that the credit line offered by his Apple Card was 20 times higher than that offered to his spouse, even though the two file joint tax returns and he has the worse credit score. “The @AppleCard is such a fucking sexist program,” wrote Hansson. “My wife and I filed joint tax returns, live in a community-property state, and have been married for a long time. Yet Apple’s black box algorithm thinks I deserve 20x the credit limit she does.” Hansson said Apple’s customer service responded... Continue reading…

Apple co-founder says Goldman's Apple Card algo discriminates

Apple Inc. and Goldman Sachs Group Inc., two of the most recognizable companies in tech and finance, are caught up in a growing debate over whether lenders unintentionally discriminate when ...

Tue 12 Nov 19 from TechXplore

Goldman will re-check Apple Card credit scores after sexism claims

The Apple Card has been under fire this week after accusations that the bank behind the program, Goldman Sachs, has been discriminatory against women in its provision of credit lines. ...

Tue 12 Nov 19 from Engadget

NY regulators investigating Apple Card after viral complaint of sexism

Customer service reportedly blamed "the algorithm" for discrepancies.

Mon 11 Nov 19 from Arstechnica

Steve Wozniak Points to Apple Card Gender Discrimination on Twitter, Regulators Investigating

This weekend, with astonishing speed, a viral Twitter thread prompted into a New York State investigation into alleged gender discrimination by the Apple Card and its banking partner Goldman ...

Mon 11 Nov 19 from Gizmodo


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