Economy - Finance > Credits

Apple Card Investigated After Gender Discrimination Complaints

6 monthes ago   |   By NY Times

A prominent software developer said on Twitter that the credit card was “sexist” against women applying for credit.
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‘Apple Card is sexist': Goldman Sachs faces probe after claims of gender biased credit limits

‘Apple Card is sexist': Goldman Sachs faces probe after claims of gender biased credit limits

6 monthes ago   |   By RT

A New York financial regulator launched an investigation into Goldman Sachs' credit card practices after Twitter users, including Apple co-founder Steve Wozniak, complained that Apple Card gives much lower credit limits to women.
The Wall Street bank behind Apple Card found itself in hot water after tech entrepreneur David Heinemeier Hansson lambasted the service's “black box algorithm” for giving him 20 times the credit limit that his wife got. The thread, which was started on Thursday, has gone viral since then, gaining more than 5,000 retweets.
Some users and couples said they found...
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Apple Card is facing a formal investigation by Wall Street regulators over gender discrimination allegations made in a viral tweet

Apple Card is facing a formal investigation by Wall Street regulators over gender discrimination allegations made in a viral tweet

6 monthes ago   |   By Business Insider

A viral tweet has prompted a formal investigation of the newly launched Apple Card for alleged gender discrimination in the way it sets and determines credit limits.
Web programmer and author David Heinemeier Hansson shared on Twitter that he was offered 20 times the credit limit of his wife, and when he confronted customer service representatives, they were dismissive of the issue.
In response, a Wall Street regulator is opening a probe into Goldman Sachs Group Inc.'s algorithmic practices around the Apple Card, Bloomberg reported .
Visit Business Insider's homepage for more stories.
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