The New York Department of Financial Services is looking into allegations of gender discrimination against users of the Apple Card, which is administered by Goldman Sachs.
New York
The allegations blew up on Twitter Saturday after tech entrepreneur David Heinmeier Hansson wrote that Apple Card offered him twenty times the credit limit as his wife, although they have shared assets and she has a higher credit score. Many other users voiced similar experiences — including Apple co-founder Steve Wozniak. Wozniak said his credit limit was 10 times that of his wife, despite the fact that they share all assets and accounts.
— Steve Wozniak November 10, 2019 Hansson wrote that after reaching out to Apple in an attempt to rectify the situation, he was told credit limits are determined by an algorithm.Read MoreThe situation throws a shadow over the Apple Card, which launched with much fanfare in August as a partnership between the tech giant's Apple Pay program and a new retail consumer-focused effort at Goldman Sachs .
"As with any other individual credit card, your application is evaluated independently," the company said in a statement to CNN Business."We look at an individual's income and an individual's creditworthiness, which includes factors like personal credit scores, how much debt you have, and how that debt has been managed. Based on these factors, it is possible for two family members to receive significantly different credit decisions.
— DHH November 8, 2019 Wozniak, who co-founded Apple with Steve Jobs and continues to work for the company, said on Twitter he and his wife had a similar experience with the Apple Card. Though they share all of their assets and accounts, he was offered ten times the credit limit of his wife."Some say the blame is on Goldman Sachs but the way Apple is attached, they should share responsibility," Wozniak said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple cofounder Steve Wozniak says Apple Card offered his wife a lower credit limitSteve Wozniak weighed in on a viral Twitter thread accusing Apple's credit card of systematically issuing women with lower credit limits.
Consulte Mais informação »
Apple co-founder says Apple Card algorithm gave wife lower credit limitApple Inc co-founder Steve Wozniak joined in the online debate accusing the algo...
Consulte Mais informação »
Goldman faces probe after entrepreneur slams Apple Card algorithm in tweetsA probe into Goldman Sachs Group Inc's credit card practices has been initi...
Consulte Mais informação »
NY regulator vows to investigate Apple Card for sex biasNEW YORK (AP) — A New York regulator is investigating Goldman Sachs for possible sex discrimination in the way it sets credit limits. The bank denies wrongdoing. The investigation follows a...
Consulte Mais informação »
Goldman faces probe after entrepreneur slams Apple Card algorithm in tweetsA probe into Goldman Sachs Group Inc's credit card practices has been initi...
Consulte Mais informação »