A tech entrepreneur accused Goldman's Apple Credit Card algorithm of discriminating against women when determining credit card limits.
David Heinemeier Hansson condemned Apple Card in a series of Twitter posts for providing him a credit limit that is 20 times higher than his wife, even though the couple files joint tax returns and his wife has a higher credit score than him.
The New York Department of Financial Services is launching an investigation into Goldman Sachs' credit card practices after a tech entrepreneur accused the bank's Apple Credit Card algorithm of discriminating against women when determining credit card limits.condemned Apple Card for providing him a credit limit that is 20 times higher than his wife, even though the couple files joint tax returns and his wife has a higher credit score than him.
"The Department will be conducting an investigation to determine whether New York law was violated and ensure all consumers are treated equally regardless of sex."
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