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Sun Nov 10, 2019, 04:10 AM

Apple Card issuer investigated after claims of sexist credit checks

https://www.theguardian.com/technology/2019/nov/10/apple-card-issuer-investigated-after-claims-of-sexist-credit-checks

Apple Card issuer investigated after claims of sexist credit checks

Goldman Sachs faces official inquiry as IT figures including Steve Wozniak say they got 10 times or more the credit limit received by their wives

Reuters

Sun 10 Nov 2019 03.01 GMT

The algorithm used to set credit limits for the new Apple Card will be the subject of an official investigation, following tweets from a tech entrepreneur blasting the company for gender discrimination.

New York’s Department of Financial Services has initiated the probe into the credit card practices of Goldman Sachs, which provides the Apple Card. In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple Card for giving him 20 times the credit limit that his wife got, Bloomberg reported on Saturday.

Hansson, who is the creator of web-application framework Ruby on Rails, didn’t disclose any specific income-related information for himself or his wife but said they filed joint tax returns and that his wife had a better credit score, the report said.

The tweets sparked a series of replies from people who had the same experience, including Apple co-founder Steve Wozniak.

New York’s Department of Financial Services confirmed that an investigation was being conducted.
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