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Apple Card Algorithm Sparks Gender Bias Allegations Against Goldman Sachs

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The Apple Card.

An allegation of gender discrimination in the Apple Card algorithm has spurred an investigation into the credit card practices of Apple Card partner Goldman Sachs.

Credit: Apple

Danish software developer David Heinemeier Hansson cited apparent gender discrimination in the Apple Card algorithm, spurring an investigation into Apple Card partner Goldman Sachs' credit card practices.

Hansson tweeted that his wife was refused a credit line increase for the Apple Card, despite having a higher credit score than him, prompting the superintendent of New York's State Department of Financial Services (DFS) to launch a probe into the matter.

DFS superintendent Linda Lacewell said, "DFS wants to work with the tech community to make sure consumers nationwide can have confidence that the algorithms that increasingly impact their ability to access financial services do not discriminate and instead treat all individuals equally and fairly."

From The Washington Post
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Abstracts Copyright © 2019 SmithBucklin, Washington, DC, USA


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