Apple Card Under Investigation
Apple and Goldman Sachs came under fire, earlier this week, from multiple clients of the Apple card.
It all started with David Heinemeier Hansson, the Danish tech entrepreneur, writing a rather explicit serious of tweets, after he discovered that he was approved for twenty times the credit limit, as his wife, despite the couple filing joint tax statements.
That prompted other tweets from the users of the Apple card, stating similar observations and experiences.
In an unexpected twist of events, Apple’s Co-Founder Steve Wozniak also reported a similar situation in his family, stating that he “got 10x the credit limit” of his spouse.
Apple quickly reacted trying to prevent the storm that followed, by increasing Hansson’s wife’s limit to match her husband’s, but it was too late.
The New York State Department of Financial Services announced over the weekend, that it launched an investigation into practices behind Apple's card, to determine whether or not the algorithm has built-in discrimination based on sex, which is prohibited by the state law in New York.
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