Apple, Credit Card, Steve Wozniak, Technology & Computing

Apple, Credit Card

Apple co-founder says Apple Card algorithm gave wife lower credit limit

Apple co-founder says Apple Card algorithm gave wife lower credit limit

11.11.2019

Apple co-founder says Apple Card algorithm gave wife lower credit limit

Apple Inc co-founder Steve Wozniak joined in the online debate accusing the algorithm behind the iPhone maker's credit card of discriminating by ...

Share via E-Mail Bookmark REUTERS: Apple Inc co-founder Steve Wozniak joined in the online debate accusing the algorithm behind the iPhone maker's credit card of discriminating by gender, deepening the scrutiny surrounding the newly launched Apple Card. The criticism started on Thursday, after entrepreneur David Heinemeier Hansson railed against the Apple Card in a series of tweets, saying it gave him 20 times the credit limit that his wife received. Advertisement Advertisement Hansson, who is the creator of web-application framework Ruby on Rails, did not disclose any specific income-related information for himself or his wife but tweeted that they filed joint tax returns and that his wife had a better credit score. On Saturday, Wozniak chimed in, suggesting that a similar thing happened to him as he got 10 times more credit on this Apple Card compared with his wife. "We have no separate bank or credit card accounts or any separate assets. Hard to get to a human for a correction though. It's big tech in 2019," Wozniak tweeted in reply to Hansson's original tweet. New York's Department of Financial Services said it is opening a probe into Goldman Sachs credit card practices. Advertisement Advertisement "New York law prohibits discrimination against protected classes of individuals, which means an algorithm, as with any other method of determining creditworthiness, cannot result in disparate treatment for individuals based on age, creed, race, color, sex, sexual orientation, national origin, or other protected characteristics," Linda Lacewell, the superintendent of the New York State Department of Financial Services, wrote in a blog post. (http://bit.ly/2Ny1TUA) "We know the question of discrimination in algorithmic decisioning also extends to other areas of financial services," Lacewell added. Apple partnered with Goldman Sachs Group Inc to launch the much anticipated titanium credit card in August. Apple and Goldman Sachs were not immediately available to comment. Channel NewsAsia - Sentifi topic widget (Reporting by Subrat Patnaik in Bengaluru. Editing by Gerry Doyle) Source: Reuters Read more: CNA

Goldman Sachs faces probe over alleged Apple Card gender discriminationNEW YORK (BLOOMBERG) - A Wall Street regulator is opening a probe into Goldman Sachs Group's credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card's algorithms when determining credit limits.. Read more at straitstimes.com. It is BS. My spouse and I have similar incomes and credit ratings. We got the same limit

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweetsA probe into Goldman Sachs Group Inc's credit card practices has been initiated after tweets from a tech entrepreneur alleged gender ...

125 needy households get $200 shopping credits each, thanks to donation initiative for PAssion card membersSINGAPORE - A total of 125 needy households were given $200 shopping credits each to shop at the Giant Hypermart in Tampines on Saturday (Nov 9).. Read more at straitstimes.com.

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweetsA probe into Goldman Sachs Group Inc's credit card practices has been initiated after tweets from a tech entrepreneur alleged gender ...

Goldman Sachs faces probe over alleged Apple Card gender discriminationNEW YORK (BLOOMBERG) - A Wall Street regulator is opening a probe into Goldman Sachs Group's credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card's algorithms when determining credit limits.. Read more at straitstimes.com. It is BS. My spouse and I have similar incomes and credit ratings. We got the same limit

This mother-of-three wants to improve early childhood education in SingaporeElaine Kim, co-founder of Trehaus, shares more about how her family values influenced her career and the decision to start a social enterprise.



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