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 ...

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.

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.

New York's Department of Financial Services said it is opening a probe into Goldman Sachs credit card practices.

"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)

Apple and Goldman Sachs were not immediately available to comment.

Read more: CNA

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