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

“(Reuters) – Apple Inc co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination by the algorithm behind the iPhone maker’s credit card, fuelling scrutiny of the newly launched Apple Card” writes Midwest Communications Inc for 95kqds.com. New York’s Department of Financial Services said it was beginning an inquiry into Goldman Sachs’ credit card practices.The criticism started on Thursday, after entrepreneur David Heinemeier Hansson railed against the Apple Card in a series of Twitter posts, saying it gave him 20 times the credit limit his wife received.”We have no separate bank or credit card accounts or any separate assets,” Wozniak said on Twitter, in reply to Hansson’s original tweet.”We know the question of discrimination in algorithmic decisioning also extends to other areas of financial services.”.
 
Source: 95kqds.com



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