Regulator to investigate Apple Card’s ‘sexist’ discrimination in credit limits
New York’s Department of Financial Services has initiated the probe into the credit card practices of Goldman Sachs, which provides the Apple Card. In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple Card for giving him 20 times the credit limit that his wife got, Bloomberg reported on Saturday.
The algorithm used to set credit limits for the new Apple Card will be the subject of an official investigation, following tweets from a tech entrepreneur blasting the company for gender discrimination, The Guardian reports.
Hansson, who is the creator of web-application framework Ruby on Rails, didn’t disclose any specific income-related information for himself or his wife but said they filed joint tax returns and that his wife had a better credit score, the report said.