Apple co-founder says Apple Card algorithm gave wife lower credit limit
Scrutiny of the newly launched Apple Card was intensified by Apple Inc. co-founder Steve Wozniak’s remarks on the accusations of gender discrimination in the algorithm behind Apple Cards. Thursday marked the beginning of gender discrimination accusations when entrepreneur David Hansson claimed that he had received 20 times the credit limit of his wife. Goldman Sachs partnered with Apple on the project and stated that while it is possible for two family members to receive different credit score decisions, they continue to operate on a policy that is firmly against gender discrimination.
This past Saturday, Wozniak claimed although he and his wife have no separate assets of credit accounts, he had received 10 times more credit on the card. Following the ongoing online debate over potential gender discrimination, New York’s Department of Financial Services stated it was commencing an investigation into Goldman Sach’s credit card practices.