Finance

Wall Street regulator probes Goldman over allegations of sexist credit decisions at Apple Card

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A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange.

Brendan McDermid | Reuters

The New York Department of Financial Services is launching an investigation into Goldman Sachs’ credit card practices after a tech entrepreneur accused the bank’s Apple Credit Card algorithm of discriminating against women when determining credit card limits.

David Heinemeier Hansson condemned Apple Card for providing him a credit limit that is 20 times higher than his wife, even though the couple files joint tax returns and his wife has a higher credit score than him.

Even when Hansson’s wife paid off her low credit limit in full, the card wouldn’t approve her…



Source cnbc.com

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