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…