Later last week, an investigation was launched into the leading US lender Goldman Sachs Inc.’s credit card practices following tweets from an alleged gender discrimination on new Apple Inc.’s card algorithm, which determines the credit limit of a user.
In point of fact, at a series of Twitter post started from Thursday, the 7th of November 2019, David Heinemeier Hansson, a Danish programmer and the creator of popular Ruby on Rails web development network, complained against the Apple Card algorithm in tweeter for providing his wife 20 times less than what he had received, a Bloomberg reptor published on Saturday (November 9th) had unveiled the issue.
Aside from that, according to the report, Hansson told in a tweet that he and his wife had filed joint tax returns, while his wife had a better credit score, however, Hansson did not post any specific earning-related information for himself or his wife.
In point of fact, latest report regarding Apple Inc.’s gender discrimination in Apple Card, came forth just three months after US lender Goldman Sachs had launched the card. Besides, the Apple Card had also been the Goldman Sachs’s first payment card.
Meanwhile, following reveal of the news, a US department of Financial Service spokesman said in a statement later last week, “Department of Financial Services “will be conducting an investigation to determine whether New York law was violated and ensure all consumers are treated equally regardless of sex.
Any algorithm that intentionally or not results in discriminatory treatment of women or any other protected class violates New York law. ”