Apple credit card under probe over claims of gender bias in offering credit limits

PHOTO: Courtesy Apple credit card

Apple credit card is under investigations over claims of offering different credit limits for men and women.

According to a report by BBC, the New York’s department of Financial Services(DFS) has launched investigations over the claims since such violates the NewYork law.

One of the complaints came from Apples co-founder Steve Wozniak- that algorithms used to set limits might be essentially biased against women.

The report further states that tech entrepreneur David Heinemeier Hansson had complained that the apple card gave him 20 times the credit limit that his wife got. He further said that this was despite his wife having better credit score.

Hanson also tweeted saying that apple card is a sexist program.

 “Apple Card is a sexist program. It does not matter what the intent of individual Apple reps are, it matters what THE ALGORITHM they’ve placed their complete faith in does. And what it does is discriminate.” Hanson tweeted.

DFS has assured that it will get to the bottom of the issues to establish whether New York law was violated and to ensure all customers 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.” It stated

The Apple Card was launched in August and is Goldman’s first credit card which is mostly advertised on its website.

READ  Boeing blamed for 737 crashes

LEAVE A REPLY

Please enter your comment!
Please enter your name here