Goldman Sachs: no, our Apple Card credit line approvals are not 'sexist'
Hey, whaddaya know, Apple’s credit card approval process can also be deemed sexist and misogynistic! In a trial-by-Twitter push since Thursday, ‘family man’ and Ruby on Rails creator David Heinemeier Hansson railed against the fact that he got 20 times the credit limit on the Apple Card that his wife got, even though they share the same assets.
Since the credit card approval process is managed by Goldman Sachs, the resulting viral tweet brouhaha that somehow got Apple’s co-founder Steve Wozniak involved with the “I got 10x the credit limit” contribution as well, was taken to the attention of a Wall Street regulator.
In short, nothing out of the ordinary for an individual credit card approval process, which, of course, doesn’t mean that there isn’t a problem and an inherent bias against women applicants in the algorithms.
Needless to say, Mr Hansson’s wife credit line got jacked up immediately after the thread went viral, and it remains to be seen if Goldman Sachs, whose partnership on the Apple Card is its first foray into consumer financing, will amend its algorithm as well.