NY Investigation Into Alleged Apple Card Discrimination | The World

NEW YORK – A New York regulator investigates the Goldman Sachs group for possible sexual discrimination in the way it sets credit limits. The investment banking company denies that it has committed any fault.

The investigation arises after a series of tweets that were made viral by the entrepreneur and web programmer David Heinemeier Hansson on algorithms used for the Apple Card, which Goldman Sachs handles with Apple.

Hansson said the card offered him a credit limit 20 times higher than the one he gave his wife, even though she has a higher credit rating. The businessman cataloged the algorithm as a sexist program.


A spokeswoman for the New York Department of Financial Services confirmed Saturday that the agency will investigate the situation.

The agency said "worried about finding out about potential discriminatory treatment regarding credit limit decisions allegedly made by an Apple Card algorithm, issued by Goldman Sachs," Sophia Kim said. The spokeswoman added that the department "will conduct an investigation to determine if New York law has been violated and ensure th at all consumers are treated equally regardless of their gender."

Apple did not respond at the moment a request for comments on the matter. Goldman Sachs offered statements before the controversy.

"Our credit decisions are based on a solvency of the client and not on factors such as gender, race, age, sexual orientation or other criteria prohibited by law," said the spokesman for the investment banking group, Andrew Williams. He added that the bank cannot comment on decisions regarding individual clients.

In several tweets that usually receive thousands of “likes” and are frequently retweeted, Hansson did not reveal his income or that of his wife, but wrote that they have been married for a long time, have filed joint income statements and live in a marital property status. The employer tweeted that his claims when she receives a credit limit lower than his fall on deaf ears.

Apple introduced the Apple Card earlier this year in association with Goldman Sachs. A press release announcing the card described Goldman Sachs as "a beginner in consumer financial services" who was "creating a different credit card experience."