Apple co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination by the algorithm behind the iPhone maker's credit card, fuelling scrutiny of the newly launched Apple Card. A Goldman Sachs spokesperson said that the application of every individual is evaluated independently and it is based on factors like personal credit scores, debt history, and more.
Linda A. Lacewell, the Superintendent of New York State Department of Financial Services has written a Medium post about the issue and why Apple and Goldman Sachs will be investigated for this.
After speaking to customer service across Apple and Goldman Sachs and going through higher levels of management, Goldman did up Hansson's wife's credit limit to match his own, but no one was able to explain exactly why there was originally such a difference in their approvals, other than to say it might have something to do with "the algorithm".
But interestingly Hansson's wife immediately had her credit limit adjusted after the tweets went viral, suggesting there is room for change given the right PR disaster.
Whistleblower Q&A Offer Still Awaiting An Official 'No' From Republicans
Democrats have wide discretion over who appears as a witness in these proceedings. "Talk about impeachment has been immature", he said.
Porsche launches into second story of New Jersey building, killing 2
A crowd of about two dozen people gathered at the scene to watch as firefighters pulled the vehicle from the building. The vehicle hit a center median, went airborne across lanes of traffic and crashed into a commercial building.
Solid Djokovic breezes through opener, Tennis News & Top Stories
"I understand why there is so much support for Roger", said Djokovic of the 20-time Grand Slam champion. He'll probably have to win both in order to reach the semifinals.
The card is not yet available in Ireland. "Any algorithm, that intentionally or not results in discriminatory treatment of women or any other protected class of people violates NY law". The department opened a probe against healthcare giant UnitedHealth Group after a study found an algorithm favoured white patients over black patients.
The inventor of Apple's first computers said he had been offered ten times the credit limit of his wife Janet Hill despite the fact that the couple had "no separate bank or credit card accounts or any separate assets". "My belief isn't that there was some nefarious person wanting to discriminate". Elizabeth Warren, D-Mass., who is running for the Democratic nomination to challenge President Donald Trump in the 2020 election, told federal regulators in June that the government "will have to take action to ensure that anti-discrimination laws keep up with innovation".
On Saturday, Mr. Wozniak chimed in with a similar experience, saying he got 10 times more credit on the card, compared with his wife. Meanwhile, technology companies are moving in on the financial services industry's turf, with businesses such as Amazon, Apple, Facebook and Google threatening banks' lucrative business lines by offering loans and payment options. The card was rolled out earlier this year.
It appears that Hansson and his wife were not the only ones facing the issue.