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Apple's 'sexist' credit card investigated by US regulator

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Apple's 'sexist' credit card investigated by US regulator

A US financial regulator has opened an investigation into claims Apple's credit card offered different credit limits for men and women.

It follows complaints - including from Apple's co-founder Steve Wozniak - that algorithms used to set limits might be inherently biased against women.

New York's Department of Financial Services (DFS) has contacted Goldman Sachs bank, which runs the Apple Card.

Any discrimination, intentional or not, "violates New York law", the DFS said.

The Bloomberg news agency reported on Saturday that tech entrepreneur David Heinemeier Hansson had complained that the Apple Card gave him 20 times the credit limit that his wife got.

In a tweet, Mr Hansson said the disparity was despite his wife having a better credit score.

Later, Mr Wozniak, who founded Apple with Steve Jobs, tweeted that the same thing happened to him and his wife despite their having no separate bank accounts or separate assets.

Date
2019.11.10 / 21:16
Author
Axar.az
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