Uber CEO Dara Khosrowshahi is facing harsh criticism after he defended the Saudi government, one of the largest investors in Uber, on a TV news show that aired Sunday night. Khosrowshahi was asked about the 2018 murder and dismemberment of Washington Post journalist Jamal Khashoggi, which the CIA believes was ordered…
Apple's AirPods 2 with Wireless Charging Case have dropped to an all-time low price of $159.99. That's 20% off their list price of $199.
I responded, announcing that the New York State Department of Financial Services (DFS) would examine whether the algorithm used to make these credit limit decisions violates state laws that prohibit discrimination on the basis of sex. For the rest of the day, numerous Twitter users responded to David’s initial tweet, including Apple co-founder Steve Wozniak (who indicated his credit limit is ten times higher than that of his wife), describing similar instances where men received higher credit limits than women. Confounding this is the “black box” problem, in which consumers have little visibility into how a decision is made or why they have been rejected.Goldman Sachs today responded to the controversy, maintaining that "factors like gender" are never used in credit decisions and explaining how members of a family could receive very different credit decisions. The statement did not, however, directly address Hansson's situation, which is understandable given financial privacy issues.
New York law prohibits discrimination against protected classes of individuals, which means an algorithm, as with any other method of determining creditworthiness, cannot result in disparate treatment for individuals based on age, creed, race, color, sex, sexual orientation, national origin, or other protected characteristics.
With Apple Card, your account is individual to you; your credit line is yours and you establish your own direct credit history. Customers do not share a credit line under the account of a family member or another person by getting a supplemental card.Goldman Sachs also noted that it is "looking to enable" the ability for users to share Apple Cards with other members of their families, although the company did not specify when that might occur.
As with any other individual credit card, your application is evaluated independently. We look at an individual's income and an individual's creditworthiness, which includes factors like personal credit scores, how much debt you have, and how that debt has been managed. Based on these factors, it is possible for two family members to receive significantly different credit decisions.
In all cases, we have not and will not make decisions based on factors like gender.
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