Forget about the Fed front-running, the election rigging, and the literal nation-wrecking. No, the problem with Goldman is their Apple Card Gender Algorithm…
In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple Card for giving him 20 times the credit limit that his wife got, Bloomberg reported on Saturday. (https://bloom.bg/2X4IX2X)
Hansson, who is the creator of web-application framework Ruby on Rails, didn’t disclose any specific income-related information for himself or his wife but said they filed joint tax returns and that his wife had a better credit score, the report said.
New York’s Department of Financial Services confirmed that an investigation was being conducted.
Andrew Williams, a Goldman Sachs spokesman, declined to comment on whether Hansson had contacted Goldman regarding the concerns raised on Twitter because the bank does not discuss matters involving individual customers publicly.
The Apple Card, launched in August, is Goldman’s first credit card. The Wall Street investment bank has been offering more products to consumers, including personal loans and savings accounts through its Marcus online bank.
The Department of Financial Services “will be conducting an investigation to determine whether New York law was violated and ensure all consumers are treated equally regardless of sex,” a department spokeswoman told Reuters in a statement.
Now we need an investigation into that department spokeswoman for (correctly!!!) identifying “sex” as “sex,” rather than “gender.” Then, we’ll need to go after Reuters for assuming her gender with this “spokeswoman” business.