Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Tech
1-min read

Businessman Slams Apple Card for 'Sexist' Algorithm After It Gave Him 20 Times More Credit Than His Wife

According to a report, David Heinemeier Hansson, in a series of twitter posts starting on Thursday, railed against the Apple Card for giving him 20 times the credit limit that his wife got.

Reuters

Updated:November 10, 2019, 2:23 PM IST
facebookTwitter Pocket whatsapp
Businessman Slams Apple Card for 'Sexist' Algorithm After It Gave Him 20 Times More Credit Than His Wife
Representational Photo

Bengaluru: A probe into Goldman Sachs Group Inc's credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are used to determine credit limits.

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.

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.

"Any algorithm that intentionally or not results in discriminatory treatment of women or any other protected class violates New York law."

The iPhone maker says the card would be synched with iPhone users' Apple Wallet and could be used to buy Apple products at a discount.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results