Nov 10, 2019

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. 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. Mr Hansson said in a tweet: "Apple Card is a sexist program. It does not matter what the intent of individual Apple reps are, it matters what THE ALGORITHM they've placed their complete faith in does. And what it does is discriminate." The Apple Card, launched in August, is Goldman's first credit card. The iPhone maker markets Apple Card on its website as a "New kind of credit card, created by Apple, not a bank".

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