NY Regulator Vows to Investigate Apple Card for Sex Bias - NBC New York

NY Regulator Vows to Investigate Apple Card for Sex Bias

Web developer David Heinemeier Hansson claims the Apple Card, which Goldman Sachs manages, offered him a higher credit limit than his wife

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    In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange.

    What to Know

    • A New York regulator is investigating Goldman Sachs for possible sex discrimination in the way it sets credit limits

    • Web developer David Heinemeier Hansson claims the Apple Card, which Goldman Sachs manages, offered him a higher credit limit than his wife

    • A spokeswoman for the New York Department of Financial Services confirmed that the agency will investigate the incident

    A New York regulator is investigating Goldman Sachs for possible sex discrimination in the way it sets credit limits.

    The investigation follows a series of viral tweets by entrepreneur and web developer David Heinemeier Hansson about algorithms used for the Apple Card, which Goldman Sachs manages in partnership with Apple.

    Hansson said the card offered him a credit limit 20 times greater than it gave to his wife, even though she has a higher credit score. He called the algorithm a sexist program.

    A spokeswoman for the New York Department of Financial Services confirmed Saturday that the agency will investigate "and ensure all consumers are treated equally regardless of sex."

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