New York investigates claims of gender bias in Apple Card algorithms

Apple's new credit card is allegedly loaded with original sin.
The New York Department of Financial Services is investigating allegations that the new Apple Card's algorithms discriminate against women in setting credit limits. The investigation began after high-profile men reported earning credit limits far higher than women's, with evidence even coming from Apple's co-founder, Reuters reports.
Entrepreneur David Heinemeier Hansson criticized the Apple Card in a series of tweets starting Thursday, saying it gave him a credit limit 20 times higher than his wife's even though she has a better credit score. Later, Apple co-founder Steve Wozniak said he got 10 times more credit on the card than his wife, but they have "no separate bank or credit card accounts or any separate assets."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Apple did not immediately respond Sunday to Reuters' request for comment. Apple teamed up to launch the card with Goldman Sachs, which is responsible for credit decisions. Goldman said its decisions were based on creditworthiness, not factors such as gender or race.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Nationalist wins tight Polish presidential election
speed read Karol Nawrocki beat Rafal Trzaskowski in Poland's presidential runoff election
-
Assailant burns Jewish pedestrians in Boulder
speed read Eight people from the Jewish group were hospitalized after a man threw Molotov cocktails in a 'targeted act of violence'
-
'The pattern is similar across America'
Instant Opinion Opinion, comment and editorials of the day
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect