The Apple Card doesn’t actually discriminate against women, investigators say
Goldman Sachs’ credit card policies were called into question when Basecamp designer David Heinemeier Hansson and Apple co-founder Steve Wozniak claimed that their female partners received lower Apple Card credit limits simply for being women. But a recently concluded New York State Department of Financial Services investigation has found Apple’s banking partner did not discriminate based on sex (via Bloomberg).
NYSDFS investigators conducted a statistical analysis of almost 400,000 New York applicants that showed that the models and algorithms Goldman Sachs uses to filter applicants “did not consider prohibited characteristics of applicants and would not produce disparate impacts”. The regulator also stressed that the idea that spouses…