Apple Card controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

2019
Goldman Sachs responds to Apple Card discrimination allegations
Company response
Goldman Sachs responded to allegations that men received higher Apple Card credit limits than their wives. According to the report, the bank said applicants are evaluated independently using factors including income, creditworthiness, credit scores, and debt. The report describes the allegations but does not establish that discrimination occurred.
After allegations that men received higher Apple Card credit limits than their wives, Goldman Sachs said applicants are evaluated independently using income, creditworthiness, credit scores, debt, and other factors. The allegations are reported; the article does not establish that discrimination occurred.
Company response
- Clarification — Goldman Sachs
  Goldman said Apple Card applicants are evaluated independently, using income, creditworthiness and other factors including personal credit scores and personal debt.
Source excerpt
- Goldman Sachs is responding following some high profile allegations concerning gender discrimination involving the Apple Card.
- Goldman said Apple Card applicants are evaluated independently, using income, creditworthiness and other factors including personal credit scores and personal debt.
- Both Apple co-founder Steve Wozniak and entrepreneur and web developer David Heinemeier Hansson made the allegations saying they each were allowed credit limits that were many times larger than those given to their wives.
Source
2019
New York regulator announces investigation into Goldman Sachs’ credit card business
Investigation
A spokesperson for the New York Department of Financial Services said the regulator would investigate Goldman Sachs’ credit card business to determine whether its credit-limit decisions violated state law. The announcement followed an allegation by David Heinemeier Hansson that the Apple Card algorithm gave him a much higher credit limit than his wife despite her higher credit score.
Stated objective. Determine whether the credit-limit decisions violated New York law and ensure consumers receive equal treatment regardless of gender.
Source excerpt
- “我们将展开调查，以确定这是否违反了纽约州的法律，并确保所有消费者能不分性别得到平等对待，”纽约金融服务管理局（New York department of Financial Services）局长Linda Lacewell的发言人说
- Hansson没有透露两人任何具体的收入相关信息，但表示他们共同提交了纳税申报单，而且他妻子的信用评分更高。
- 华尔街监管机构将对高盛集团（Goldman Sachs Group Inc．）的信用卡业务展开调查，此前一位科技业企业家称在确定信用卡额度时，Apple Card的算法存在性别歧视。
Source
2019
New York regulator announces investigation into Apple Card credit limits
Investigation
In November 2019, a spokesperson for the New York Department of Financial Services said the regulator would investigate whether Apple Card credit limits violated New York law and would ensure that consumers were treated equally regardless of gender. The statement, reported by Sina Finance, did not identify any specific individuals, allege any particular outcome, or specify a timeline for the inquiry. The announcement framed the review around compliance with state law and equal treatment of consumers.
Stated objective. Determine whether the practice violated New York law and ensure equal treatment of consumers regardless of gender.
Source excerpt
- “我们将展开调查，以确定这是否违反了纽约州的法律，并确保所有消费者能不分性别得到平等对待，”纽约金融服务管理局（New York department of Financial Services）局长Linda Lacewell的发言人说，“任何有意或无意导致歧视妇女或其他受保护阶层的算法都违反了纽约法律。”
- 纽约金融服务部负责人Linda Lacewell告诉彭博社：“该部门将进行调查，以确定是否违反了纽约法律，并确保所有消费者（无论性别如何）都受到平等对待。任何有意或无意导致对女性或任何其他受保护阶层的歧视性待遇的算法都违反了纽约法律。”
- David Heinemeier Hansson批评Apple Card给予他的信用额度比其妻子高20倍。
Source

Goldman Sachs responds to Apple Card discrimination allegations

Company response

Goldman Sachs responded to allegations that men received higher Apple Card credit limits than their wives. According to the report, the bank said applicants are evaluated independently using factors including income, creditworthiness, credit scores, and debt. The report describes the allegations but does not establish that discrimination occurred.

After allegations that men received higher Apple Card credit limits than their wives, Goldman Sachs said applicants are evaluated independently using income, creditworthiness, credit scores, debt, and other factors. The allegations are reported; the article does not establish that discrimination occurred.

Company response

Clarification — Goldman Sachs
Goldman said Apple Card applicants are evaluated independently, using income, creditworthiness and other factors including personal credit scores and personal debt.

Source excerpt

Goldman Sachs is responding following some high profile allegations concerning gender discrimination involving the Apple Card.
Goldman said Apple Card applicants are evaluated independently, using income, creditworthiness and other factors including personal credit scores and personal debt.
Both Apple co-founder Steve Wozniak and entrepreneur and web developer David Heinemeier Hansson made the allegations saying they each were allowed credit limits that were many times larger than those given to their wives.

New York regulator announces investigation into Goldman Sachs’ credit card business

Investigation

A spokesperson for the New York Department of Financial Services said the regulator would investigate Goldman Sachs’ credit card business to determine whether its credit-limit decisions violated state law. The announcement followed an allegation by David Heinemeier Hansson that the Apple Card algorithm gave him a much higher credit limit than his wife despite her higher credit score.

Stated objective. Determine whether the credit-limit decisions violated New York law and ensure consumers receive equal treatment regardless of gender.

Source excerpt

“我们将展开调查，以确定这是否违反了纽约州的法律，并确保所有消费者能不分性别得到平等对待，”纽约金融服务管理局（New York department of Financial Services）局长Linda Lacewell的发言人说
Hansson没有透露两人任何具体的收入相关信息，但表示他们共同提交了纳税申报单，而且他妻子的信用评分更高。
华尔街监管机构将对高盛集团（Goldman Sachs Group Inc．）的信用卡业务展开调查，此前一位科技业企业家称在确定信用卡额度时，Apple Card的算法存在性别歧视。

New York regulator announces investigation into Apple Card credit limits

Investigation

In November 2019, a spokesperson for the New York Department of Financial Services said the regulator would investigate whether Apple Card credit limits violated New York law and would ensure that consumers were treated equally regardless of gender. The statement, reported by Sina Finance, did not identify any specific individuals, allege any particular outcome, or specify a timeline for the inquiry. The announcement framed the review around compliance with state law and equal treatment of consumers.

Stated objective. Determine whether the practice violated New York law and ensure equal treatment of consumers regardless of gender.

Source excerpt

“我们将展开调查，以确定这是否违反了纽约州的法律，并确保所有消费者能不分性别得到平等对待，”纽约金融服务管理局（New York department of Financial Services）局长Linda Lacewell的发言人说，“任何有意或无意导致歧视妇女或其他受保护阶层的算法都违反了纽约法律。”
纽约金融服务部负责人Linda Lacewell告诉彭博社：“该部门将进行调查，以确定是否违反了纽约法律，并确保所有消费者（无论性别如何）都受到平等对待。任何有意或无意导致对女性或任何其他受保护阶层的歧视性待遇的算法都违反了纽约法律。”
David Heinemeier Hansson批评Apple Card给予他的信用额度比其妻子高20倍。