Investigation Launched Into Goldman Sachs After David Heinemeier Hansson Tweets About Discrepancies in Apple Card Credit Limit Between Himself and His Wife

David Heinemeier Hansson:

The [Apple Card] is such a fucking sexist program. My wife and I filed joint tax returns, live in a community-property state, and have been married for a long time. Yet Apple’s black box algorithm thinks I deserve 20x the credit limit she does. No appeals work.

Sridhar Natarajan and Shahien Nasiripour, Bloomberg:

A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s algorithms when determining credit limits.


“The department will be conducting an investigation to determine whether New York law was violated and ensure all consumers are treated equally regardless of sex,” said a spokesman for Linda Lacewell, the superintendent of the New York Department of Financial Services. “Any algorithm, that intentionally or not results in discriminatory treatment of women or any other protected class of people violates New York law.”

As Maciej Cegłowski put it in 2016, “machine learning is like money laundering for bias”. Goldman Sachs’ algorithm may be the culprit here, but Apple’s logo is on the card.

Update: Goldman Sachs has issued a statement.