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Apple Card Controversy Nipped In Bud As Goldman Approves Household Use

Apple Card Controversy Nipped In Bud As Goldman Approves Household Use

4 years ago
Anonymous $xdcOWPpsb_

https://wccftech.com/apple-card-goldman-sachs-approve/

Cupertino tech giant Apple's Apple Card became the center of controversy over the weekend after several users claimed that the algorithm used by Goldman Sachs (NYSE:GS) to determine credit limits was gender-biased. The claims resulted in New York's Department of Financial Services opening an investigation into the bank's credit card policies.

A day after the investigation commenced, Goldman took to detailing the various factors used by the bank to evaluate a customer's credit limit. These factors include income, credit scores, debt levels and financial acuity. Goldman also stated that it would soon enable family users to share the Apple Card. Well, the bank has followed through with the promise three days after making the announcement. Take a look below for more details.