The New York Department of Financial Services is looking into allegations of gender discrimination against users of the Apple Card, which is administered by Goldman Sachs.
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The allegations blew up on Twitter Saturday after tech entrepreneur David Heinmeier Hansson wrote that Apple Card offered him twenty times the credit limit as his wife, although they have shared assets and she has a higher credit score. Many other users voiced similar experiences — including Apple co-founder Steve Wozniak. Wozniak said his credit limit was 10 times that of his wife, despite the fact that they share all assets and accounts.
— Steve Wozniak November 10, 2019 Hansson wrote that after reaching out to Apple in an attempt to rectify the situation, he was told credit limits are determined by an algorithm.Read MoreThe situation throws a shadow over the Apple Card, which launched with much fanfare in August as a partnership between the tech giant's Apple Pay program and a new retail consumer-focused effort at Goldman Sachs .
"As with any other individual credit card, your application is evaluated independently," the company said in a statement to CNN Business."We look at an individual's income and an individual's creditworthiness, which includes factors like personal credit scores, how much debt you have, and how that debt has been managed. Based on these factors, it is possible for two family members to receive significantly different credit decisions.
— DHH November 8, 2019 Wozniak, who co-founded Apple with Steve Jobs and continues to work for the company, said on Twitter he and his wife had a similar experience with the Apple Card. Though they share all of their assets and accounts, he was offered ten times the credit limit of his wife."Some say the blame is on Goldman Sachs but the way Apple is attached, they should share responsibility," Wozniak said.
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