Apple Card banking partner Goldman Sachs on Monday announced it will reevaluate credit lines for customers that had expected to see higher credit limits. The announcement comes in the wake of gender bias in the setting of credit lines.
Goldman Sachs Bank CEO Carey Halio in a statement posted to Twitter explained once again that the Apple Card application process, which is performed with the cooperation of a third-party, doesn’t factor in gender or other possible biases when making a final determination of credit worthiness.
— GS Bank Support (@gsbanksupport) November 11, 2019
“We have not and never will make decisions based on factors like gender,” Halio said. “In fact, we do not know your gender or marital status during the Apple Card application process.”
Halio tells Apple Card holders to reach out to Goldman Sachs if their credit line came in below expectations.
“If you believe that your credit line does not adequately reflect your credit history because you may be in a similar situation, we want to hear from you,” Halio said. “Based on additional information that we request, we will re-evaluate your credit line.”
Last week, in a series of tweets, Ruby on Rails creator David Heinemeier Hansson alleged that credit decisions for the Goldman Sachs-issued Apple Card were gender-biased against women, due to the huge disparity in his credit limit and that of his wife.
Apple co-founder Steve Wozniak reported seeing a similar disparity between his credit limit and that of his spouse.
On Saturday, the New York Department of Financial Services announced their intent to open an investigation into the matter.