• Home
  • News
  • Presidential Candidate Elizabeth Warren & Other Senators Pile on Goldman Sachs Over Alleged Apple Card Gender Bias

Presidential Candidate Elizabeth Warren & Other Senators Pile on Goldman Sachs Over Alleged Apple Card Gender Bias

Presidential Candidate Elizabeth Warren & Other Senators Pile on Goldman Sachs Over Alleged Apple Card Gender Bias

The hits just keep on coming for Goldman Sachs as Democratic senator and U.S. Presidential candidate Elizabeth Warren on Wednesday said that the Apple Card “sexist” algorithm should be withdrawn if the claimed credit limit bias cannot be explained.

Sen. Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee, also sent one across Goldman Sachs’ bow, as he announced he is investigating the recent Apple Card bias claims.

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.

“We have not and never will make decisions based on factors like gender,” Goldman Sachs Bank CEO Carey Halio said in statement on Monday. “In fact, we do not know your gender or marital status during the Apple Card application process.”

Halio told Apple Card holders to reach out to Goldman Sachs if their credit line came in below their 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.”

Goldman’s actions aren’t enough, said Warren during an interview in an interview with Bloomberg.

“Yeah, great. So let’s just tell every woman in America, You might have been discriminated against, on an unknown algorithm, it’s on you to telephone Goldman Sachs and tell them to straighten it out,'” Warren said. “Sorry guys, that’s not how it works.”

Warren is just the latest official to voice concerns over the computer algorithms used by companies like Goldman Sachs, some of which might be producing biased results. Warren said Goldman should share information on how its algorithm was designed, and how it affects applicants.

“We’re all beginning to understand better that algorithms are only as good as the data that gets packed into them,” Warren said. “And if a lot of discriminatory data gets packed in, in other words, if that’s how the world works, and the algorithm is doing nothing but sucking out information about how the world works, then the discrimination is perpetuated.”

The Bloomberg report says Goldman has said it will introduce a new feature that allows members of a household to share an Apple Card credit line. Although that feature is a commonly included capability among competing cards, Apple Card doesn’t currently support it.

Warren has a history of speaking out against Apple and its services, accusing the Cupertino firm in the past of attempting to “Snuff out competition” and has called for the breakup of Apple and other tech firms. She has said that Apple should not be allowed to run the App Store or offer its own apps.

  1. A person essentially lend a hand to make severely posts I would state.
    That is the very first time I frequented your web page and thus far?
    I amazed with the analysis you made to make this actual post amazing.
    Wonderful job!

  2. tinyurl.com says:

    Amazing things here. I’m very glad to look your post.
    Thank you so much and I am having a look ahead to contact you.

    Will you please drop me a e-mail?

  3. bitly.com says:

    Do you mind if I quote a few of your articles as long as I provide
    credit and sources back to your blog? My blog site is in the exact same niche as yours and my visitors would truly benefit from some of the information you provide
    here. Please let me know if this alright with you.

  4. j.mp says:

    What’s up, I wish for to subscribe for this web site to obtain newest updates, therefore where can i do
    it please help.

  5. 90449 483407There exist a couple of many different distinct levels among the California Weight loss program and each and every a person is pretty critical. Youre procedure stands out as the the actual giving up with all of the power. weight loss 334341

  6. 929540 811955hi was just seeing in case you minded a comment. i like your internet site and the thme you picked is awesome. I will be back. 259786

  7. zakazanedbl says:

    59851 214045Hi there! I just wish to give an enormous thumbs up for the nice information youve appropriate here on this post. I shall be coming again to your blog for extra soon. 478174

  8. 934535 703920Great paintings! This is the kind of info that ought to be shared around the internet. Disgrace on Google for now not positioning this publish upper! Come on more than and talk more than with my site . Thanks =) 184960

  9. 991989 777425What a exceptional viewpoint, nonetheless is just not produce every sence by any indicates discussing this mather. Just about any technique thanks and also i had try and discuss your post directly into delicius but it surely appears to be an issue inside your blogging is it possible you ought to recheck this. thank you just as before. 271473

  10. 貧 乳 ラブドール Finding eco-friendly WMDoll is no longer a difficult task All good companies use high quality materials to create realistic sex dolls. The answer is that you can get high

  11. bbw sex doll says:

    sex doll Prepare for Isolate – Purchase Your Sex Doll Now The Extreme Sexual Preparing Aide with Sex Dolls Reasons Why Men Favor Sex Dolls To Genuine Women Things To Remember While Washing With a Sex Doll

  12. 592590 101994What a lovely weblog. I will surely be back again. Please maintain writing! 637531

Leave a Reply

Your email address will not be published.