Apple co-founder says Apple credit card discriminated against his wife

  • 📰 smh
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 80%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

A tweet about credit card limits on the new Apple card has set off a firestorm in the US.

Apple and Goldman Sachs, two of the most recognisable companies in tech and finance, are caught up in a growing debate over whether lenders unintentionally discriminate when they use complex models to determine how Americans borrow money.

"These sorts of unfairnesses bother me and go against the principle of truth. We don't have transparency on how these companies set these things up and operate," Wozniak said in an interview on Sunday. "Our government isn't strong enough on the issues of regulation. Consumers can only be represented by the government because the big corporations only represent themselves.

The investigation was launched in response to a series of Twitter posts from David Heinemeier Hansson that railed against the Apple Card for giving him 20 times the credit limit that his wife got. The tweets, many of which contain profanity, immediately gained traction online - and a response on Twitter from Wozniak.Hansson didn't disclose any specific income-related information for the couple but said they filed joint tax returns and that his wife has a better credit score than he does.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

the big issues......

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple credit card to be investigated over alleged gender discriminationAn American businessman accused the Apple card of being a 'f***ing sexist program' after he was given a credit limit 20 times higher than his wife, who has a better credit rating than him Oh the horror....... It is BS. My spouse and I have similar incomes and credit ratings. We got the same limit
Source: SBSNews - 🏆 3. / 89 Read more »