Linda Lacewell, the superintendent of the New York Department of Financial Services (DFS), said that her Department has started an investigation of Goldman Sachs because it’s Apple Card may allegedly be discriminating against women when setting credit limits. “Algorithms don’t get immunity from discrimination,” she said. A CNBC story said that “[c]ompanies that deploy biased algorithms — even unknowingly — are still responsible for potential discriminatory outcomes, the Wall Street regulator who is probing Goldman Sachs’ Apple Card told CNBC on Monday.” The CNBC piece continued: “The [DFS] inquiry follows viral allegations from tech entrepreneur David Heinemeier Hansson, who said Thursday on Twitter that Apple Card gave him a credit limit 20 times higher than the one it gave his longtime wife, even though she has a higher credit score than he does and the couple jointly files tax returns.” Lacewell added that “There is no such thing as, ‘the company didn’t do it, the algorithm did’”. Further reading: CNBC: Regulator probing Goldman over Apple Card: Gender bias must be rooted out of process and Bloomberg: Viral Tweet About Apple Card Leads to Goldman Sachs Probe.

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