Warren lashes out at Goldman over Apple Card bias claims - Bloomberg


  • World
  • Thursday, 14 Nov 2019

FILE PHOTO: Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks at a SEA/SEIU Local 1984 Member Town Hall in Concord, New Hampshire, U.S., November 13, 2019. REUTERS/Brian Snyder

(Reuters) - U.S. Senator Elizabeth Warren questioned Goldman Sachs's response to allegations of bias in how the bank evaluates applicants for Apple Inc's credit card, suggesting it should pull down the algorithm if it cannot be explained, Bloomberg reported on Wednesday.

A criticism of Apple Card's algorithm started last week, after entrepreneur David Heinemeier Hansson railed against the evaluation process in a series of Twitter posts, saying it gave him 20 times the credit limit his wife received.

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