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    Elizabeth Warren slams Goldman over Apple Card bias furor

    Synopsis

    Warren said in an interview from Concord, New Hampshire. “Sorry guys, that’s not how it works.” The flashy new partnership between Apple and Goldman Sachs has been embroiled in controversy in recent days after Apple co-founder Steve Wozniak highlighted unequal treatment in how the card handed out credit lines, sparking a probe by a New York regulator.

    Bloomberg
    NEW YORK: Presidential candidate Elizabeth Warren blasted Goldman Sachs’s response to claims of bias against women applying for the Apple Card, as complaints reignited a sweeping debate over the role of algorithms in consumer finance. Goldman has responded to the flood of criticism by asking aggrieved customers to request a second look at their credit limits.

    “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 in an interview from Concord, New Hampshire. “Sorry guys, that’s not how it works.” The flashy new partnership between Apple and Goldman Sachs has been embroiled in controversy in recent days after Apple co-founder Steve Wozniak highlighted unequal treatment in how the card handed out credit lines, sparking a probe by a New York regulator.
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