What you need to know
- A report suggests that Senators Elizabeth Warren and Sherod Brown are pressing for further examination into claims of gender bias of Apple Card.
- It is claimed that they have written to the Consumer Financial Protection Bureau.
- The Senators asked whether supervisory exams had been conducted of Goldman Sachs.
A report suggests that Senators Elizabeth Warren and Sherod Brown have written to the Consumer Financial Protection Bureau, pressing for further examination into claims that the Apple Card is biased to discriminate against women.
According to a report from PaymentsSource:
The report states that the letter, dated 25 November says:
Apple Card was rocked with controversy earlier this month after claims emerged that the algorithm behind the credit limits it provided was biased against women. Apple founding father Steve Wozniak even weighed in on the debate, saying that he and his wife had both applied, but had been given substantially different credit limits, despite the fact they have no separate assets.
Senator Warren has also previously waded into the debate, saying that if Goldman Sachs couldn't explain its Apple Card algorithm, then it shouldn't be using it. GS has already defended itself from the claims, saying it does not see information like marital status and gender on credit applications, however that hasn't stopped a federal investigation into the matter, or this latest report.
According to the report, the letter asks whether the CFPB has conducted supervisory exams of GS, as well as whether recent structural changes within the agency are at all affecting the policing of new technologies. They have requested a response by December 9.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9