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Senators pile on Goldman Sachs over alleged Apple Card bias, bank to offer shared household credit line

admin — Thu, 14 Nov 2019 06:53:51 +0000

Democratic senator and U.S. presidential candidate Elizabeth Warren on Wednesday chided Apple Card financial partner Goldman Sachs over the firm’s response to claims that its algorithms introduce a credit limit bias against women. AppleInsider – Frontpage News

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Goldman Sachs will reevaluate Apple Card credit line limits after claims of gender bias

admin — Tue, 12 Nov 2019 05:18:11 +0000

Responding to claims that a gender bias is instituted when processing Apple Card applications, Apple banking partner Goldman Sachs on Monday said it is prepared to reevaluate credit lines for customers who expected higher limits. AppleInsider – Frontpage News

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Goldman Sachs isn’t worried about Apple Card profitability despite consumer-friendly features

admin — Tue, 11 Jun 2019 03:04:43 +0000

Last month, a report explained that Citigroup pulled out of its potential deal with Apple for the new Apple Card over profitability concerns. Apple ultimately partnered with Goldman Sachs for the card, and now a Goldman exec is defending the partnership despite profitability concerns. more… The post Goldman Sachs isn’t worried about Apple Card profitability...

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