Apple Card’s Gender-Bias Claims Look Familiar to Old-School Banks

  • Goldman relies on tech that may inadvertently insert bias
  • FTC has warned that women face more hassles getting loans
Goldman Sachs and Apple are accused of discrimination with their credit card practices.Daybreak: Americas." (Source: Bloomberg)
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Apple Inc. pitches its new card as a model of simplicity and transparency, upending everything consumers think about credit cards.

But for the card’s overseers at Goldman Sachs Group Inc., it’s creating the same headaches that have bedeviled an industry the companies had hoped to disrupt.