Politics

Elizabeth Warren Slams Goldman Over Apple Card Bias Furor

  • She chides bank’s response, says firm should explain algorithm
  • ‘And if they can’t do it, then they need to pull it down’

Source: Apple, Bloomberg

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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, which oversees banking decisions on the popular card, has responded to the flood of criticism by asking aggrieved customers to request a second look at their credit limits.