Goldman Sachs, responding to the wave of accusation that their credit assessment algorithms are sexist, posted this official follow-up:
The key line in all this:
We have not and never will make decisions based on factors like gender. In fact, we do not know your gender or marital status during the Apple Card application process.
If true, that’s a pretty strong defense against arguments of sexism. Regardless, this has turned south for both Goldman Sachs and Apple. Will this pass as quickly as it ramped up? I suspect it depends on if New York’s Department of Financial Services decides there’s more to this.