The department Bloomberg stated that the investigation would look into any legal offense as well as guarantee that each customer was treated equally. Any algorithmic bias (including inadvertent bias) "violates New York law," department superintendent Linda Lacewell said. I do not explain why a woman with stronger credit scores received a lower limit.
It is uncertain how long the investigation will take, and there is no guarantee that Goldman will be asked to make any adjustments. However, the incident underscores concerns that bias in the algorithms creates serious disadvantages for some groups, such as declining adequate medical coverage. It also puts on a strong debut for the Apple Card ̵1; both Apple and Goldman claim it is the "most successful launch" of a credit card in US history. True or not, Hansson's incident suggests that there may also be flaws to address. My wife and I have filed joint tax returns, live in a state of community property, and have long been married. But Apple's black box algorithm I think deserves 20x the credit limit it makes. No job appeals.
– DHH (@dhh) November 7, 2019