Levi & Korsinsky, LLP is investigating Apple Inc.’s new credit card, the AppleCard, after customers complained that the card’s lending algorithms discriminate against women. Specifically, a number of women have reported that they have received lower credit limits than their spouses, although they have higher credit scores.
The AppleCard first came under fire when a software developer and entrepreneur wrote a series of tweets complaining that he got a credit limit 20 times higher than his wife, despite the fact that the couple files tax returns jointly and she has a higher credit score. Several other men on Twitter replied outlining similar experiences and describing how their wives received significantly less favorable terms on their AppleCards than they did despite their wives looking like better credit risks on paper.
New York State regulators have announced that they are investigating the algorithm used by AppleCard to determine the creditworthiness of applicants.
If you are a woman and believe that you received a lower line of credit or higher interest rate on an AppleCard than you deserved, and wish to discuss your legal rights, please contact Rosemary M. Rivas, Esq. (email@example.com) or Courtney Maccarone, Esq. (firstname.lastname@example.org) of Levi & Korsinsky, LLP.
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