Bloomberg Businessweek

Goldman, Apple Cards, And Algos

A viral furor over the Apple Card is a reminder of how opaque credit decisions can be
The Apple Card

Apple pitches its new credit card as a model of simplicity and transparency, upending everything consumers think about cards. But for Goldman Sachs, the bank that actually approves borrowers and lends the money, it’s brought some of the same headaches that have long plagued the industry.

In early November, both companies got caught

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