Cleared of gender bias, Apple announces Apple Card Family for spouses and teens [TechCrunch Blog]
Apple Inc. (AAPL)
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Source: TechCrunch Blog
Apple has been slowly building a position for itself as a financial services giant, banked around its digital wallet for storing a user’s payment cards and the launch of its ownApple Card in 2019announcedApple Card FamilyThe timing of the announcement is interesting. Last month, Apple and partner Goldman Sachs werecleared of any gender bias in how they build credit scoring in the Apple Cardgoing for nearly as long as the Apple Card itselfAt the time of the ruling, even as Apple was cleared, the regulator noted that what the case did highlight was the more endemic gender and other disparities in the credit scoring system, particularly as they pertain to spouses and partners.In light of that, some might say the announcement today is not coming as a surprise, and others might say it is long overdue.This service announcement feels like it’s the company’s effort to seal the deal and draw a line under that story, and more formally lay out its intentions to be equitable even if regulations h
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