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DHH
 @dhh
9 Nov 2019
Replying to @dhh
The Wall Street regulator @NYDFS has opened an official probe into @GoldmanSachs over their black-box credit assessments for the @AppleCard following this profanity-laced thread 😬 bloomberg.com/news/articles/…
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I just wonder why this escalates - there is a CreditScore System in the US that is based on how much credit you use. We are here in the US for four month and my score is much higher than my wife’s because I use the card more for travel etc
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If you read the whole thread, that seems to be unlikely to be the correct explanation in this case.
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Don’t see anything against it. He only says that his wife has a higher TransUnion score but this is only one part. My TransUnion info shows me the score, my card limits, payment history, # of accounts-cards and card utilization.
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So if I would program a algorithm that creates a card limit for a person I only have the SSN and the TransUnion info, I would use exactly all the information to generate a limit. Especially the existing card limits and tx history.
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By the way - it was absolutely normal in Germany to take the gender as THE central criteria for financial products until 2013 when EU regulated this with Unisex Tarifs. Before 2013 women had much *better* tarifs, as they statistically had less accidents and live longer.
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Replying to @mirko_novakovic
Of course it was completely normal. It was also completely wrong, which is why it was addressed and changed :)

Nov 10, 2019 · 6:28 AM UTC

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Replying to @stilkov
You could also argue that it was not wrong and was changes by white men as now in most cases women have to pay more as they have to pay for statistical craziness of men. To give an example - especially young men die on a much higher rate because of traumatic brain injury.
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