NEW YORK -- A New York regulator is investigating Goldman Sachs for possible sex discrimination in the way it sets credit limits.
The investigation follows a series of viral tweets by entrepreneur and web developer David Heinemeier Hansson about algorithms used for the Apple Card, which Goldman Sachs manages in partnership with Apple.
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Hansson said the card offered him a credit limit 20 times greater than it gave to his wife, even though she has a higher credit score. He called the algorithm a sexist program.
A spokeswoman for the New York Department of Financial Services confirmed Saturday that the agency will investigate "and ensure all consumers are treated equally regardless of sex."