Algorithmic Bias and the Apple Card: Examining Gender Discrimination in Credit Scoring

The video discusses a controversy involving the Apple Card, where gender bias in credit limits was highlighted by a viral Twitter thread. The issue is linked to algorithmic bias, as historical data used in machine learning can perpetuate discrimination. The Equal Credit Opportunity Act of 1974 made gender-based credit discrimination illegal, but current algorithms may still be biased. Solutions include reintroducing gender variables into algorithms, but this poses legal challenges. The video suggests contacting policymakers to address these issues.

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