Re:About the Apple Card
by ryandrake on Monday November 11, 2019 @01:57PM
(#21507678)
Community Property laws and joint tax filing do not suddenly make each partner’s creditworthiness or credit risk identical.
[ Parent
| on HN ]
The fact that nobody can actually explain in a mathematical and deterministic way to a card holder exactly what goes into their creditworthiness is very problematic, given that creditworthiness is a foundational aspect of our economy.
And in many cases, these algorithms are deemed proprietary. So there's no accountability AT ALL. How we were somehow ok with trusting 3 private for-profit companies with this much power always baffles me.