Re:About the Apple Card
by atonse on Monday November 11, 2019 @02:06PM
(#21507787)
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.
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.