Goldman Sachs

Ben Lovejoy:

The bank originally issued a brief statement stating that each person’s credit line is evaluated uniquely, based on a range of factors that include income, credit score, debt, and how debt has been managed. Taking all of this into account, it says, different family members could be offered different limits.

When the controversy didn’t go away, Goldman issued a new statement stating that its evaluation system is not aware of the gender or marital status of the applicant, and offered to re-evaluate the credit limit of anyone who felt an error had been made.

I’d guess they have no clue how the algorithm works and are scrambling to find anyone that does.