Does the Apple card Discriminate Against Women?
WHEN IT COMES TO GETTING credit, women historically have gotten a raw deal.
Before 1974, when the Equal Credit Opportunity Act passed, most lenders and credit card companies wouldn’t even consider female applicants without a male cosigner. More recently, studies have found that, all else being equal, women typically are charged a half point more in interest than men on credit cards and get stuck with higher mortgage rates as well. As for getting a loan if you’re a female entrepreneur, the odds are really stacked against you: Less than 3 percent of venture capital funding goes to women founders—and the loans they get, on average, are less than half what men nab, despite bringing in twice as much revenue.
Given the lending industry’s checkered record when it comes to women, it isn’t surprising that charges of sexism tend to fall on receptive ears. Which is why, when a millionaire tech entrepreneur blasted social media recently with complaints that the Apple Card had
