Welcome to Fintalk, a weekly blog and email newsletter that shares experiences, lessons learned, and perspectives from the very frontier of consumer finance and it’s regulation.

What makes us different: no academics, wonks, or journalists. This blog is written by industry veterans for other industry veterans drawing upon personal experiences with practical insights to help you in your own work.


Inside Apple Card’s use of the ‘black box’

Apple Card’s credit scoring practices seem fairly mainstream. Their case illustrates the problem isn’t that ‘black box’ algorithms are taking over. The problem is that traditional means of credit scoring used by the vast majority of US banks like Goldman Sachs are routinely discriminatory. Over the weekend, furor erupted when it was revealed that a husband and wife, both of comparable financial means, were offered drastically different credit line terms. This comes on the hee