Washington regulators warned banks to be able to clearly explain algorithms that decide credit limits before they bring a product that relies on them to market, Bloomberg reported . The warning follows complaints of sexism directed at Goldman Sachs, the bank behind an Apple-branded credit card that granted lower credit limits to women than to men in the same or similar financial situations....
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Stripe in Talks to Raise Up to $3 Billion From Current Investors

Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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