# Professor Lawrence White is quoted in a feature article on Goldman Sachs entering into the subprime lending market with the Apple Card

1 Faculty News August 14, 2019 ![CNN logo](/sites/default/files/styles/246w/public/assets/images/uat_027323.jpg?itok=3feg8BmM)>

Excerpt from [CNN](https://edition.cnn.com/2019/08/14/business/apple-card-requirements-low-credit-score/index.html) -- "The new card is unlikely to 'make a big dent in Goldman's financial position or even its public image,' said [Lawrence J. White](https://www.stern.nyu.edu/faculty/bio/lawrence-white), economics professor at New York University Stern School of Business. 'There would have to be a lot of defaulting on the debt before this can become a big problem for Goldman and it doesn't appear that that's where they are going.'"

[Read more](https://edition.cnn.com/2019/08/14/business/apple-card-requirements-low-credit-score/index.html)