Flagstar Bank

Risk Level:

Medium Risk

Summary:

Flagstar Bank has not fired any employees or canceled contracts due to religious or political beliefs, although it vets suppliers according to their LGBTQ policies and does not protect employees from viewpoint discrimination. Flagstart Bank uses its corporate funds and reputation to advance ideological causes hostile to freedom of expression. However, Flagstar Bank does not use its PAC for ideological purposes. For these reasons, Flagstar Bank receives a Medium Risk rating.

Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level

Rationale

Flagstar Bank received a score of 80 from the Corporate Equality Index. Among other requirements, this means that Flagstar Bank has a written policy pledging to vet vendors or support LGBTQ policies (1). Flagstar Bank has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level

Rationale

Flagstar Bank does not discriminate against religious organizations in its charitable giving (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level

Rationale

Flagstar Bank does not protect employees from viewpoint discrimination (1)(2).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level

Rationale

Flagstar Bank integrates ESG into all of its business practices (1). Flagstar Bank conducted “listening sessions” and hosted DEI workshops as part of the Black Lives Matter movement (2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Flagstar Bank pledged $1 million in grants to minority-owned businesses, including LGBTQ organizations (1)(2). Flagstar Bank provided $1 million to the Appraiser Diversity Initiative which promotes targeted recruitment of diverse candidates (3).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level

Rationale

Flagstar Bank has not used its PAC for ideological purposes (1).

All links were last accessed and all information was updated on:
May 23, 2023

Company reports are intended for educational use only. Full Disclaimer

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Related Resources:

Signature Bank's Viewpoint Diversity Index (scored prior to closure)

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