Company Directory - Ally Bank
Company Details - Ally Bank
Ally Bank
WebsiteDetroit, United States
Ally Bank is an online banking platform that offers competitive interest rates on savings accounts and CDs along with a range of digital financial services designed to provide a convenient, customer-focused banking experience.
CCI Score
CCI Score: Ally Bank
-15.32
0.01%
Latest Event
Ally Financial Lobbying and Revolving Door Profile
OpenSecrets data reveals that a significant proportion of Ally Financial’s lobbyists have prior government experience, raising concerns about a revolving door that could lead to undue political influence and regulatory capture.
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ENABLER
Ally Bank is currently rated as an Enabler.
Latest Events
- FEB062025
OpenSecrets data reveals that a significant proportion of Ally Financial’s lobbyists have prior government experience, raising concerns about a revolving door that could lead to undue political influence and regulatory capture.
-40
Political Contributions and Lobbying Efforts
March 28
The OpenSecrets profile shows that 19 out of 23 lobbyists in 2023 and 14 out of 20 in 2024 previously held government positions, indicating a revolving door that heightens risks of regulatory capture and undermines democratic accountability from an anti-fascist perspective.
- SEP202024
Two lawsuits filed against Ally Bank accuse the bank of failing to implement industry-standard cybersecurity measures. The complaints allege that customer data — including Social Security numbers and personal details — was inadequately protected, and that notifications of the breaches were unduly delayed, thereby exposing customers to potential fraud and identity theft.
-70
Business Practices and Ethical Responsibility
March 28
The lawsuits highlight alleged serious failures in basic business practices. Ally Bank is accused of neglecting its duty to protect sensitive customer data by not implementing adequate cybersecurity protocols and failing to promptly alert customers of breaches. Such negligence compromises customer safety and trust, reflecting poorly on its business practices and ethical responsibilities.
Two lawsuits accuse Ally Bank of failing to protect customer data
-50
Technology and Services Impact
March 28
The complaints detail that Ally Bank did not employ proper digital safeguards, leaving customer data vulnerable to unauthorized access and potential misuse. This inadequacy in digital and cybersecurity infrastructure negatively impacts the quality and safety of the technology services provided.
Two lawsuits accuse Ally Bank of failing to protect customer data
- JUN042024
On June 4, 2024, a lawsuit was filed in North Carolina federal district court by America First Legal—a group connected to former Trump adviser Stephen Miller—alleging that Ally Financial Inc. unlawfully discriminated against white male employees by favoring a less experienced white female candidate for a senior role in its Physical Security and Threat Division as part of its diversity, equity, and inclusion policies.
+40
Labor Relations and Human Rights Practices
March 28
The lawsuit criticizes Ally Financial for allegedly discriminating against white male employees under its DEI efforts. Viewed from an anti-fascist, progressive perspective, the bank’s commitment to diversity and inclusion is a positive, forward-thinking practice. The legal challenge appears politically motivated by a far-right group seeking to undermine policies that promote inclusion and protect marginalized groups.
- APR232024
A class-action suit alleges that Ally Bank's inadequate cybersecurity practices led to a breach on April 23, 2024, potentially exposing the personal data of billions of customers. The complaint highlights failures to encrypt sensitive data and detect cyberattacks, raising serious concerns regarding the bank’s commitment to protecting its customers.
-70
Business Practices and Ethical Responsibility
March 28
Ally Bank's failure to implement robust cybersecurity measures—including encryption and intrusion detection—demonstrates a significant lapse in ethical responsibility. These shortcomings not only jeopardized consumer privacy but also reflect a broader disregard for safeguarding vulnerable populations from data exploitation.
Ally Breach May Have Leaked Consumer Data of Billions, Suit Says
-60
Technology and Services Impact
March 28
The breach reflects poorly on Ally Bank’s technological practices. The lack of effective encryption and cybersecurity tools facilitated unauthorized access to sensitive customer data, highlighting a failure in deploying secure technology services essential for protecting users from exploitation.
Ally Breach May Have Leaked Consumer Data of Billions, Suit Says
- DEC312023
Ally Financial, associated with Ally Bank, spent $3,080,000 on lobbying in 2023 according to OpenSecrets. The report highlights the company's substantial investment in influencing federal policy through lobbying efforts.
-70
Political Contributions and Lobbying Efforts
March 28
Ally Financial's expenditure of $3,080,000 on lobbying in 2023 underscores its significant efforts to influence policy. Such heavy political spending can facilitate regulatory capture and the advancement of corporate interests over public welfare, potentially supporting authoritarian dynamics by privileging oligarchic influence.
- OCT042023
Ally Bank has highlighted its commitment to fostering supplier diversity and sustainability by implementing a strategic sourcing process that awards qualified supplier relationships, aiming to create economic value and opportunities for communities.
+70
Supply Chain Ethics
March 28
The article details Ally Bank's strategic sourcing process that emphasizes supplier diversity and sustainable practices. This initiative supports an inclusive marketplace and underscores ethical supply chain management, values that align with anti-fascist, progressive principles by promoting social equity and community investment.
Ally Supplier Info: Promoting Supplier Diversity & Sustainability
- OCT012023
Ally Financial Inc.'s Advocacy Political Action Committee reported total individual contributions of $617,477.24 according to FEC data, highlighting the company’s engagement in political spending that could be used to influence policy decisions.
-50
Political Contributions and Lobbying Efforts
March 28
The reported contributions from Ally Financial Inc.'s Advocacy Political Action Committee reflect significant corporate political spending. Such expenditure can be seen as a means to influence policy and political outcomes in favor of corporate interests, which may undermine democratic accountability and worker rights from an anti-fascist perspective.
ALLY FINANCIAL INC. ADVOCACY POLITICAL ACTION COMMITTEE - committee overview
- JAN152021
Ally Bank, a top 20 U.S. bank based in Detroit, has formalized its commitment to inclusion by launching its first supplier diversity program. Spearheaded by T.J. Lewis since January 2020 and featuring a one-day virtual symposium in January 2021 with participation from executive leadership including CEO Jeffrey Brown, the initiative aims to connect with technology-based and diverse suppliers while reinforcing the bank’s corporate diversity and inclusion strategy.
+70
Executive Political Engagement
March 28
Ally Bank's executive involvement—highlighted by CEO Jeffrey Brown's participation in the symposium—demonstrates proactive political engagement and leadership that promotes transparency and inclusion. This level of engagement helps counter authoritarian tendencies by involving diverse community voices in corporate decision-making.
ACCESS: The ‘Secret Sauce’ To Ally Bank’s New Supplier Diversity Program
+80
Supply Chain Ethics
March 28
The bank's new supplier outreach programs, which include a virtual symposium and a quarterly Supplier Spotlight, actively work to correct exclusionary supply chain practices. By opening opportunities for technology-based and diverse suppliers, Ally Bank is strengthening ethical sourcing and promoting equitable access—an action that aligns with anti-fascist and socially responsible business practices.
ACCESS: The ‘Secret Sauce’ To Ally Bank’s New Supplier Diversity Program
- DEC232013
Ally Bank reached a $98 million settlement over allegations of auto lending discrimination following enforcement actions by the DOJ and CFPB, marking a historic and significant penalty for discriminatory lending practices that harmed marginalized communities.
-75
Business Practices and Ethical Responsibility
March 28
Ally Bank's settlement of $98 million for auto lending discrimination underscores a major failure in ethical business practices. By engaging in discriminatory behavior that adversely affected minority communities, the bank demonstrated disregard for fair and inclusive service. This negative action has significant implications for community trust and accountability.
Ally Settles for $98 Million for Auto Lending Discrimination
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