American Express National Bank

New York, United States

American Express National Bank is a financial institution offering personal savings accounts, including certificates of deposit (CDs), under the trusted American Express brand. It delivers consumer-friendly online banking services backed by the global reputation of American Express.

CCI Score

3.45

April 16

Latest Event

American Express Enhances Supplier Code of Conduct to Uphold Ethical Business Practices

American Express National Bank released its updated Supplier Code of Conduct on October 21, 2024, outlining strict guidelines that promote ethical business practices, safeguard human rights, and enforce responsible supply chain management. The document emphasizes prevention of forced labor, human trafficking, anti-corruption measures, and commitment to diversity and inclusion across its supplier network.

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OBJECTOR

American Express National Bank is currently rated as an Objector.

0 to +9 CCI Score

These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

OCT

21

2024

American Express Enhances Supplier Code of Conduct to Uphold Ethical Business Practices
76.16

American Express National Bank released its updated Supplier Code of Conduct on October 21, 2024, outlining strict guidelines that promote ethical business practices, safeguard human rights, and enforce responsible supply chain management. The document emphasizes prevention of forced labor, human trafficking, anti-corruption measures, and commitment to diversity and inclusion across its supplier network.
+80

Business Practices and Ethical Responsibility

March 24

The updated Supplier Code of Conduct issued by American Express National Bank clearly reinforces its commitment to ethical business practices by establishing rigorous standards for suppliers around human rights, labor practices, anti-corruption, and diversity. This proactive measure demonstrates a significant commitment to responsible operations and serves as a blueprint for ensuring that their extensive supply chain adheres to high ethical standards, thereby opposing practices that could indirectly support authoritarian or exploitative regimes.

American Express Supplier Code of Conduct
JUL

25

2023

OCC Penalty for Inadequate Affiliate Oversight
-25.22

American Express National Bank faced a $15 million penalty from the OCC for failing to govern and oversee a third-party affiliate, raising concerns over its business practices and regulatory compliance in protecting consumers.
-30

Business Practices and Ethical Responsibility

March 24

The OCC-imposed penalty highlights significant lapses in American Express National Bank's business practices and ethical responsibility. By failing to adequately govern its third-party affiliate and ensure proper customer data collection and record maintenance, the bank not only violated regulatory guidelines but also undermined consumer protection standards essential for a trustworthy financial institution.

OCC Assesses $15 Million Civil Money Penalty Against American Express National Bank
JUL

25

2023

OCC fines American Express for vendor oversight failures
-25.22

American Express National Bank was fined $15 million by the OCC for inadequate controls over a third-party vendor, highlighting a pattern of regulatory noncompliance that raises concerns about its business practices and ethical responsibility.
-30

Business Practices and Ethical Responsibility

March 24

The fine issued by the OCC reflects significant lapses in American Express National Bank’s oversight of its third-party vendor, resulting in violations related to consumer data protection and anti-money-laundering compliance. This pattern of misconduct, given its historical recurrence, indicates poor business practices and ethical responsibility. Such deficiencies undermine trust and reflect a disregard for regulatory standards, which indirectly empowers authoritarian practices by prioritizing profit over accountability and consumer protection.

OCC fines American Express $15 million for third-party noncompliance
JAN

01

2023

Policy Engagement and Political Activity
-11.92

American Express National Bank, as part of American Express, has engaged in significant political activities including detailed political contributions through its AXP PAC and structured lobbying efforts. The company outlines its comprehensive approach to public policy engagement, including transparent disclosures of lobbying expenditures and internal oversight of political contributions, which raises concerns about the potential influence of corporate money on democratic processes.
-20

Political Contributions and Lobbying Efforts

March 24

The article details American Express’ structured approach to political contributions and lobbying through its AXP PAC and other political activities. While the company emphasizes transparency and compliance, its involvement in funding political campaigns and influencing policy debates contributes to corporate interference in democratic processes, which from an anti-fascist perspective is problematic.

Policy Engagement and Political Activity
-10

Executive Political Engagement

March 24

The article highlights the involvement of senior executives in steering political engagement, including oversight by the EVP of Global Government Affairs and the VP of State Government Affairs. This executive involvement in political decision-making underscores a top-down approach to influencing policy debates, contributing indirectly to the corporate shaping of political agendas that may support authoritarian tendencies.

Policy Engagement and Political Activity