Company Directory - Bankrate
Company Details - Bankrate
Bankrate
WebsiteBankrate is a leading financial services company that provides consumers with valuable information on mortgage rates, personal loans, credit cards, and other financial products, helping them make informed financial decisions.
CCI Score
CCI Score: Bankrate
-39.28
0.03%
Latest Event
Bankrate Lobbying Activity Profile Revealed by OpenSecrets
OpenSecrets' profile for the 2023 lobbying cycle includes data on banking industry clients, indicating that Bankrate has engaged in lobbying activities. Such corporate political engagement raises concerns about the influence of financial institutions on policy-making and democratic accountability.
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TOADIE
Bankrate is currently rated as a Toadie.
Latest Events
- FEB192025
OpenSecrets' profile for the 2023 lobbying cycle includes data on banking industry clients, indicating that Bankrate has engaged in lobbying activities. Such corporate political engagement raises concerns about the influence of financial institutions on policy-making and democratic accountability.
-40
Political Contributions and Lobbying Efforts
April 8
The OpenSecrets profile demonstrates that Bankrate is involved in lobbying activities within the banking sector. From an anti-fascist perspective, corporate lobbying often serves to amplify the influence of financial elites on policy, undermining democratic processes and potentially supporting authoritarian policy measures.
- SEP252018
Edward J. DiMaria, the former CFO of Bankrate, was sentenced to 10 years in prison after orchestrating an accounting and securities fraud scheme that manipulated financial statements and caused over $25 million in shareholder losses.
-80
Business Practices and Ethical Responsibility
April 8
The fraud scheme orchestrated by Bankrate's former CFO involved deliberate misrepresentation of the company's financial records through cookie jar accounting and falsification of records, significantly undermining corporate transparency, accountability, and shareholder trust. Such unethical business practices erode the integrity of financial markets and reflect poorly on the company's commitment to ethical responsibility.
- JUN282018
The former CFO of Bankrate Inc. pleaded guilty to orchestrating a $25 million accounting and securities fraud scheme, in which he manipulated the company's financial records and misled shareholders, resulting in significant financial losses.
-80
Business Practices and Ethical Responsibility
April 8
The fraudulent activity, involving deliberate inflation of earnings and falsification of financial records, represents a severe breach of ethical business practices. Such actions undermine corporate accountability, erode public trust, and can indirectly destabilize financial systems, thereby reflecting negatively on the company's commitment to ethical responsibility.
- DEC202017
Edward J. DiMaria, the former CFO of Bankrate Inc., was indicted on multiple counts including conspiracy, false accounting entries, and securities fraud. The indictment alleges that between 2011 and 2014, DiMaria and co-conspirators manipulated the company’s financial statements through so‐called ‘cookie jar’ accounting to inflate earnings, mislead auditors and investors, and profit from the sale of his personal bankrate shares.
-80
Business Practices and Ethical Responsibility
April 8
The fraudulent accounting practices attributed to the former CFO indicate severe ethical and governance failures within the company. Manipulating financial records not only misleads investors but also undermines corporate accountability and transparency, which are critical for a fair and regulated market.
-70
Public and Political Behavior
April 8
The manipulation of financial disclosures and misrepresentation of the company’s earnings has broader implications for public trust and market regulation. By undermining transparency, such actions erode the confidence of investors and the public in the financial systems that are essential for democratic accountability.
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Industries
- 523999
- Miscellaneous Financial Investment Activities
- 541611
- Administrative Management and General Management Consulting Services
- 511210
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