Company Directory - Bread Financial Holdings Inc.
Company Details - Bread Financial Holdings Inc.
Bread Financial Holdings Inc.
WebsiteBread Financial Holdings Inc. is a consumer finance company that provides a range of financial solutions, primarily focusing on credit card products and payment services. The company aims to deliver innovative financial products to enhance customer experiences in the digital economy.
CCI Score
CCI Score: Bread Financial Holdings Inc.
2.30
Latest Event
Revolving Door and Lobbying Practices
OpenSecrets' profile of Bread Financial Holdings highlights its political contributions and lobbying efforts, as well as its revolving door practices, noting that 9 out of 16 lobbyists in 2023 and 8 out of 15 in 2024 previously held government jobs. These factors raise concerns over undue influence and potential regulatory capture.
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OBJECTOR
Bread Financial Holdings Inc. is currently rated as an Objector.
Latest Events
- FEB192025
OpenSecrets' profile of Bread Financial Holdings highlights its political contributions and lobbying efforts, as well as its revolving door practices, noting that 9 out of 16 lobbyists in 2023 and 8 out of 15 in 2024 previously held government jobs. These factors raise concerns over undue influence and potential regulatory capture.
-40
Political Contributions and Lobbying Efforts
April 4
Bread Financial Holdings' reported political contributions of $161,816 and lobbying expenditures of $394,000, combined with a significant revolving door (with a large proportion of lobbyists coming from government positions), suggest a problematic influence on political processes. This raises concerns about the company bolstering entrenched interests and potentially undermining democratic accountability.
-30
Regulatory Capture
April 4
The significant involvement of former government officials as lobbyists for Bread Financial Holdings is indicative of a revolving door dynamic that can facilitate regulatory capture. Such a pattern may enable the company to exert undue influence over policy-making in favor of corporate interests.
- MAY162024
On May 16, 2024, Bread Financial released its 2023 Sustainability Report, detailing a range of initiatives including the launch of a Financial Education Hub, establishment of the Office of People, Policy and Governance, the rollout of a Career Navigator tool for associates, community investments amounting to $8 million, and the deployment of a mobile app to enhance customer service. These steps underline the company's commitment to transparency, ethical business practices, employee development, and customer empowerment.
+60
Public and Political Behavior
April 4
The sustainability report reinforces Bread Financial's commitment to transparency and accountability by clearly communicating its ethical practices and stakeholder engagement strategies, supporting progressive public principles.
+70
Business Practices and Ethical Responsibility
April 4
The report outlines comprehensive measures enhancing corporate governance, employee support through initiatives like the Career Navigator tool and People, Policy and Governance office, as well as substantial community investments. These practices indicate a strong commitment to ethical business practices and social responsibility.
+50
Technology and Services Impact
April 4
The launch of a new mobile app to improve customer service exemplifies a positive use of technology that empowers consumers, streamlines services, and avoids the pitfalls of repressive digital practices.
- MAY162024
On May 16, 2024, Bread Financial unveiled its 2023 Sustainability Report, outlining progress in environmental and social initiatives. The report highlights measures such as third‐party limited assurance of the company’s greenhouse gas inventory, reinforcing its commitment to corporate transparency and responsible business practices.
+65
Business Practices and Ethical Responsibility
April 4
The sustainability report and the independent assurance of its greenhouse gas inventory showcase Bread Financial's commitment to transparency, environmental responsibility, and corporate accountability. By publicizing these efforts, the company demonstrates adherence to progressive business practices that prioritize community investment and ethical responsibility.
- MAY162024
On May 16, 2024, Bread Financial released its 2023 Sustainability Report which details a range of initiatives including enhanced corporate governance, a newly established Office of People, Policy and Governance, the launch of a Financial Education Hub and Career Navigator tool, as well as an $8 million commitment to community initiatives. These measures aim to improve transparency, support worker rights, and invest in marginalized communities.
+65
Business Practices and Ethical Responsibility
April 4
The report demonstrates strong commitments to ethical business practices by bolstering internal governance and transparency, launching initiatives that support worker development and financial education, and upholding rigorous compliance with human capital policies. These actions contribute positively to protecting marginalized communities and strengthening labor rights.
+50
Economic and Structural Influence
April 4
The report’s disclosure of an $8 million investment in community initiatives reflects a commitment to positive economic engagement and structural influence. This investment supports local communities and promotes social equity, thereby countering tendencies toward authoritarian economic practices.
- JAN012024
Bread Financial Holdings’ affiliated PAC raised $200,988 during the 2023-2024 election cycle, according to OpenSecrets. The profile highlights the company’s involvement in political fundraising, which may enable corporate influence in policy-making.
-10
Political Contributions and Lobbying Efforts
April 4
The report on Bread Financial Holdings’ PAC contributions indicates that the company is engaged in political fundraising. Although the amount raised ($200,988) is relatively moderate, such activity can facilitate corporate influence in politics. From an anti-fascist perspective, corporate political action may contribute to undemocratic influence if channeled towards partisan agendas that undermine worker rights and public accountability.
- DEC312023
According to OpenSecrets, Bread Financial Holdings spent $360,000 on lobbying in 2023, indicating its active involvement in influencing federal policy decisions.
-40
Political Contributions and Lobbying Efforts
April 4
The expenditure of $360,000 on federal lobbying reflects an active engagement in influencing policy outcomes in ways that can undermine democratic accountability. From an anti-fascist perspective, corporate lobbying of this nature is viewed negatively as it potentially enables undue corporate influence over political processes.
- DEC312023
Bread Financial Holdings spent $360,000 on lobbying efforts in 2023, as identified by OpenSecrets. This expenditure signifies the firm's active involvement in influencing policy decisions, a move which can contribute to sustaining corporate influence in the political arena.
-40
Political Contributions and Lobbying Efforts
April 4
The company’s $360,000 lobbying expenditure in 2023 indicates an active approach to influence political processes. From an anti-fascist perspective, such financial engagement can be seen as an effort to secure favorable policy environments that may undermine progressive reforms and worker rights.
- OCT012023
FEC records for Bread Financial Holdings Inc.'s PAC indicate a 'Qualified Committee designation: Unauthorized', raising concerns over transparency and regulatory compliance in the company's political engagement practices.
-40
Political Contributions and Lobbying Efforts
April 4
The FEC listing shows that Bread Financial Holdings Inc.'s PAC is designated as 'Unauthorized', which implies potential issues with regulatory compliance and transparency in its political contributions. This lack of proper authorization can be indicative of efforts to obscure political influence, a practice that is concerning from an anti-fascist, pro-democratic accountability perspective.
BREAD FINANCIAL HOLDINGS, INC. PAC (AKA BREAD FINANCIAL PAC) - FEC.gov
Alternatives
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Mexico City, Mexico
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-1.48
San Jose, United States
-24.45
Nassau, The Bahamas
-35.22
Cayman Islands
-42.79
Corporation
-15.05
United States
78.73
India
66.92
Corporate Financials
- Revenue
- 2025
- $1.14B
- Total Assets
- 2025
- $4.70B
- Operating Income
- 2025
- $206.00M
- Total Equity
- 2025
- $2.30B
Industries
- 522291
- Consumer Lending
- 522320
- Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 523999
- Miscellaneous Financial Investment Activities