CIT Group Inc.

New York, United States

CIT Group Inc. is a bank and financial services company that provides a range of services including commercial financing, leasing, and deposit products such as certificates of deposit (CDs) to consumers and businesses.

CCI Score

8.85

-0.01% April 18

Latest Event

CIT Group Resolves Overcharging Allegations

CIT Group Inc. paid $3,111,400 to settle allegations of continuing unlawful billing practices after acquiring part of Avaya's customer base. The settlement, which involved overcharging federal and state government agencies for telephone systems, highlights serious ethical concerns in its business practices.

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OBJECTOR

CIT Group Inc. 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

JAN

28

2025

CIT Group Resolves Overcharging Allegations
-39.13

CIT Group Inc. paid $3,111,400 to settle allegations of continuing unlawful billing practices after acquiring part of Avaya's customer base. The settlement, which involved overcharging federal and state government agencies for telephone systems, highlights serious ethical concerns in its business practices.
-40

Business Practices and Ethical Responsibility

March 24

The settlement exposes unethical business practices by CIT Group, particularly in continuing alleged unlawful billing practices after acquiring part of Avaya's customer base. Such behavior undermines transparent and fair financial operations and erodes public trust in government procurement processes. This act reflects poor business practices and ethical responsibility, which is critical given the broader implications for democratic accountability and resistance to authoritarian misuse of power.

Avaya and CIT Group Pay Over $16.5 Million to Resolve Allegations of Overcharging for Telephone Systems
JAN

28

2021

CIT Receives Top LGBTQ Equality Recognition
58.40

CIT Group Inc. has been recognized as one of the best places to work for LGBTQ Equality, receiving a score of 100 on the Human Rights Campaign Foundation's 2021 Corporate Equality Index. This achievement underscores the company's commitment to fostering an inclusive workplace and upholding ethical labor practices.
+80

Public and Political Behavior

March 24

CIT Group Inc. demonstrates strong public commitment to inclusivity and diversity by earning a high score on the Corporate Equality Index. This public stance contributes positively by countering exclusionary practices and shows ethical leadership in addressing social issues, which is essential in resisting authoritarian tendencies.

CIT Named a Best Place to Work for LGBTQ Equality by Human Rights Campaign Foundation
+100

Business Practices and Ethical Responsibility

March 24

The recognition by the Human Rights Campaign Foundation underscores CIT's comprehensive and ethical business practices, particularly in the domain of labor relations and human rights. Its proactive diversity and inclusion policies set an industry standard that counteract the exploitative practices often associated with authoritarian regimes.

CIT Named a Best Place to Work for LGBTQ Equality by Human Rights Campaign Foundation
JAN

28

2021

CIT Recognized for LGBTQ Workplace Equality
65.55

CIT Group Inc. received a perfect score of 100 on the Human Rights Campaign Foundation's Corporate Equality Index for the second consecutive year, highlighting its commitment to fostering an inclusive, diverse, and respectful workplace. This achievement demonstrates the company's stand against discriminatory practices and underscores a broader resistance to fascist and authoritarian ideologies.
+100

Labor Relations and Human Rights Practices

March 24

CIT's perfect score on the Corporate Equality Index reflects outstanding labor relations and human rights practices, particularly in advancing LGBTQ equality. This positive action supports anti-fascist values by promoting diversity, equity, and inclusivity in the workplace, standing in opposition to discriminatory and authoritarian practices.

CIT Named a Best Place to Work for LGBTQ Equality by Human Rights Campaign Foundation
SEP

01

2018

CIT Group and Political Donations: Corporate Influence in Politics
-30.90

A Business Insider article highlights the significant role of corporate donations in politics, raising concerns about the influence of corporate money in shaping democratic processes. As a major financial institution, CIT Group may be implicated in contributing to this trend, which can inadvertently support authoritarian policies and undermine democratic accountability.
-60

Political Contributions and Lobbying Efforts

March 24

The article details how corporations are channeling millions of dollars into political donations following the Citizens United ruling, a practice that enhances corporate political influence and could facilitate the rise of authoritarian policies. Given CIT Group's status as a financial institution, its involvement in similar political contributions could be seen as complicit in practices that favor corporate interests over democratic integrity.

Companies Are Influencing Politics by Donating Millions to Politicians ...
JAN

10

2018

CIT Group Political Contributions and Lobbying Policy
-9.66

CIT Group Inc.'s internal policy, effective 01/10/2018, outlines strict guidelines that prohibit the company from directly or indirectly funding political candidates and mandates controlled, transparent lobbying activities. While the policy is designed to ensure compliance with legal standards and promote accountability, its emphasis on active lobbying to advance corporate interests raises concerns about corporate influence over political processes, which can indirectly support authoritarianism.
-20

Political Contributions and Lobbying Efforts

March 24

CIT Group Inc.'s Political Contributions and Lobbying Policy strictly limits the use of company funds for political campaigns and establishes oversight for any lobbying activities. However, the policy also confirms the company’s active engagement in lobbying to influence public policy in favor of its interests. From an anti-fascist perspective, even regulated corporate lobbying can contribute to an imbalance in political power and potentially support authoritarian tendencies, resulting in a negative score.

Political Contributions and Lobbying Policy