Company Directory - Discover Home Loans
Company Details - Discover Home Loans
Discover Home Loans
WebsiteDiscover Home Loans is a mortgage lending company offering a range of home loan products, including refinancing options, to help individuals achieve their homeownership goals.
CCI Score
CCI Score: Discover Home Loans
-21.84
0.03%
Latest Event
Discover Financial Services Political Influence Profile
The OpenSecrets profile reveals that Discover Financial Services, associated with Discover Home Loans, contributed $1,732,380 and spent $2,160,000 on lobbying during the 2024 cycle. The report also highlights a significant revolving door, with a notable portion of lobbyists having previously held government positions.
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ACCOMPLICE
Discover Home Loans is currently rated as an Accomplice.
Latest Events
- FEB062025
The OpenSecrets profile reveals that Discover Financial Services, associated with Discover Home Loans, contributed $1,732,380 and spent $2,160,000 on lobbying during the 2024 cycle. The report also highlights a significant revolving door, with a notable portion of lobbyists having previously held government positions.
-80
Political Contributions and Lobbying Efforts
April 2
The substantial political contributions and lobbying expenditures indicate aggressive efforts to influence public policy, which can undermine democratic accountability and potentially support authoritarian agendas.
-70
Executive Political Engagement
April 2
The revolving door information, with a significant number of lobbyists having prior government roles, raises concerns about regulatory capture and undue executive political engagement that can facilitate authoritarian influence.
- DEC312024
OpenSecrets data indicates that Discover Financial Services, which encompasses Discover Home Loans, spent $1,510,000 on lobbying activities in 2024. This significant expenditure highlights corporate efforts to influence political processes, a practice that raises concerns about the company’s potential impact on democratic accountability.
-70
Political Contributions and Lobbying Efforts
April 2
The reported lobbying expenditure of $1,510,000 is indicative of a deliberate attempt to influence political decisions and policy-making in favor of corporate interests. From an anti-fascist perspective, such large-scale political lobbying can undermine democratic processes and contribute to systemic power imbalances that often support authoritarian or oligarchic structures.
- MAR112024
Discover Home Loans settled a class action lawsuit brought by DACA recipients, agreeing to pay nearly $980,000 in compensation and revise its lending policies to ensure DACA recipients receive loans on terms comparable to U.S. citizens. Although the company disputes the claims, the policy change is aimed at promoting fair access to credit.
+70
Business Practices and Ethical Responsibility
April 2
By settling a discrimination lawsuit and committing to change its lending practices, Discover Home Loans takes a positive step towards rectifying past exclusions of marginalized groups, particularly DACA recipients. This action promotes inclusion and fair treatment, aligning with ethical business practices and social responsibility.
Discover Agrees to Settle Class Action Lending Discrimination Suit Brought By DACA Recipients
- DEC312023
Discover Financial Services, associated with Discover Home Loans, reportedly spent $650,000 on lobbying activities during 2023, a move that underscores its strong engagement in shaping political processes and influencing policy.
-50
Political Contributions and Lobbying Efforts
April 2
The expenditure of $650,000 on lobbying activities highlights the company's active use of political influence to further corporate interests, which can undermine democratic accountability. From an anti-authoritarian perspective, such corporate political action is concerning because it prioritizes financial power over equitable policy-making.
- OCT102023
Discover Home Loans has published its corporate political disclosures outlining its efforts in public policy, transparent lobbying practices, and ethical management of political contributions via its PAC, which is funded solely by voluntary employee contributions. The disclosures emphasize that contributions are made without regard to personal political preferences and in full compliance with reporting requirements.
+20
Political Contributions and Lobbying Efforts
April 2
The company’s detailed disclosure regarding its political contributions and lobbying efforts is marked by transparency and ethical practice. By relying exclusively on a PAC funded through voluntary employee contributions and by strictly following reporting guidelines, Discover Home Loans avoids using corporate funds to influence political outcomes, a practice seen as anti-authoritarian and supportive of fair democratic processes.
+15
Executive Political Engagement
April 2
The role of senior executives, particularly the VP of Government Relations, in directing the company’s political engagement highlights a structured and accountable approach. This executive oversight reinforces ethical standards in political activities and ensures that corporate political involvement is governed by clear, transparent policies.
- JAN012023
In 2023, Discover Financial Services—associated with Discover Home Loans—spent $1,930,000 on lobbying efforts, engaging with various legislative bills as reported by OpenSecrets.
-30
Political Contributions and Lobbying Efforts
April 2
The report indicates that Discover Financial Services invested $1,930,000 in lobbying in 2023. This significant political expenditure raises concerns about corporate influence over policy-making, potentially favoring corporate interests over public welfare and democratic accountability.
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