Company Directory - Forbright Bank
Company Details - Forbright Bank
Forbright Bank
WebsiteForbright Bank is a digital financial institution that provides high yield savings products with competitive interest rates, appealing to customers looking for improved returns on their deposits.
CCI Score
CCI Score: Forbright Bank
-0.04
Latest Event
Forbright Bank Political Influence Profile
Analysis of Forbright Bank's political contributions and lobbying activities in the 2024 cycle, highlighting significant lobbying expenditures and a revolving door phenomenon among their lobbyists.
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BYSTANDER
Forbright Bank is currently rated as a Bystander.
Latest Events
- FEB192025
Analysis of Forbright Bank's political contributions and lobbying activities in the 2024 cycle, highlighting significant lobbying expenditures and a revolving door phenomenon among their lobbyists.
-50
Political Contributions and Lobbying Efforts
March 21
Forbright Bank contributed $30,312 in political contributions and spent $160,000 on lobbying during the 2024 cycle. Such financial involvement in political processes raises concerns over potential undue influence on policymaking that favors authoritarian practices. The scale of spending suggests a willingness to steer political outcomes, which is seen as complicit in the undermining of democratic accountability.
-40
Executive Political Engagement
March 21
Data indicates that 100% of Forbright Bank's lobbyists in both 2023 and 2024 previously held government positions. This revolving door dynamic points to an over-reliance on former government insiders, potentially compromising the integrity of political decision-making and fostering an environment where corporate interests unduly sway public policy.
- DEC312024
Forbright Bank spent $120,000 on lobbying in 2024, raising concerns about its role in shaping policies that may contribute to authoritarian practices.
-40
Public and Political Behavior
March 21
Forbright Bank's expenditure of $120,000 on lobbying in 2024 indicates active engagement in political influence activities. From a left-leaning perspective, such lobbying efforts can contribute to shaping policies that may support authoritarian agendas, thus earning a negative score in the Public and Political Behavior category.
- JAN012024
Forbright Bank's reported expenditure of $160,000 on lobbying in 2024 raises significant concerns from an anti-fascist perspective. This spending suggests an intent to exert undue influence over political processes, potentially shaping policies in a manner that undermines democratic accountability and could advance authoritarian agendas.
-50
Political Contributions and Lobbying Efforts
March 21
The $160,000 lobbying expenditure by Forbright Bank in 2024 indicates a deliberate use of corporate funds to influence political decision-making. Given the anti-fascist lens that scrutinizes undue corporate political influence, this action is seen as a negative contribution to democratic processes and could potentially bolster authoritarian practices. The score reflects the concern that such high lobbying spending may be used to shape policies in favor of far‐right or authoritarian interests.
- JUN012023
The 2023 Sustainability Report details Forbright Bank’s robust commitment to ethical labor practices, environmental stewardship, and sustainable finance. The report emphasizes community engagement, responsible lending, and proactive measures that promote inclusivity and transparency—factors which align with anti‑fascist, progressive corporate practices.
+90
Business Practices and Ethical Responsibility
March 21
Forbright Bank’s report highlights strong ethical business practices—ranging from comprehensive employee training and inclusive hiring policies to proactive community investment and sustainable finance initiatives. Such efforts contribute to a business culture that resists exploitative labor practices and promotes social justice, countering trends that can enable authoritarianism.
+80
Economic and Structural Influence
March 21
The report demonstrates responsible lending and investment practices that bolster community development without feeding into authoritarian or exploitative economic structures. By ensuring that its financial engagements are aligned with sustainable and inclusive practices, Forbright Bank minimizes risk of indirectly supporting repressive regimes or policies.
- SEP232021
Forbright Bank has committed to the UN Principles for Responsible Banking, reinforcing its commitment to ethical financial practices and responsible stewardship in the financial sector.
+80
Business Practices and Ethical Responsibility
March 21
By signing the UN Principles for Responsible Banking, Forbright Bank demonstrates a commitment to ethical financial practices, transparency, and responsible business conduct. This action supports fair labor practices, community investment, and overall ethical responsibility, distancing the bank from any potential complicity in authoritarian economic behaviors.
Forbright Bank Signs the UN Principles for Responsible Banking
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