Medallion Financial Corp..
MFIN.US | Other credit granting
Medallion Financial Corp. is a specialty finance company with a focus on originating, acquiring, and servicing loans that finance small businesses. The company operates primarily in two segments: consumer lending and commercial lending. The consumer lending segment includes loans to individuals for ...Show More
Better Health for All
-70
The company's principal business of originating loans for taxi medallions has been linked to severe negative mental health outcomes. The economic hardship faced by taxi drivers due to plummeting medallion prices, affecting more than 4,000 drivers, has resulted in a spate of suicides.
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This constitutes severe, widespread health damage directly connected to the company's lending activities in that sector. The company's business model, particularly its involvement in the taxi medallion market, has contributed to significant mental health impacts, with no evidence of practical support or resources allocated to address these issues.
Fair Money & Economic Opportunity
-30
Medallion Financial Corp. reached an agreement in principle with the SEC on settlement terms, which included a charge of $3.0 million.
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The company also received a benefit of $5.5 million related to insurance coverage for legal costs associated with this regulatory action.
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Fair Pay & Worker Respect
20
In 2024, the CEO-to-median employee pay ratio was 26:1, with the median employee compensation at $101,538.
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Employee reviews indicate an overall rating of 3.6 out of 5 stars (72%), with 78% of employees recommending the company and 82% approving of the CEO.
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No regulatory actions, violations, fines, or compliance issues related to labor law or human rights are mentioned in the provided articles.
Fair Trade & Ethical Sourcing
0
No evidence available to assess Medallion Financial Corp. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No evidence available to assess Medallion Financial Corp. on Honest & Fair Business.
Kind to Animals
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Medallion Financial Corp. is a specialty finance company that provides loans for small businesses and consumers, including recreational vehicles and horse trailers.
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The provided articles contain no evidence that the company engages in activities such as animal testing, uses animal-derived ingredients, operates animal agriculture, or directly impacts wildlife habitats. Therefore, all KPIs related to animal welfare are not applicable to its business model.
No War, No Weapons
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No evidence available to assess Medallion Financial Corp. on No War, No Weapons.
Planet-Friendly Business
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Medallion Financial Corp. does not publicly disclose any carbon emissions data (Scope 1, 2, or 3), nor does it report specific reduction targets or participation in tracked climate initiatives.
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There is no available information regarding the company's renewable energy usage, water consumption, green building certifications, waste diversion rates, capital expenditure alignment with the EU Taxonomy, lifecycle impact assessments, recycled material usage, carbon offset quality, climate-positive investments, supply chain climate transparency, or supplier SBTi targets.
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The company also does not report on biodiversity efforts, deforestation policies, environmental compliance violations, environmental impact assessments, net-zero targets, TCFD alignment, climate scenario analysis, stranded asset transparency, water sourcing from stressed basins, packaging CO2 reduction, climate justice initiatives, just transition programs, or climate adaptation financing.
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Respect for Cultures & Communities
50
The company recruits 63 out of 77 (81.8%) of its workforce from local communities.
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Safe & Smart Tech
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No evidence available to assess Medallion Financial Corp. on Safe & Smart Tech.
Zero Waste & Sustainable Products
0
The provided articles contain no specific, concrete data points for Medallion Financial Corp. (MFIN.US) regarding any of the KPIs related to Zero Waste & Sustainable Products.
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Articles and pertain to Medallion Midstream, a separate entity, and explicitly state they contain no relevant data for these metrics.
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, which is about MFIN.US, explicitly states that no quantitative data is available for waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education.
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It also notes that MFIN.US has not publicly committed to measurable waste reduction goals.
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