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CEO Action Fellows

Taking action to create systemic change.

Empowering our associates to create change

Flagstar CEO Tom Cangemi signed the CEO Action for Diversity and Inclusion pledge in 2021 to demonstrate our commitment to advancing diversity, equity, and inclusion efforts. Comprised of more than 2,400 CEOs from more than 85 industries, CEO Action began with a shared belief that DEI is a societal issue, not a competitive one, and that the business community is a vital part of driving change at scale.

Two Flagstar-sponsored employees successfully concluded their 24-month fellowships, where they dedicated their time and talent to CEO Action for Racial Equity. The fellowship strives to advance racial equity through public policy. Since then, fellows from more than 100 companies have worked to identify, develop, and promote policies to positively impact 47+ million Black Americans and improve societal well-being.


Building scalable, sustainable change


CEO Action for Racial Equity has an issue agenda featuring eight public policy solutions and three social contracts solutions. The fellowship is also using a place-based approach to drive change locally in three cities: Detroit, Michigan; Oakland, California; and Baltimore, Maryland. Fellows identify current community efforts, partner with local organizations, and connect them to corporate resources to accelerate their impact. 

Public policy solutions

  • A Path Toward Greater Food Equity
  • Closing the Digital Divide
  • Decriminalizing Poverty, Fines, Fees, and Cash Bail
  • Equity and Excellence in Early Childhood Education
  • Expanding Access to Telehealth
  • Expanding Economic Opportunity Through Community Development Financial Institutions
  • Racism: A Public Health Crisis
  • Supporting Police Integrity and Transparency: Advancing a National Policing Misconduct Registry

Social contracts solutions

  • Advancing Corporate and HBCU Collaborations: Expanding Reach and Sustaining Engagement
  • Expanding Beyond Supplier Diversity to a Business Diversity Ecosystem
  • Mobilizing Untapped Talent: Destigmatizing Reentry Through Fair Chance Hiring

To learn more, visit the CEO Action for Racial Equity website.

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DEI Training & Engagement

At Flagstar, everyone plays a role in creating a company that works for all.

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DEI Vision & Strategy

Embracing diversity. Promoting equity. Cultivating inclusivity. 

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Recognition for Our DEI Efforts

We are proud to be recognized within the business community for our DEI efforts.