NAVY FED ACCUSED OF USING 'RACIALLY DISCRIMINATING' LENDING PRACTICES -- David Wayne
(Alexandria, VA) -- The Navy Federal Credit Union has been accused of using racially motivated lending practices. Navy Fed was named in a class-action lawsuit claiming they approved white mortgage applications at a higher rate than Black and Latino applicants. The lawsuit was filed by civil rights attorney Ben Crump -- plaintiffs accuse the credit union of denying mortgage applications because of race. Navy Federal has released a statement standing by their mortgage loan practices and say they look forward to responding to claims in court.
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